Welspun One Logistics signs pact with Montra Electric for new facility at Chennai
Industrial real estate platform Welspun One Logistics has signed a pact with Murugappa Group’s electric vehicle arm Montra Electric to develop a built-to-suit warehousing and dedicated assembly space spread over 3 lakh sq ft in Chennai.
The facility will include a retail experience center and dedicated assembly space for small commercial electric vehicles. As per Welspun the facility is expected to commence operations by the second quarter of 2024 and is part of a Rs 2,500 crore investment memorandum of understanding with the government of Tamil Nadu.
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