Seino Holdings Co Ltd has announced its entry into the Indian market through a strategic partnership with Mahindra Logistics Ltd. This collaboration aims to deliver integrated logistics solutions, leveraging Seino’s extensive relationships with Japanese automotive customers to meet their logistics needs in India.
The partnership will result in the formation of a Joint Venture (JV) owned by both Mahindra Logistics and Seino Holdings. The JV will focus on providing integrated logistics solutions to Japanese automotive and strategic non-automotive customers. Services will include auto outbound logistics, warehousing, transportation, and a comprehensive technology suite. By harnessing Mahindra Logistics’ extensive capabilities and robust network, Seino Holdings aims to offer optimized logistics solutions across India, emphasizing technology, process innovation, operational excellence, and sustainability.
The Indian automotive industry has seen significant growth, emerging as the third-largest automotive market globally. With a strategic focus on electric vehicles and initiatives like ‘Make in India,’ the industry is poised for continued expansion, attracting increased investments from Japan-based original equipment manufacturers (OEMs) and auto component producers.
Yoshitaka Taguchi, CEO, Seino Holdings Co Ltd, commented on the partnership, stating, “Seino Holdings is expected to provide significant value to customers, and in collaboration with Mahindra Logistics’ unmatched capabilities, we endeavour to serve Japanese customers in India. Through this partnership, we will offer comprehensive logistics solutions supported by digitization, innovation, and a customer-centric approach, allowing us to efficiently manage the end-to-end supply chain.”
Rampraveen Swaminathan, MD & CEO, Mahindra Logistics Ltd, also shared his views on the Joint Venture, saying, “India’s economic resurgence, complemented by its unique geographical location, offers Japanese multinational companies an unprecedented opportunity in the country. Seino Holdings, with its distinguished legacy of business excellence, is in alignment with our commitment to delivering exceptional customer experiences and robust process capabilities throughout the supply chain. We envision this partnership contributing to the creation of a sustainable Rs 1,000 Crore business model over the next five years, further reinforcing the ‘Make in India’ initiative and fostering local manufacturing and economic growth.”
This strategic partnership is set to enhance the logistics landscape in India, providing superior solutions to Japanese automotive customers and supporting the growth of local manufacturing and the broader economy.