WeWork India Expands Bengaluru and Pune Footprint with 2.25 Lakh Sq. Ft. and 4,500+ Desks at Infinix Palladium and Millennium Towers

• Opens WeWork Infinix Palladium in Whitefield, Bengaluru, and WeWork Millennium Towers in Wakad, Pune
• Strengthens presence across two high-growth commercial corridors as businesses increasingly prioritise proximity to talent, transit and everyday amenities

WeWork India Management Limited, the industry leader in the premium flexible workspace sector, today announced the opening of two new centres across Bengaluru and Pune - WeWork Infinix Palladium in Whitefield and WeWork Millennium Towers in Wakad. Together, the two centres add ~2.25 lakh sq. ft. and 4,500+ desks to the company’s portfolio, strengthening its presence in two of India’s key office markets.

The expansion reflects a broader shift in how businesses evaluate workplace locations. As cities expand and employment hubs become more distributed, the value of an office is increasingly shaped by what surrounds it - proximity to talent and residential catchments, access to mass transit and major arterial routes, and a strong ecosystem of retail, dining and everyday amenities. This is giving rise to more self-sustained commercial corridors, where employees can increasingly access work and everyday conveniences within a smaller radius. Whitefield and Wakad reflect this evolution in different ways, with the two new centres built around distinct propositions - enterprise scale in Whitefield and an integrated work-life experience in Wakad.

In Bengaluru – WeWork Infinix Palladium

In Bengaluru, WeWork Infinix Palladium strengthens the company’s presence in Whitefield, one of the city's largest and most established office markets. Whitefield has evolved beyond a technology corridor into a self-sustained business district, with established commercial clusters across ITPL, EPIP, Hoodi and Brookefield, supported by a significant residential catchment and a growing mix of retail, hospitality and social infrastructure. Located a four-minute walk from Singayyanapalya Metro Station, WeWork Infinix Palladium is a standalone, full-building workspace built for enterprise scale. Spread across the ground to sixth floor, along with a terrace, the centre spans ~1.7 lakh sq. ft. and offers 3,100+ desks, giving larger teams the ability to consolidate and grow within a single asset. The opening builds on WeWork India’s presence in Bengaluru, where it has 30 centres spanning 3.3 million sq. ft. and 51,700 desks as of Q1 FY27.

Arnav S. Gusain, Chief Supply Officer, WeWork India and CEO, Rivet by WeWork India, said, “The definition of a prime business location is changing. As cities become more distributed, businesses are looking beyond the office building itself at how easily employees can move between where they live, work and spend their time. This is making well-connected, self-sustained commercial corridors increasingly important to workplace strategy. Whitefield and Wakad represent this shift in different ways - Whitefield brings the scale and enterprise ecosystem required for sustained growth, while Wakad combines proximity to a major employment hub with a strong residential and lifestyle ecosystem. Our expansion in these markets is about placing workplaces closer to where business growth and talent are converging, while creating environments that can evolve with both.”

In Pune – WeWork Millennium Towers

WeWork Millennium Towers marks the company’s expansion into Wakad, a key West Pune micro-market strategically located between the Hinjewadi employment hub and the Mumbai-Pune Expressway. With a strong residential base and established social infrastructure spanning schools, healthcare, retail and recreation, Wakad brings businesses closer to a significant professional catchment while remaining connected to one of Pune’s largest technology hubs, creating a more integrated ecosystem around where employees work and live. Located across the 16th and 17th floors, WeWork Millennium Towers spans ~55000 sq. ft. and offers ~1400 desks, with access to a wider ecosystem of retail, dining and recreational amenities. WeWork India also has a significantly larger footprint within the same asset, having already leased close to 1.8 lakh sq. ft. to enterprise clients through its Managed Office offering, underscoring the depth of enterprise demand in the micro-market. The building is LEED Platinum certified, with sustainability features including solar power, smart building management systems, rainwater harvesting, zero-waste management and provision for green power. The opening further expands WeWork India’s Pune portfolio, which stood at eight centres spanning 0.8 million sq. ft. and 14,400 desks as of Q1 FY27.

Workplace Experience

Both centres are designed to support enterprises, GCCs and growing businesses with workspaces that combine productivity, collaboration and employee wellbeing. Alongside private offices, meeting rooms and technology-enabled facilities, members have access to wellness, F&B and recreational amenities. Infinix Palladium features a recovery room, gym and game zone, while Millennium Towers extends the experience beyond the workspace through the tech park’s wider lifestyle ecosystem, including sports and recreation facilities, a crèche, event spaces, cafés and 75+ dining experiences. Together, these elements support how employees work, connect and recharge through the day.

WeWork India Presence

With a strong presence across eight cities, WeWork India continues to deepen its footprint in key commercial hubs, enabling organisations to scale with agility while accessing premium, well-connected workspaces. WeWork India is currently operational across 8 cities, with over 1.33 lakh desks, with robust relationships across key stakeholders such as landlords, IPCs, and members. With solutions for all kinds of businesses - solopreneurs to startups to Fortune 500 companies - WeWork India offers the perfect workspace solutions that deliver a premium experience 

About WeWork India

Launched in 2017, WeWork India Management Limited is India’s leading premium flexible workspace operator and has been the largest operator by total revenue for the past three fiscal years. The Company operates 79 centres across 9.1 million sq. ft. in eight cities - Bengaluru, Mumbai, Gurugram, Pune, Hyderabad, Chennai, Noida and New Delhi - serving over 113,000 members across Fortune 500 companies, global capability centres (GCCs), enterprises and startups. WeWork India was listed on the NSE and BSE in FY26

GE Aerospace Expands India Footprint with ₹100 Crore Pune Investment

GE Aerospace today announced an investment of INR 100 Crore in its Pune manufacturing facility, further strengthening its manufacturing footprint in India and reinforcing its long-term commitment to the country. The investment will support new welding technologies, advanced inspection equipment, precision tools, gauges, fixtures, and additional infrastructure enhancements designed to increase production capacity, enhance process precision, and support the delivery of high-quality components for customers worldwide.

This latest investment builds on the INR 410 Crore announced over the last two years, bringing GE Aerospace’s total investment in the Pune facility to more than INR 510 Crore over three years. Previous investments were focused on advancing manufacturing processes, automation, and capability enhancements supporting next-generation engine components. The latest upgrades will further expand the facility’s capabilities and support component production across GE Aerospace’s GE90, GEnx, GE9X, and CFM International’s LEAP engine programs.

"This continued investment reflects GE Aerospace’s long-term commitment to India and our confidence in the Pune facility’s role within our global manufacturing network," said Vishwajit Singh, Managing Director, Pune manufacturing facility, GE Aerospace. "Our continued growth is a win for our customers and the broader community, driving more apprenticeship and job opportunities at GE Aerospace and for our supplier partners. Over the past decade, this facility has grown into a high-capability aerospace manufacturing hub, strengthening India's supplier ecosystem and contributing to GE Aerospace's global supply chain.”

GE Aerospace’s Pune manufacturing facility is a key part of the company’s global supply chain, producing critical components for commercial aircraft engines. The facility works with more than 300 suppliers locally across a broader network of over 2,200 GE Aerospace suppliers in India, helping strengthen the country’s role in global aerospace programs through advanced manufacturing expertise and precision engineering capabilities. The facility also plays an important role in workforce development. Its structured two-year apprenticeship program enrolls more than 500 apprentices annually in classroom instruction and specialized TIG welding training through the site’s dedicated Weld School. Since 2015, the facility has trained more than 5,000 production associates, helping build a strong pipeline of aerospace manufacturing talent in India. Recent community and workforce development grants have also supported initiatives focused on technical education and skill development in the region.

