Japanese logistics giant Seino Holdings Co. has announced its foray into the Indian market through a joint venture with Mahindra Logistics, aiming to establish a robust Rs 1,000-crore business model over the next five years.
This strategic collaboration will deliver comprehensive logistics solutions, leveraging digitalization, innovation, and customer-centric approaches to manage the end-to-end supply chain. Under the agreement, Mahindra Logistics and Seino Holdings will establish a joint venture, with ownership shared between the two entities. The focus of this JV will be on providing integrated logistics solutions to Japanese automotive and strategic non-auto customers in India. This includes services covering auto outbound, warehousing, transportation, and a suite of advanced technology solutions. The partnership intends to capitalize on Seino’s global relationships with Japanese automotive customers to address their logistics needs in the Indian market. With India emerging as the world’s third-largest automotive market and significant growth anticipated, particularly in the electric vehicle segment and initiatives like ‘Make In India,’ there is a ripe opportunity for expansion and collaboration in the logistics sector.
The Indian automotive industry’s growth trajectory presents a promising landscape for Mahindra Logistics and Seino Holdings to tap into. By combining their expertise and resources, the joint venture aims to capture a significant share of this burgeoning market, offering tailored logistics solutions to meet the evolving demands of Japanese OEMs and auto component manufacturers operating in India.
