Chennai

Ashok Leyland, one of India’s leading commercial vehicle manufacturers, has unveiled plans to invest up to Rs. 500 crore in a new battery pack manufacturing facility near Chennai. The greenfield project marks a significant step in strengthening the company’s electric vehicle (EV) ecosystem and reflects the broader transformation underway within India’s automotive sector. The facility, located in Pillaipakkam, is expected to play a strategic role in supporting Ashok Leyland’s growing EV portfolio while enhancing domestic manufacturing capabilities.

Nokia has inaugurated a state-of-the-art research and development facility in Chennai, reinforcing its long-term commitment to India’s expanding telecommunications and digital infrastructure ecosystem. The new center is expected to focus on next-generation network technologies, including 5G, cloud-native solutions and advanced software engineering. The move aligns with India’s ambition to become a global innovation hub while strengthening domestic capabilities in telecom manufacturing and design.

Prestige Estates has acquired a significant parcel of land in Chennai to develop a large-scale residential project, reinforcing its long-term commitment to India’s urban housing market. The transaction reflects the developer’s confidence in sustained homebuyer demand, supported by infrastructure upgrades, steady employment growth, and rising urbanization in the region. By strengthening its land bank in a key southern market, Prestige aims to enhance project visibility and revenue certainty over the coming years.

Chennai-based real estate developer Casagrand has officially marked its international debut with the launch of a high-end residential project in Dubai. The move represents a strategic expansion for the company, which has thus far concentrated its operations within India’s southern real estate corridors. This overseas initiative reflects Casagrand’s growing ambitions and its confidence in capturing demand for luxury housing in global markets.

Ample Parks, a joint venture between global sustainable infrastructure investor Actis and Mahindra Lifespaces, has launched its flagship Grade-A industrial and logistics park in Chennai. Located within Mahindra World City, the Rs. 800-crore project spans 71 acres and aims to lease out 2.1 million sq ft of premium industrial space. Strategically positioned in the Singaperumal Koil industrial corridor, the development is expected to generate Rs. 110 crore in annual revenue and create over 11,000 jobs.