Today’s announcement further reinforces GE Aerospace’s broader commitment to India, where the company continues to invest in manufacturing, engineering, and supply chain development to help shape the future of flight.

*CFM International is a 50-50 joint company between GE Aerospace and Safran Aircraft Engines.

About GE Aerospace in India

GE Aerospace has been a partner to India's aviation industry for over 40 years, with more than 1,400 GE Aerospace and partner engines in service nationwide, powering major Indian airlines. GE Aerospace’s defense engines and systems also power the Indian Air Force’s Light Combat Aircraft Tejas Mk1 and helicopters, and the Indian Navy’s aircraft carrier battleships and frigates. The Pune manufacturing facility and 17 Indian suppliers play an important role in the company’s global supply chain. Researchers and engineers at the company’s 25-year-old Technology Centre in Bengaluru are building the latest aviation technologies. Learn more about GE Aerospace in India at geaerospace.com/india

About GE Aerospace

GE Aerospace is a global aerospace propulsion, services, and systems leader with an installed base of approximately 50,000 commercial and 30,000 military aircraft engines. With a global team of approximately 57,000 employees building on more than a century of innovation and learning, GE Aerospace is committed to inventing the future of flight, lifting people up, and bringing them home safely. Learn more about how GE Aerospace and its partners are defining flight for today, tomorrow, and the future at geaerospace.com

Accenture Expands Global Footprint with ₹325 Crore Pune GCC Lease

Accenture has leased over 600,000 sq ft of office space at Phoenix Millennium Towers in Baner, Pune, to set up a new Global Capability Centre (GCC). The ₹325 crore, 15‑year deal is one of the largest commercial real estate transactions in Pune this year, with full operations expected by June 2026.

• Location: Phoenix Millennium Towers, Baner, Pune
• Size: 600,000+ sq ft across nine floors
• Lease Tenure: 15+ years
• Value: Approx. ₹325 crore
• Phases: Occupation in two phases, completing by June 2026
• Purpose: Establishment of a Global Capability Centre (GCC)

Why Pune for GCCs:

• Strong IT ecosystem & talent pool
• Lower operational costs compared to Bengaluru and Mumbai
• Rapidly growing business hubs like Baner, Hinjewadi, and Balewadi
• Infrastructure upgrades boosting attractiveness

Industry Context:

• GCCs account for 45.5% of India’s total office leasing demand in Q1 2026
• India’s office market saw 21.5 million sq ft leased in Jan–Mar 2026
• Multinationals view India as a strategic centre for AI, cloud, and digital transformation

Impact on Jobs & Economy:

• Employment boost in software engineering, AI & data analytics, cloud & digital services
• Strengthens Pune’s position as a global tech hub
• Supports local real estate growth and ecosystem development

City	Strengths	Challenges
Pune	Strong talent pool, lower costs, growing hubs	Infrastructure catching up with demand
Bengaluru	Largest IT ecosystem, global recognition	Higher costs, congestion
Hyderabad	Strong infra, govt support, pharma + tech mix	Competition for talent
Gurugram	Proximity to Delhi, strong corporate base	Higher real estate costs

Accenture’s Pune GCC deal is a strategic signal of India’s rising role in global innovation hubs. For Pune, this means more jobs, stronger real estate demand, and elevated status as a preferred GCC destination.

GE Aerospace to Invest USD 14 Million to Expand Pune Manufacturing Capability

GE Aerospace has announced a USD 14 million investment to expand capacity at the company’s Pune manufacturing facility as the site completes a decade of successful operations. This investment builds upon the USD 30 million announced last year. The new investment will strengthen the site’s capabilities through upgraded manufacturing processes and automation, including enhancements that support advanced engine components.

“Our team in Pune has built strong capabilities, and with the support of a country-wide network of suppliers, has delivered components for some of our most advanced commercial jet engines, with safety and quality at the forefront,” said Vishwajit Singh, Managing Director of the Pune facility, GE Aerospace. “This investment reflects our commitment to the Make in India initiative and to advancing India’s role in global aerospace manufacturing.”

The Pune facility, which began as a multi-business manufacturing site, has since evolved into a high-tech aerospace parts supplier for GE Aerospace’s global commercial engine factories. Today, the site is supported by a network of more than 300 suppliers serving the Pune facility, part of the over 2,200 suppliers GE Aerospace partners with across India. Over the past 10 years, the facility has trained more than 5,000 production associates in precision manufacturing processes, playing a vital role in developing local talent. The site is also ISO 14001 and ISO 45001 certified, reflecting GE Aerospace’s commitment to sustainability and operational excellence.

The facility’s success is driven by FLIGHT DECK, GE Aerospace’s proprietary lean operating model that emphasizes safety, quality, and efficiency. With FLIGHT DECK, the site has reduced waste, improved process efficiency, and increased output while enhancing shop-floor safety. On a new line for a critical component, it has also achieved shorter lead times, higher productivity, and reduced downtime.

About GE Aerospace in India

GE Aerospace has been a partner to India's aviation industry for over 40 years. 1,400 GE Aerospace and partner engines are in service, powering major Indian airlines. GE Aerospace’s defense engines and systems power the Indian Air Force’s Light Combat Aircraft Tejas Mk1 and helicopters, and the Indian Navy’s aircraft carrier battleships and frigates. Its Pune manufacturing facility and 13 local India partners are part of the company’s global supply chain. Researchers and engineers at the company’s 25-year-old India Technology Centre in Bengaluru are building the latest aviation technologies.

About GE Aerospace

GE Aerospace is a global aerospace propulsion, services, and systems leader with an installed base of approximately 49,000 commercial and 29,000 military aircraft engines. With a global team of approximately 53,000 employees building on more than a century of innovation and learning, GE Aerospace is committed to inventing the future of flight, lifting people up, and bringing them home safely. Learn more at www.geaerospace.com

GlobalLogic Launches AI-Driven STEM Lab in India to Equip Next-Gen Female Innovators

• The fully equipped robotics lab serves 763 girl students from Grades 6 to 9 at Renuka Swarup Memorial Girls High School in Pune
• The lab is designed to foster hands-on learning in emerging technologies such as robotics, AI, electronics, and coding
• The program is designed to create a sustainable impact through a model that not only provides hands on learning for children, but also trains the STEM teachers over a period of time to enable a long-lasting impact in STEM Education for the school.

GlobalLogic, a Hitachi Group company and a leader in digital product engineering, in collaboration with the India STEM Foundation, inaugurated the 'Robo Shiksha Kendra' a STEM Innovation Lab at Renuka Swarup Memorial Girls' High School in Pune, Maharashtra. Launched under the company’s flagship CSR initiative “Educate to Empower”, the lab aims to provide immersive, hands-on STEM (Science, Technology, Engineering, and Mathematics) education to 763 girl students from grades 6 to 9 and deliver structured training to teachers—equipping them to integrate robotics, artificial intelligence, electronics, and coding into mainstream classroom learning.

