Japan's Aisin Automotive inks 95-year industrial lease for 9 lakh sq ft in Maharashtra

Japanese automotive component major Aisin Automotive’s India arm has picked up over 9 lakh sq ft of industrial space at Shendra MIDC of Maharashtra’s Chhatrapati Sambhaji Nagar through a long-term lease of over 95 years to set up its manufacturing unit, marking one of the largest industrial land transactions in the country this year.

Aisin Automotive India, part of Japan’s Aisin Corporation, is a tier-1 supplier of drivetrain, brake, and chassis systems to major global automakers. The company has picked up the space at Inspira City from realty developer Inspira Realty.

This Aisin Automotive transaction marks Inspira City’s second-largest lease and its second Japanese client, following NHK Springs Co. With this deal, total leasing at the park this year has crossed 3 million sq ft.

“The entire industrial park spans 232 acres and has already been 80% leased to a diverse mix of global and domestic companies. A significant portion of its occupiers includes firms from Japan and Germany, reflecting the growing international interest in establishing operations here. In addition to these overseas players, several leading Indian organizations have also taken up space,” Aayush Madhusudan Agrawal, founder & managing director, Inspira Realty, told ET.

With this strong tenant base, according to him, the facility is rapidly evolving into a centre for advanced manufacturing, engineering, and supply-chain operations, catering to both export-oriented and domestic industrial demand.

This will be Aisin Automotive India’s second plant in the country after its initial set up in Gurgaon. The Japanese company’s decision to set up operations reflects the growing preference of international manufacturers for Chhatrapati Sambhaji Nagar as a production base. The city, formerly known as Aurangabad, is already home to facilities of Audi, Skoda, Bajaj Auto, and Volkswagen, while Toyota is in the process of establishing a new plant in the region.

Located along the Samruddhi Mahamarg Expressway, the park has connectivity to Mumbai, Nagpur, and the upcoming Jalna Dry Port, improving logistics efficiency for export-oriented industries.

The government’s sustained focus on manufacturing-led growth through initiatives such as Make in India, the Production Linked Incentive (PLI) Scheme, and the National Logistics Policy has been instrumental in drawing global manufacturers to India. The resulting growth of industrial corridors is driving employment, exports, and regional economic development across the country.

These measures aim to strengthen domestic production, enhance supply-chain resilience, and promote self-reliance by encouraging investment across key sectors. Coupled with improving infrastructure, simplified regulatory frameworks, and proactive state-level policies, India is emerging as a preferred destination for companies seeking to diversify their manufacturing bases.