Eicher Motors leases 4 lakh sq ft Chennai industrial facility for seven years
Eicher Motors has taken about 4 lakh sq ft at Casagrand Industrial Park in Chennai on a seven-year lease with an estimated ₹74 crore rental outlay, signalling added industrial capacity support for its automotive operations.
Eicher Motors leased about 4 lakh sq ft at Casagrand Industrial Park in Chennai for seven years, with total rental outlay of roughly ₹74 crore. The deal reflects rising automobile-led industrial and warehousing demand in Chennai.
Why this matters
The Chennai lease follows a recent signal on Eicher Motors leasing 392,251 sq ft in Sriperumbudur for Royal Enfield expansion, while the company has also said electric trucks remain distant from mass adoption in India.
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