The state-of-the-art facility is designed to nurture innovation, critical thinking, and technical confidence among underserved students. Senior dignitaries including Ms. Kamladevi Awate - Deputy Director- SCERT, Maharashtra and Mr. Sudhanshu Sharma, Founder & Director, India STEM Foundation graced the inauguration along with the GlobalLogic leadership. Their presence underscored the growing recognition of the importance of early access to digital tools and emerging technologies for India’s youth.

Emphasising the company’s social mission, Ms. Monika Walia, Head- Corporate Social Responsibility, GlobalLogic said “With nearly 59% of girls discontinuing STEM education due to financial barriers, equitable access is not just a social issue—it’s a strategic necessity for realizing the vision of Viksit Bharat. At GlobalLogic, we view technology as a powerful equalizer. By embedding advanced STEM education in underserved schools, we are not only addressing access gaps but also cultivating the next generation of innovators who will drive India's digital and inclusive growth. Our collaboration with India STEM Foundation through the Robo Shiksha Kendra is a catalyst for systemic change—breaking down economic barriers, enabling hands-on learning in robotics and AI, and empowering both students and educators to actively contribute to India's tech-driven future.”

Highlighting GlobalLogic’s commitment to building India’s next generation of technologists, Mr. Vikram Puranik, Senior Vice President – Engineering (Communications, Consumer & Media), GlobalLogic, said: "Our innovation-led commitments align with India’s mission to drive technology-led growth, and this STEM innovation lab is a step in that direction. Pune—both an IT hub and the education capital—is the ideal place to nurture future-ready talent. By making learning in AI, robotics, coding, and automation accessible to underserved schools, we are creating opportunities and building a strong pipeline of future technologists, while also complementing GlobalLogic’s digital engineering expertise. This lab is about equipping young minds with visual, engaging and hands-on experiences that reduce drop-out rates and spark curiosity—fueling the innovation of tomorrow."

The impact of the lab is already evident through student achievements. A standout example is the "Future Femmes" team—three students from the school who qualified for the national round of the World Robot Olympiad in Hyderabad. Their project, AmritDarpan, an AI- and IoT-powered solution addressing water quality and accessibility, stood out among 293 of the nation’s brightest teams. Their journey reflects not only technical brilliance but also a deep sense of social responsibility.

Mr. Sudhanshu Sharma, Founder & Director, India STEM Foundation said, “Our collaboration with GlobalLogic represents a pivotal milestone in advancing STEM education across India. Their dedication to nurturing future-ready talent through CSR gives tremendous strength to the Robo Shiksha Kendra initiative and reflects our common vision of empowering the innovators of tomorrow. With GlobalLogic’s partnership, we can expand our reach, enrich learning experiences, and inspire young minds to drive the future of technology and societal progress.”

Since 2022, GlobalLogic’s STEM Innovation Lab journey has expanded significantly, beginning in Noida with 580 students, followed by Bangalore in 2023, reaching 980 students, and by 2024, scaling to four more labs nationwide. Today, six labs across India serve over 4,700 students, promoting access to STEM learning and innovation in education.

Educate to Empower, GlobalLogic’s CSR flagship initiative, is focused on providing tech-based education. The program supports the development of inclusive, equitable, and quality learning ecosystems by providing underprivileged students with access to advanced technologies, structured training, and real-world exposure. Through this initiative, GlobalLogic reinforces its commitment to co-creating societal impact and nurturing India’s next generation of changemakers.

About GlobalLogic

GlobalLogic (www.globallogic.com) is a leader in digital engineering. We help brands across the globe design and build innovative products, platforms, and digital experiences for the modern world. By integrating experience design, complex engineering, and data expertise, we help our clients imagine what’s possible and accelerate their transition into tomorrow’s digital businesses. Headquartered in Silicon Valley, GlobalLogic operates design studios and engineering centres around the world, extending our deep expertise to customers in the automotive, communications, financial services, healthcare and life sciences, manufacturing, media and entertainment, semiconductor, and technology industries. GlobalLogic is a Hitachi Group Company operating under Hitachi, Ltd. (TSE: 6501), which contributes to a sustainable society with a higher quality of life by driving innovation through data and technology as the Social Innovation Business.

India’s RFID Pioneer i-TEK Marks Silver Jubilee, Launches Panchajanya Experience Centre in Pune

• i-TEK Celebrates 25 Years of Excellence in RFID & IoT; Union Minister Shri Nitin Gadkari Launches ‘Panchajanya Experience Centre’ at i-TEK Headquarters
• From powering 1 in every 2 vehicles in India with FASTag to securing exports at 105 ports and from tagging and tracing library books to 300 core apparel in retail, i-TEK marks 25 years of innovation
• Launches GarudaVigil, an AI-powered IoT Cloud Platform harnessing the power of IoT for supply chain traceability and inventory count, exemplifying reliability, agility, and unwavering attention.
• i-TEK announces IPO roadmap and global expansion plans at Silver Jubilee event. 
• Shri Nitin Gadkari praises i-TEK’s innovations in RFID container tracking and anti-counterfeiting, calling technology-driven transparency vital for nation-building  

Infotek Software & Systems Pvt. Ltd. (i-TEK), India’s pioneering RFID and IoT solutions company, celebrated its Silver Jubilee with a landmark event at its headquarters in Pune. The occasion was graced by Shri Nitin Gadkari Ji, Union Minister of Road Transport & Highways, Government of India, as the Chief Guest and General Manoj Pande, PVSM, AVSM, VSM (Retd), Former Chief of Army Staff, as the Guest of Honour. The event was graced by dignitaries from across industry, academia, government and media, joined by i-TEK’s valued customers and partners, all uniting to mark the company’s 25-year journey of innovation and contribution to the nation.

Over the past 25 years, i-TEK has grown from a modest Pune-based startup into one of India’s most trusted names in RFID Systems and Solutions. The company has been central to several national technology transformations, from pioneering the rollout of FASTag, which today powers every second vehicle in India that carries a FASTag manufactured by i-TEK, to introducing RFID-enabled container eSeals that secure exports across 105 ports and Inland Container Depots. Its solutions have also revolutionized retail and warehousing by reducing inventory cycles from months to just days, while enabling the tracking and tracing of over 300 crore objects annually across industries such as logistics, oil & gas, mining, utilities and manufacturing. With its consistent focus on innovation and nation-building, i-TEK has established itself as a true homegrown leader in India’s digital infrastructure journey.

Addressing the gathering, Hon. Shri Nitin Gadkari Ji, Union Minister of Road Transport & Highways, Government of India, commended i-TEK’s role in India’s technology-led transformation. In his address, he said, “The introduction of RFID and FASTag has been truly transformative. What was once a frustrating experience of long queues and inefficiency at toll plazas has now become seamless, saving citizens time, money and fuel while also boosting government revenue through transparency. i-TEK and its founder, Ashim Patil, have played a pioneering role in making this possible and their innovations in RFID container tracking and anti-counterfeiting solutions are strengthening India’s logistics, exports and markets. Technology like this is nation-building, it brings transparency, efficiency and fairness, while reducing delays and leakages. I was delighted to inaugurate the Panchajanya Experience Centre today, which showcases world-class solutions developed by Indian engineers and entrepreneurs. With such innovation and talent, I am confident that India will not only lead in digital infrastructure but also become the world’s number one automobile and technology hub in the years ahead. I extend my congratulations to Ashim Patil, Avantika Patil and the entire i-TEK team on their Silver Jubilee and wish them continued success in taking India’s innovations to the world.”

