Seino Holdings partners with Mahindra Logistics to provide Integrated Logistics Solutions in India
India, May 31, 2024: Seino Holdings Co. Ltd. – a prominent Japanese logistics firm, is entering into the Indian market through a partnership with Mahindra Logistics Limited. This partnership aims to offer Integrated logistics solutions to leverage Seino’s global relationships with Japanese Automotive customers and serve their logistics requirements in India.
Under the terms of the agreement, the companies will form a Joint Venture, owned by Mahindra Logistics and Seino Holdings. This JV will focus on providing Japanese automotive & strategic non-auto customers with integrated logistics solutions covering Auto Outbound, Warehousing & Transportation, and a comprehensive technology suite. Leveraging Mahindra Logistics’ vast capabilities and strong network, Seino Holdings can now deliver optimized logistics solutions and extend its reach to customers across India with a strong focus on technology, process innovation, operational excellence, and sustainability.
The Indian auto industry has witnessed strong growth and has emerged as the third-largest automotive market in the world. With a strategic focus on electric vehicles and programs such as “Make In India”, the industry is estimated to see continued growth from Japan-based OEMs and auto component manufacturers.
Commenting on the partnership, Yoshitaka Taguchi, CEO, Seino Holdings Co. Ltd., said, “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”.
Commenting on the Joint Venture, Rampraveen Swaminathan, MD & CEO, Mahindra Logistics Limited, said, “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”.