India, May 30, 2024: Seino Holdings Co. Ltd., a leading Japanese logistics company, has announced its entry into the Indian market through a strategic partnership with Mahindra Logistics Limited. This collaboration is set to offer integrated logistics solutions, leveraging Seino’s strong ties with Japanese automotive clients and catering to their logistics needs within India.
The partnership will involve the creation of a Joint Venture (JV) between Mahindra Logistics and Seino Holdings. This JV will focus on delivering comprehensive logistics services to Japanese automotive manufacturers and key non-automotive clients. The services will include Auto Outbound, Warehousing, Transportation, and a cutting-edge technology suite. By harnessing Mahindra Logistics’ extensive network and capabilities, Seino Holdings aims to provide optimized logistics solutions across India, emphasizing technology, process innovation, operational excellence, and sustainability.
India’s automotive industry, which has seen rapid growth, has now become the third-largest in the world. With a strategic emphasis on electric vehicles and initiatives like “Make in India,” the industry is poised for continued expansion, particularly from Japan-based OEMs and auto component manufacturers.
Yoshitaka Taguchi, CEO of Seino Holdings Co. Ltd., remarked on the partnership, saying, “Seino Holdings is poised to deliver significant value to our customers by joining forces with Mahindra Logistics’ unparalleled capabilities. Together, we aim to serve Japanese customers in India by offering end-to-end logistics solutions, underpinned by digitization, innovation, and a customer-first approach.”
Rampraveen Swaminathan, MD & CEO of Mahindra Logistics Limited, shared his thoughts on the Joint Venture, stating, “India’s economic revival, coupled with its strategic location, presents Japanese multinationals with a unique opportunity. Seino Holdings, with its rich legacy of business excellence, aligns perfectly with our commitment to providing exceptional customer experiences and robust supply chain capabilities. We anticipate this partnership will contribute to building a sustainable ₹1,000 Crore business model over the next five years, bolstering the ‘Make in India’ initiative and promoting local manufacturing and economic growth.”
About Mahindra Logistics
Mahindra Logistics Limited (MLL) is a leading third-party logistics (3PL) service provider specializing in supply chain management and enterprise mobility. Serving over 400 corporate customers across diverse sectors such as Automobile, Engineering, Consumer Goods, and E-commerce, MLL operates on an “asset-light” business model, delivering customized and technology-enabled solutions throughout the supply chain and mobility services.
About Mahindra Group
Established in 1945, the Mahindra Group is one of the world’s most respected multinational conglomerates, with 260,000 employees across over 100 countries. The group holds leadership positions in farm equipment, utility vehicles, information technology, and financial services in India, and is the world’s largest tractor company by volume. Mahindra Group also has a strong presence in renewable energy, agriculture, logistics, hospitality, and real estate, with a commitment to ESG leadership, rural prosperity, and enhancing urban living.
About Seino Holdings Co. Ltd.:
Founded in 1930, Seino Holdings is committed to its mission of “Transportation Nation,” which involves delivering top-tier service that goes beyond logistics, delighting customers, and contributing to society. The company, with 88 group companies and 31,000 employees, operates Japan’s largest business-to-business logistics network, with total sales of approximately 6420.8 billion yen and around 760 locations nationwide. Seino Holdings is dedicated to promoting “Green Logistics” and achieving a sustainable future by collaborating and sharing with other companies, striving to be a “light that brightens the world” through customer-focused services.
Source: Click Here