Reflecting on the importance of indigenous innovation, General Manoj Pande, PVSM, AVSM, VSM (Retd), Former Chief of Army Staff, said, “It is an honour to be part of i-TEK’s Silver Jubilee celebrations, marking 25 years of innovation and resilience. RFID, which had its origins in military applications during World War II, has today become integral to our daily lives and businesses, revolutionising logistics, supply chains and operational efficiency. The Panchajanya Experience Centre beautifully captures the richness of our country’s scientific legacy while showcasing the transformative power of this technology. With the integration of AI, IoT, cloud and blockchain, RFID is poised to play an even more promising role in the coming decade. The remarkable progress made by i-TEK under the leadership of Ashim and Avantika Patil is a shining example of how vision, perseverance and commitment can create a homegrown technology leader aligned with national priorities. I extend my best wishes to Team i-TEK for continued success in their journey ahead.”

The newly launched Panchajanya Experience Centre embodies i-TEK’s vision for the future. Designed as a first-of-its-kind globally, the Centre allows visitors to experience live applications of RFID and IoT, including FASTag-enabled tolling, inventory and supply chain traceability in Retail, smart fitting rooms, faster checkouts, secure container movements in trade logistics and AI-enabled monitoring of smart warehouses and retail supply chains. It highlights how i-TEK’s innovations are shaping industries across different verticals while contributing to India’s broader digital economy. 

Speaking at the event, Mr. Ashim Patil, Managing Director & CEO of i-TEK, expressed his gratitude to employees, partners and customers. He said, “Marking 25 years is a proud milestone for i-TEK and for every individual who has been part of this journey. From pioneering RFID-based tolling and contributing to the FASTag ecosystem, to securing India’s exports and transforming supply chains, our focus has always been on building solutions that deliver real impact. At i-TEK, we are deeply committed to supporting the Hon. Prime Minister Shri Narendra Modi Ji’s vision of building an Atmanirbhar Bharat and achieving a $5 trillion economy. As India advances towards the goal of Viksit Bharat 2047, I am confident that i-TEK will continue to play a steady and significant role in strengthening the nation’s digital infrastructure and showcasing Indian innovation on the global stage. With the launch of Panchajanya and the expansion of our GarudaVigil™ platform, we are entering a new era of growth where Indian innovation will not only strengthen our nation’s digital infrastructure but also shape global supply chains. I would especially like to thank Hon. Shri Nitin Gadkari Ji for his vision and constant encouragement, which have created the right policy environment for companies like ours to innovate and scale. Last year, over 54 billion objects were tagged using RFID, representing $1.7 trillion in value and contributing $17 billion in EBITDA for enterprises”. 

He further added, “With the market expected to grow from $4 billion to $10 billion by 2030, i-TEK is poised to ride this wave, delivering world-class traceability solutions through our new RFID platform, Garuda Vigil. As we look ahead to our next phase, including global expansion and an upcoming IPO, our commitment to nation-building through technology remains stronger than ever.”

Mrs. Avantika Patil, Chairperson, i-TEK said, “As i-TEK celebrates its Silver Jubilee, I see this milestone as both a reflection of our journey and a promise of what lies ahead. What began as a small dream 25 years ago has grown into a strong, resilient enterprise that continues to innovate, adapt and serve the nation. Panchajanya is more than an experience centre, it is a symbol of our growth, a space that captures how a homegrown company from Pune has built solutions that touch millions of lives across India. For us, this moment is not only about celebrating the past but also about setting our sights on the future. We aspire to scale i-TEK into a billion-dollar enterprise, expand globally and continue contributing to Atmanirbhar Bharat and Viksit Bharat 2047, while staying rooted in the values of trust, innovation and service.”

Looking forward, i-TEK is entering a new growth phase. Its GarudaVigil™ cloud-native platform, which integrates RFID, IoT and AI, is poised to become a cornerstone of its future strategy by offering real-time monitoring, predictive analytics and anomaly detection across global supply chains. This shift from project-driven revenues to subscription-based models will create sustainable, recurring growth while also strengthening the company’s international presence. With a strategic investment from Tech Mahindra in 2019 and plans for an IPO within the next three years, i-TEK is preparing to scale globally while consolidating its leadership in India.

Beyond its technological achievements, i-TEK continues to embrace its role as a socially responsible enterprise. Through the Ashim-Avantika Foundation, it actively supports initiatives in child healthcare and the promotion of traditional Indian sports, reflecting its belief that true nation-building extends beyond business and innovation.

As i-TEK marks its Silver Jubilee, the company reflects with pride on 25 years of innovation and impact while looking ahead to an ambitious new chapter of growth. With pioneering solutions, global expansion plans and a deep alignment with India’s national priorities, i-TEK is poised to play an even greater role in strengthening the country’s digital infrastructure and advancing the vision of a Viksit Bharat by 2047.

About i-TEK

Infotek Software & Systems Pvt. Ltd. (i-TEK) is a Pune-based technology company and one of India’s pioneers in RFID and IoT solutions. Since its founding in 2000, i-TEK has been at the forefront of digital infrastructure innovation, enabling smarter supply chains, secure trade, and seamless mobility across the nation. The company has played a central role in the rollout of FASTag, deployed RFID-enabled eSeals that safeguard India’s exports across 105 ports, and delivered large-scale solutions across industries such as retail, logistics, oil & gas, mining, and utilities.

Website: https://www.infoteksoftware.com/ 

Tata Elxsi and Bayer Unveil Radiology Development Centre to Fast-Track Diagnostic Innovation

Tata Elxsi, a global leader in design and technology services, today announced the inauguration of the ‘Bayer Development Centre in Radiology’ at Tata Elxsi, Pune, India. The centre is designed to co-develop with Bayer, a leader in key areas of Radiology, advanced radiology devices and technology that enable early and accurate diagnosis and treatment of critical illnesses, supporting Bayer’s global mission to bring innovative, safe, and compliant solutions to patients and clinical staff worldwide.

This centre will provide a wide range of engineering for complex radiology devices, with an initial focus on Molecular Imaging. The facility’s integrated approach, which combines design, development, and validation, the centre will help accelerate time-to-market, enhance cost efficiency, and help deliver new technology to market fast, efficiently, and at an optimized cost, while meeting highest regulatory compliance standards.

This collaboration leverages Tata Elxsi’s healthcare engineering expertise and the strength of the Tata and India ecosystems—enabling access to advanced labs, regulatory partnerships, and specialised technology talent. This creates a scalable foundation for innovation and strengthens Bayer’s ability to deliver radiology solutions across multiple geographies, including the US and EU.

Dr. Konstanze Diefenbach, Head of Research & Development, Radiology, Bayer, commented: “Bayer is committed to innovative products and high-quality services in diagnostic imaging, and device innovation plays a critical role in delivering precision and safety in patient care. This new centre gives us direct access to specialised engineering capabilities through Tata Elxsi, enabling us to accelerate our pipeline of advanced radiology devices while maintaining the quality and reliability that healthcare providers expect from Bayer.”

