Samvardhana Motherson Group (SMG), through its arm Samvardhana Motherson International Limited (SAMIL), today announced its joint venture with Hamakyorex Co Ltd – a Japan-based company for finished vehicle logistics in India.
With the Indian automotive market expected to experience increased offering of more advanced vehicles, Hamakyorex found it the right time to enter India and grow the land transportation business of finished vehicles in India. SAMIL, forming part of Samvardhana Motherson Group, is a major player in the Indian market as an auto components manufacturer and will be an ideal partner to enhance the roll out of this business. The collaboration will thus be a natural synergistic business for both the partners and will offer to deliver a professional, safer and technology-driven solution to the OEMs.
Osuka, Chairman, Hamakyorex Co Ltd said, “I believe India is the country which will lead the global economy from now on. This JV would do the best in India which has so much potential, bringing synergetic effects as well as contributing distribution efficiency to customers.”
Vivek Chaand Sehgal, Chairman, Samvardhana Motherson Group said, “We are happy to welcome our 27th collaboration partner into the Motherson family. We are confident that the synergies are in place and that together, we can offer our customers greater solutions.”