WOLP to build build-to-suit facility for Montra Electric

Welspun One Logistics Parks (WOLP) has announced a build-to-suit (BTS) lease agreement with Montra Electric (from TIVOLT). Under the agreement, WOLP will construct a BTS facility that would incorporate Montra Electric’s retail experience centre and a separate assembly space catered to four-wheeler small commercial electronic vehicles (EVs). This warehousing project is part of the MoU signed by Welspun One and the Tamil Nadu government in November 2021, with an investment of Rs. 2500 crore. It is located within the WelspunOne logistics and warehousing park in Chinnambedu, Chennai, and the unit is expected to begin operations by the second quarter of 2024.