Sreevatsa Sahasranaman, Sr. Vice President & Head – Healthcare & Life Sciences, Tata Elxsi, said, “This centre is more than an engineering hub—it is where Bayer’s radiology vision meets Tata Elxsi’s design, AI/ML, and regulatory expertise. Our teams will work together to translate ideas into devices that address real-world diagnostic challenges, with the assurance of safety, compliance, and global scalability.”

About Tata Elxsi

Tata Elxsi is a global design and technology services company headquartered in Bangalore. It addresses the healthcare, automotive, broadcast, and communications consumer electronics industries. This is supported by a network of design studios, development centres, and offices worldwide. Tata Elxsi's Healthcare & Life Sciences practice is ISO 13485 certified and collaborates with prominent medical device and pharmaceutical OEMs, as well as technology companies. With a comprehensive services and solutions portfolio, Tata Elxsi adds value at every stage of the customer's product development lifecycle. Recognised as a leader in technology consulting, new product design, development, verification & validation, as well as regulatory compliance services, Tata Elxsi is a trusted name in the industry. For more information, visit tataelxsi.com

Narayana Murthy’s Catamaran Invests in Pune-based Sedemac Mechatronics

Infosys founder Narayana Murthy's family office, Catamaran, has invested in Sedemac Mechatronics, a Pune-based automotive electronics and electrical components maker reports Economic Times. This investment comes as part of a secondary transaction, where an early investor exited, and Catamaran joined the cap table.

Sedemac specializes in precision manufacturing for automotive applications, supplying components for small engines, electric vehicles, and e-bikes. The company has partnerships with major OEMs like Hero MotoCorp, Mahindra Group, and TVS.

This move aligns with Catamaran's broader strategy of backing intelligent manufacturing startups, focusing on robotics, predictive analytics, and maintenance. There's also speculation about a potential IPO worth ₹800-1,000 crore in the near future.

Sedemac Mechatronics was founded in 2007 by Manish Sharma, Amit Dixit, Shashikanth Suryanarayanan, and Pushkaraj Panse . The company originated from research at IIT Bombay and has since grown into a key player in automotive electronics and electrical components.

Sedemac Mechatronics has come a long way since its founding in 2007. Initially, it emerged from IIT Bombay research, focusing on fuel injection systems for two- and three-wheelers 1. Over time, it expanded into powertrain controls, sensor-less technology, and electric vehicle components, securing partnerships with major OEMs like Mahindra, TVS, and Hero MotoCorp.

By 2010, the company faced challenges breaking into top-tier OEMs but gradually built credibility through innovative engine control solutions. It later introduced diesel engine variants, earning trust from heavy-duty vehicle manufacturers like Kirloskar and Mahindra & Mahindra.

Fast forward to 2024, Sedemac has grown into a ₹2,000 crore company, raising $100 million to scale its operations 2. It continues to focus on deep-tech solutions, particularly in electric vehicles and predictive analytics, reinforcing its position as a global supplier of automotive electronics.

Catamaran, Narayana Murthy's family office, has backed around 28 private firms across technology, manufacturing, deep tech, and e-commerce. Some notable investments include:

• Acko - A digital insurance startup.
• Udaan - A B2B e-commerce platform.
• PaperBoat - A beverage brand known for traditional Indian drinks.
• SpaceX - Yes, Elon Musk's aerospace company!
• Eton Solutions - A cloud-based software services firm for family offices.

Catamaran has been expanding its portfolio with intelligent manufacturing startups, focusing on robotics, predictive analytics, and maintenance.

SUZUKI-TATA ELXSI Offshore Development Center Opens in Pune

Suzuki Motor Corporation, a Japanese multinational mobility manufacturer, and Tata Elxsi, a global leader in design and technology services, on Monday, inaugurated the ‘SUZUKI-TATA ELXSI Offshore Development Center’ in Pune, India. This dedicated center will drive Suzuki’s innovations in advanced engineering, shaping the future of mobility.

Tata Elxsi will support Suzuki in its green mobility vision by aligning with Suzuki’s goals for sustainable innovation in lightweight design, safety, styling and engineering, eco-friendly materials, and advanced simulations to improve time-to-market. The partnership will also focus on next-generation powertrains and software-defined vehicles, fostering energy-efficient solutions for electric, hybrid, and alternative fuel vehicles.

At the inauguration, Suzuki’s Chief Technology Officer, Katsuhiro Kato, highlighted the importance of the center as a core component of Suzuki’s innovation strategy. “As the industry progresses in Connected, Autonomous, Shared, and Electric technologies, Suzuki must accelerate electronic and virtual development to meet evolving demands.

Tata Elxsi’s expertise in advanced computing, simulation, and design digital makes them an ideal partner in bringing forward-thinking solutions to market. This strategic and long-term partnership incorporates Suzuki’s endeavor of minimising energy and enables India’s talent to actively contribute to our development efforts globally,” said Mr. Kato.

Manoj Raghavan, MD & CEO of Tata Elxsi, shared, “The inauguration of SUZUKI-TATA ELXSI Offshore Development Center marks a significant milestone in our partnership with Suzuki and our shared vision for the future of mobility. Tata Elxsi’s design-led, digital-first approach is uniquely positioned to support Suzuki’s energy minimisation and sustainability goals, advancing the future of automotive engineering with precision and responsibility. We are delighted to support Suzuki in this journey towards transformative automotive engineering.”

Adani Group's Terravista Acquires 25 Acres Land from Finolex in Pune to Set Up Data Center

The Adani Group company Terravista Developers has acquired leasehold rights of an over 25-acre land parcel in Pimpri industrial zone in Pune’s Haveli locality for around Rs 471 crore from Finolex Industries. The company plans to develop a large data center on this land parcel.

The Adani Group’s data center business is led by AdaniConneX, a joint venture between Adani Enterprises and US-based global hyperscale data center provider EdgeConneX. This alliance aims to develop 1 GW of data center capacity over the next decade.

The Adani Group aims to build nine data centers with a total capacity of 1 gigawatt by 2030. These centers will cater to India's growing digital services demand, attracting global firms like Amazon and Google.

The Adani Group's focus on data centers aligns with India's growing digital services demand. The acquisition of this land parcel in Pune is a significant step toward achieving their ambitious goals in the data center industry.

Late last month, it was reported that Google doing advanced negotiations to acquire a 22.5-acre land parcel in Juinagar, Navi Mumbai, for its first captive data center in India.

AdaniConneX has data centers planned in key Indian cities, including Chennai, Hyderabad, Mumbai, Noida, Pune, and Vizag. Their Chennai facility, for instance, offers 33 MW IT load and robust connectivity.

Data centers in India are emerging as the most attractive growth opportunity for global institutional investors and leading developers, with over a total $13.5 billion investment planned and committed for development of data centers in the country. The rising preference for India among global data center majors can be attributed to the data localization norms and the government’s proposed new data center policy aimed at simplifying the rules. 

Tech Mahindra and AVEVA Establish Global CoE to Accelerate Digital Adoption

Tech Mahindra, in collaboration with AVEVA, a British multinational information technology consulting company that specializes in industrial software, has established a Global Center of Excellence (CoE) to accelerate digital adoption. The CoE is located at Tech Mahindra's campus in Pune, India, and aims to create digital transformation solutions for industry-specific use cases.

