Mahindra Logistics enters JV with Japan firm to offer warehousing services

Mahindra Logistics announced setting up a joint venture with Japan’s Seino Holdings to offer warehousing and trucking services. In a filing to the stock exchanges, the company said that it has executed a joint venture agreement with Japan-based Seino Holdings Co. Ltd for warehousing and trucking services. The partnership aims to establish a joint venture company focused on providing warehousing and trucking services primarily to Japanese automobile companies and their affiliates in India, the company informed the stock exchanges. According to the filing, Mahindra Logistics will hold 50% ownership in the proposed JV entity, with the remaining 50% to be owned by Seino. “With Mahindra Logistics’ capabilities and strong network, Seino Holdings aims to provide optimised logistics solutions and broaden its reach to customers throughout India. The focus will be on leveraging technology, process innovation, operational excellence, and sustainability to drive growth and efficiency,” said Mahindra Logistics.