Tata Katcon Leases 77,800 sq ft in Pune
Tata Katcon Exhaust Systems, a joint venture between Tata AutoComp Systems and Katcon Global, has signed a significant lease agreement for 77,800 square feet of industrial space in Chakan, Pune. This marks the company’s commitment to expanding its operations in one of India’s most strategically important industrial hubs. The deal, which will see Tata Katcon commence operations at the Malpani Industrial & Logistic Park this month, highlights the continued growth and development of Pune’s industrial landscape.
As part of a 10-year lease agreement with Malpani Group, the lease features a monthly rental fee of INR 29 per square foot, reflecting a 10% increase over the previous agreement signed by Tata Toyo Radiator, another joint venture of the Tata AutoComp Group. Tata Toyo had leased 250,000 square feet of space in the same industrial park last year, underlining the attractiveness of the site for major industrial players. Malpani Group has been strategically expanding its footprint in Pune, which is fast becoming one of India’s prime locations for industrial and logistics activities. With an existing 70-acre industrial park, the company recently acquired an additional 150 acres in Chakan’s Phase 5 development.
This expansion will introduce nearly 3 million square feet of additional leasable space, catering to the growing demand for well-located, scalable industrial spaces in the region. The increasing demand for industrial space in Pune and other key locations such as Maharashtra, Tamil Nadu, Gujarat, and Karnataka is driven by the surge in industrial activity across sectors, bolstered by government initiatives like the Make in India campaign and the production-linked incentive (PLI) schemes. These initiatives, coupled with improvements in road, rail, and port infrastructure under government programmes such as PM Gati Shakti, Bharatmala, and Sagarmala, have significantly boosted the need for modern industrial spaces across the country.
Pune’s strategic location, combined with robust connectivity and infrastructure, continues to attract both domestic and international companies seeking well-equipped and compliant industrial spaces. As businesses look to scale operations in India, the demand for such properties is expected to continue its upward trajectory, further cementing Pune’s position as a leading industrial hub in India. For Malpani Group, this deal is another milestone in its ambitious expansion plans, as the company plays a pivotal role in facilitating the growing industrialisation of Pune. With continued investments in infrastructure, the city is poised to become an even more attractive destination for industrial investments in the future.
Tata Katcon’s latest move reinforces the broader trend of companies expanding their industrial presence in India, a trend that will likely intensify as more global players look to capitalise on the country’s expanding manufacturing and export potential.