This CoE will combine Tech Mahindra's expertise in process manufacturing, Industry 4.0 capabilities, and AVEVA's deep industry knowledge and software applications. It will offer various solutions, including digital production, digital supply chains, connected operations, asset performance, plant digitization, and engineering information management. The solutions will also cover the entire industrial lifecycle, from conceptual engineering to operations and supply chain, helping industries such as Oil & Gas, Energy, Power & Utilities, Infrastructure, Mining, Metal Minerals, and Manufacturing to accelerate the digital adoption process and enhance performance.

Narasimham RV, President, Engineering Services, Tech Mahindra and Emon Zaman, AVEVA Senior Vice President, Asia Pacific

The CoE will focus on various solutions, including digital production, digital supply chains, connected operations, asset performance, plant digitization, and engineering information management. These solutions are designed to cover the entire industrial lifecycle, from conceptual engineering to operations and supply chain, and will assist industries such as Oil & Gas, Energy, Power & Utilities, Infrastructure, Mining, Metal Minerals, and Manufacturing.

The inauguration of the CoE was attended by dignitaries, and the event showcased industry-leading case studies demonstrating how the combined capabilities of Tech Mahindra and AVEVA will drive digital transformation globally.

The partnership is expected to address legacy infrastructure challenges and develop next-generation solutions to improve efficiency and quality within various sectors.

The Global Center of Excellence (CoE) established by Tech Mahindra and AVEVA will focus on several specific use cases across various industries, such as — Digital Production, Digital Supply Chains, Connected Operations, and Plant Digitization among others.

These use cases will aim to address challenges in sectors like Oil & Gas, Energy, Power & Utilities, Infrastructure, Mining, Metal Minerals, and Manufacturing, by developing next-generation solutions that improve efficiency and quality while accelerating digital adoption.

AVEVA was founded in 1967 as a joint venture between the UK Atomic Energy Authority and the CAD Centre, a government-funded research institute that developed computer-aided design (CAD) software for engineering. Aveva's products and services help businesses improve collaboration with customers, suppliers, and partners, and harness the power of their information. 

Tata Elxsi Unveils New Global Design and Engineering Center in Pune for Tech Transformation of Automotive OEMs

Tata Elxsi, amongst the world’s leading design and technology service providers, strategically expands its presence in Pune with the inauguration of a new Global Design and Engineering center in Sukhwani Business Hub, Chinchwad.

The new center is specifically tailored to cater to the technology and digital transformation priorities of key automotive OEMs and Tier 1 suppliers. It will house over 1000 engineers, designers and technology specialists, and advanced labs to spearhead collaborative initiatives in engineering R&D across Software Defined Vehicles, Connected Services, Autonomous Technologies, Electrification, Mechatronics, and Design.

The launch of the new center was attended by Tata Elxsi’s key automotive customers and senior leaders. The center was inaugurated by Mr. Rajendra Petkar, President and CTO of Tata Motors.

Commenting on this occasion, Mr. Rajendra Petkar, President and CTO, Tata Motors said, “I congratulate Tata Elxsi for this new Design and Engineering Center launch at Sukhwani Business Hub, Pune. Tata Elxsi has been a strategic partner for Tata Motors for over two decades. We have collaborated with them across multiple programs spanning Connected Vehicles, Digital, AUTOSAR, ADAS, Electrification, Mechanical Design, and Engineering amongst others. This new center positions Tata Elxsi in proximity to our facility in Pune, fostering high levels of collaboration on upcoming technologies in the automotive sector.”

Manoj Raghavan, MD and CEO, Tata Elxsi said, “Pune has always been a key talent hub for automotive technologies and manufacturing. The center further diversifies and deepens our talent base to support the growth of our automotive business and underscores our commitment to the automotive sector and our key customers in propelling the technology transformation in software, design, and digital.”

Earlier in October last year, Tata Motors unveiled two state-of-the-art & new-age R&D facilities for meeting its mission of offering sustainable mobility solutions. The auto major also announced that it will indigenously develop Hydrogen-fuelled, zero-emission propulsion systems at its R&D centre in Pune. 

About Tata Elxsi:

Tata Elxsi is among the world’s leading design and technology services providers across industries, including Automotive, Broadcast, Communications, Healthcare, and Transportation.

We are helping customers reimagine their products and services through design thinking and applying digital technologies such as IoT (Internet of Things), Cloud, Mobility, Virtual Reality, and Artificial Intelligence. For more information, visit www.tataelxsi.com.

Tata Motors To Indigenously Develop Hydrogen-fuelled, Zero-Emission Propulsion Systems at its R&D Centre in Pune

Tata Motors unveils state-of-the-art facilities for development of Hydrogen propulsion technologies

Tata Motors unveils state-of-the-art facilities for development of Hydrogen propulsion technologies

Tata Motors, India’s largest automobile company, unveiled two state-of-the-art & new-age R&D facilities for meeting its mission of offering sustainable mobility solutions. The unveilings constitute of engine test cell for development of Hydrogen Internal Combustion Engine and the necessary infrastructure for storage and dispensing of Hydrogen fuel for the Fuel Cell and H2ICE vehicles.

These facilities are yet another step forward from the company towards carbon neutrality, while tapping the strong potential of Hydrogen as a clean energy source.

The auto major also announced that it will indigenously develop Hydrogen-fuelled, zero-emission propulsion systems at its R&D centre in Pune.

Speaking on the occasion, Mr. Girish Wagh, Executive Director, Tata Motors, said, “Tata Motors has been leading the global megatrend of sustainable, connected and safer mobility in India. We believe Hydrogen to be the fuel of the future, especially for commercial vehicles. With the opening of this dedicated R&D facility to develop and indigenise Hydrogen propulsion technology, we are entering a new era of technological innovations and advancements in green mobility. The resulting benefits from an altogether new class of powertrains and engines will take our customers and our nation future forward.”

Mr. Rajendra Petkar, President & CTO, Tata Motors, expressed, “This is a significant moment for us as we create Hydrogen based internal combustion engine development facility and the associated infrastructure for fuel storage and dispensing at our Engineering Research Centre. This development is a testimony to Tata Motors continued commitment and leadership towards net zero and long-term vision for offering differentiated powertrain solutions across segments under one roof. We have been investing in the Hydrogen technology for the last many years and continue to be committed for harnessing its maximum potential through research and product development.”

Marching on its path to net zero, Tata Motors had showcased one of the widest range of commercial vehicle concepts at Auto Expo 2023 earlier this year. It included the flagship Prima tractor, a heavy commercial vehicle in two avatars: one with a Hydrogen Internal Combustion Engine and other with Fuel Cell Technology along with the next generation Hydrogen Fuel Cell bus. Being the pioneer in the field of zero-emission technologies, Tata Motors on 25th September, 2023 delivered two first-of-its-kind, technologically advanced, safer, new-generation Hydrogen Fuel Cell powered buses to Indian Oil Corporation as part of a tender bagged in 2021.

Tata Motors is amongst country’s most innovative vehicle manufacturer and its research and development facilities have consistently developed and engineered innovative mobility solutions powered by alternate fuel technologies: battery-electric, hybrid, CNG, LNG, Hydrogen ICE and Hydrogen Fuel Cell technologies. The company is poised to continue the leadership with green technologies and has been leading the electrification journey in India for cargo and passenger transportation.

Indian EV Startup EVeium launches 2nd Experience Hub in Pune

Second Dealership in Pune will run under Sarnot Autolines

EVeium Smart Mobility- The Indian Brand of Elegant and premium EVs has launched a new experience hub in the city of Pune, Maharashtra. The experience hub will expose customers to the products and technology behind the array offered by the brand. The hub will be under the dealership name "Sarnot Autolines”

The hub is situated in the city at Survey No 694(A), Plot No. 10A Adarsh Co. OP Housing Sanstha Ltd. ,Near Dhone Automobiles, Pune 411037 in a prime area of marketyard which is a hub for automobiles showrooms. The experience hub offer the quality customer experience while a displaying scintillating array of vehicles by the brand.

 The experience Hub was launched in presence of Mr Santosh Dhone, MD of Dhone Group, Mr Aditya Reddy, VP, Sales & Marketing, EVeium Smart Mobility.

The Experience Hub, under the dealership of ‘EVeium – Sarnot Autolines’, showcases all 3 premium Electric Scooters from the brand, which include:

• Cosmo – Top Speed – 65 Kmph; Range – 80 km on a single charge; Price – Rs. 1,39,200
• Comet – Top Speed – 85 Kmph; Range – 150 km on a single charge; Price – Rs. 1,84,900
• Czar – Top Speed – 85 Kmph; Range – 150 km on a single charge; Price – Rs. 2,07,700

All prices, Ex-showroom, India (Without GST)

Sarnot Autolines and EVeium Smart Mobility have share the same spirit and values when it comes to presenting the concept of eMobility in India.

At the launch, Mr. Suyash Nilesh Sarnot of Sarnot Autolines said “A lot of brands have been providing customers with compromised products. Amidst this we were on a look for something premium and quality. EVeium’s products and technology fits the bill just right. We are glad to have partnered with the brand which leads the space in terms of innovation, style and prestige.”

One the Occasion of Experience Hub Launch Aditya Reddy, VP, Sales & Marketing, EVeium Smart Mobility affirmed “It is important for us to cater to the audience in Pune, which is one of the most aware cities in terms of EVs. The city has proved the innovation hub for EVs and we are getting very good response from the city in terms of product acceptation hence thought of starting the second dealership within a quarter. We aim at spreading our wings further in the city and gradually across the state. We have got a good response from other cities, and we expect nothing less as we make a mark in the silicon valley of India.”

EVeium will be focussing on exhibiting its technology embedded in its vehicles, in order to burst any myths associated with EVs.

About EVeium Smart Mobility

EVeium Smart Mobility is an electric 2-wheeler EV brand under the Ellysium Automotives. At EVeium Smart Mobility, our vision is to create clean energy and a sustainable ecosystem for easy adoption of a futuristic and safe way of electric commuting. Since the day we marked our journey, we have committed ourselves to ensuring that our products are environment friendly. EVEIUM is dedicated to offer a smart electric vehicle, as demonstrated by the optimal and smart battery, the choice of materials to offer durability, and they are designed to be truly sustainable!

Bengaluru Outrace Pune in Office Market Activity in H1 FY-2023

• With approx. 6.1 Mn sq. ft. new office completions & approx. 6.08 Mn sq. ft. absorption in H1 FY23, Bengaluru races far ahead in office activity in the period
• Pune saw just 0.85 Mn sq. ft. of new office completions & 1.35 Mn sq. ft. absorption in H1 FY23 - however, it also has the lowest office vacancy among the top 7 cities
• Avg. monthly office rentals in Bengaluru increased by 6% in H1FY23 against last year; Pune remains relatively cheaper
• IT-ITeS is still the top office space occupier in both Bengaluru & Pune; however, Bengaluru saw increased leasing activity in BFSI (nearly 30% share); in Pune, coworking & Manufacturing / Industrial comprised leasing share of 31% & 18%
• With a possible recession looming over the US in early 2023, both these markets' office space bears watching next year

While Bengaluru and Pune remain the top commercial office destinations for IT-ITeS and coworking occupiers, Bengaluru has overtaken Pune in overall office space activity. ANAROCK's India Office Market Update H1 FY23 indicates that with approx. 6.1 Mn sq. ft. of new office completions and approx. 6.08 Mn sq. ft. office absorption in H1 FY23, Bengaluru was far ahead of Pune in office activity. During the period, Pune saw a mere 0.85 Mn sq. ft. of new office completions and approx. 1.35 Mn sq. ft. of office space absorption in H1 FY23.

"However, Pune is ahead of its IT counterpart as far as office vacancy levels are concerned," says Prashant Thakur, Sr. Director - Research, ANAROCK Group. "At 7.8%, Pune's office vacancy rate is the lowest amongst all top 7 cities, including Bengaluru - which had an office vacancy of 10.9% in H1 FY23. Both cities recorded similar yearly growth of 6% in average monthly office rentals."

Both Pune and Bengaluru have seen the IT-ITeS sectors dominating office space demand over the last decade. However, Bengaluru has stood its ground despite past office demand slowdowns, including during the COVID-19 pandemic. It remains the country's most active office market with approx. 6.08 mn sq. ft. net absorption in H1 FY23 - the highest recorded in the city in the last six years.

“Going forward, to the backdrop of a possible recession in the US in early 2023, it will be interesting to see how far these two cities' office markets will be impacted," says Thakur. "There is considerable uncertainty in many global economies, including Europe and the US, as they battle high inflation."

Many multinationals and businesses have become cautious about expansion in such an environment. Many global tech giants have already started layoffs to curtail costs and weather-proof their balance sheets. Currently, the Indian economy is in a far stronger position than many of its western counterparts.

That said, India is not entirely decoupled from global markets, which provide it with a sizeable chunk of IT/ITeS business. Many corporate leasing decisions have already veered into the slow lane as they monitor global markets. This caution is likely to continue till early 2023.

Key Office Highlights

Bengaluru

• Approx. 6.1 Mn sq. ft. of new office supply was infused in the city in H1FY23 - at 26%, the 2nd highest share after Hyderabad among the top 7 markets. Y-o-Y, Bengaluru's new office supply witnessed a 16% dip. Driven by healthy fresh corporate leases, Bengaluru saw net office absorption surge to 6.08 Mn sq. ft in H1FY23, surpassing the absorption recorded in the corresponding period in FY22 by 90%
• Avg. monthly office rentals in the city during H1FY23 stood at INR 84 per sq. ft. and continue to harden in the key micro-markets due to rising office space demand. The city’s average office rentals increased by 6% over the corresponding period in the previous year. City-wide vacancy levels remained almost stable at 10.9% in H1FY23, a marginal change of 0.1% over H1FY22
• With 35% of the leasing market share, the IT-ITeS sector led office market occupancy in the first half of FY23, followed by the BFSI and coworking at 30% and 18%, respectively.

Bengaluru: Office Demand-supply Dynamics

Pune

• Approx. 0.85 Mn sf of new office supply entered the Pune market in H1FY23, declining by 32% over H1FY22. The city contributed the smallest share (4%) to India’s new office supply. On the net office absorption front, Pune saw net office absorption of 1.35 mn sq.ft.– the highest in the past six years. Absorption rose by 4% Y-o-Y in H1FY23 due to strong occupier demand
• Avg. monthly office rentals in H1FY23 increased by 6% to INR 74 per sq. ft. The city’s vacancy rate was pushed up by 3.3% - from 4.5% in H1 FY22 to 7.8% in H1 FY23
• The top three largest office space occupiers in H1FY23 were IT-ITeS, coworking spaces, and Manufacturing / Industrial, with leasing transactioin shares of 40%, 31%, and 18%, respectively

Pune: Office Demand-supply Dynamics

Download the complete report – India Office Market Update H1 FY23

Electric Motorcycle Maker Tork Motors Inaugurates Its 1st Experience Centre in Pune

• This introduction strengthens Tork Motors’ focus to offer an all-inclusive ownership experience to KRATOS customers
• Located near Law College in Pune, the touchpoint will serve as a one-stop shop for customers’ sales and after-sales requirements

India’s first and fast-growing electric motorcycle manufacturer, Tork Motors today introduced its first-ever experience centre in India. The new centre will display the revolutionary KRATOS of all the available colours, along with multiple test-ride options. Located near Law College in Pune, the centre will cater to a growing customer base for unmatched sales and after-sales experience.

Tork Motors Pune Dealership exterior

With an aim to offer a distinct ownership experience to the valued customers, the new centre will offer the best combination of digital and physical format. This modern format creates an enriching ownership experience for the customers with state-of-the-art concepts and designs, along with a team of a talented workforce.

On the occasion, Mr. Kapil Shelke, Founder and CEO of Tork Motors, said, “We are thrilled to introduce the first-ever Tork Experience centre in Pune for our customers. The centre is designed to offer a unique experience to Tork customers based in and around Pune. The showroom with its contemporary engagement features will offer a perfect mix of digital and physical rendezvous to the visitors. This inauguration is a step forward to achieving our strategic vision, as it will also serve as a model outlet for the business prospects. Going forward, we will offer this experience centre to other cities to cater to the growing popularity of KRATOS in the country.”

Tork Motors launched its first product – KRATOS and KRATOS-R in January, this year. The KRATOS is priced at INR 1,22,499 [ex-showroom after subsidy in Maharashtra] and KRATOS-R is priced at INR 1,37,499 [ex-showroom after subsidy in Maharashtra]. Consumers can book KRATOS and KRATOS-R by visiting the company's official website at www.booking.torkmotors.com

About Tork Motors Pvt. Ltd.

Tork Motors is India’s first electric motorcycle manufacturer, registered in the year 2006. The brand has a rich and glorious legacy of racing at the ‘Isle of Man and is backed by the Bharat Forge group. Kapil Shelke, the founder of Tork Motors has leveraged his racing experience in making the brand India’s top electric vehicle manufacturer. Tork Motors has filed more than 50 patents and designs under IPR (Intellectual Property Rights bolstering its R&D and cutting-edge technology since its inception. To know more about the company, visit: www.torkmotors.com

Pune-based EV Tech Startup Weber Drivetrain Launches State-of-the-Art Automated Manufacturing Facility for BLDC Hub Motor and Controller

WDPL Manufacturing Unit

Weber Drivetrain is Co-founded by Mr Prashant shete and Mr Sachin Jain. Mr Prashant Shete, is a veteran in the automobile Industry with 24 years of experience and 5 years in setting up the greenfield projects in the electric vehicle segment

The brand has committed a total investment of 35 crores in Phase 1 for the establishment of a manufacturing unit for 100% Made in India BLDC HUB Motors and Controllers for Electric Vehicles with a high-end configurated, fully automatic Production Line.

Weber Drivetrain, a technology-driven EV startup for sustainability has announced official launch with its state-of-the-art automated manufacturing facility based in Chakan MIDC, Pune, Maharashtra. Weber Drivetrain is Co-founded by Mr Prashant shete and Mr Sachin Jain. Mr. Prashant Shete is an automobile industry veteran with a stellar track record of 24 years and 5 years in the electric vehicle segment. Being an experienced professional, Prashant has accomplished a total of six greenfield electric vehicle projects.

Through a combination of in-house and collaborative R&D, Weber Drivetrain has committed a total investment of 35 crores in Phase 1 for the establishment of a manufacturing unit under the “MAKE IN INDIA” initiative for the future of E-Mobility. The manufacturing plant will incorporate major automation integration, including the latest semi-robotics and cutting-edge manufacturing machinery, to produce 100% Made in India BLDC HUB Motors and Controllers for Electric Vehicles in accordance with Indian market regulatory standards.

WDPL Motor

The manufacturing facility, under the initiative of Atmnirbhar Bharat, is all geared up to provide a wide range of products ranging in capacity from 0.25 kW to 4 kW and capable of serving multiple segments such as E-bicycles, E-Scooters, and E-Motorcycles. The Weber Drivetrain team, led by Prashant Shete, has extensive experience and expertise in EV parts and production and will also facilitate end-to-end vehicle integration solutions to vehicle manufacturing OEMs. Weber Drivetrain is expected to launch its product offering and solutions by December 2022.

“We are extremely proud and excited to mark our first steps into the Indian EV market. As minimizing barriers to electric vehicle adoption is critical to meeting India’s ambitious greenhouse gas reduction goals, Weber Drivetrain is poised to offer a widespread, realistic solution to mass EV adoption in the country. Our mission is not only to have a strong influence on the EV industry but to also support and encourage every positive EV growth initiative in India and beyond. Additionally, given the unemployment problem, the manufacturing unit will also contribute to the creation of jobs opportunity in the state.” Said, Prashant Shete, founder and MD, Weber Drivetrain.

Weber Drivetrain Pvt. Ltd. is a technology-driven organization in the Design, Development, Testing, Validation and Manufacturing of electric motors and controllers for electric vehicles. Moreover, the company has a strategic partnership for Design and Development for BLDC Motors with Shinwin Motors, a leading Chinese electric vehicle motor manufacturer with a yearly output of 10 million motors and a turnover of 600 million USD. Under their joint initiative, BLDC motors and controllers will be designed and developed to address the specific requirements of the Indian market.

DXC Technology and NASSCOM Foundation Inaugurate Digital Training Center for Women Engineering Students in Pune

Representational Image

Digital training centers will be launched across seven other women engineering colleges across India; the first center was launched in Hyderabad

Centres will contribute to the government's Digital India mission by building the technical capabilities of students

Encouraging women's participation in digital learning in India is key, hence all the exclusive collaboration with women engineering colleges

DXC Technology, in association with NASSCOM Foundation, jointly inaugurated their second Digital Training Centre at the Cummins College of Engineering for Women, Pune, to enhance technical capabilities and digital learning amongst students. After the successful launch of the first Digital Training center in Hyderabad last month, eight other similar centers in colleges across the country are being planned to aid digital training in emerging technologies.

Cummins College's digital training center was formally inaugurated in the presence of Kartik Iyer, Director of Operations - GDN, DXC Technology, Santosh Rao Manager skilling programs, NASSCOM Foundation, and Dr. Madhuri Khambete, Principal Cummins College. The inaugural session was also attended by other dignitaries from TMIe2E and faculties and students at the college.

Under this initiative, similar digital centers will also be inaugurated subsequently in the following seven institutions:

• Gayatri Vidya Parishad College of Engineering for Women, Vishakhapatnam
• Bhoj Reddy Engineering College for Women, Hyderabad
• Ravindra College of Engineering for Women, Kurnool
• Godutai Engineering College for Women, Kalabutagi
• Mody Universities, Jaipur
• Banasthali Vidyapeeth Engineering College, Jaipur
• Mahendra Engineering College for Women, Salem

As a part of the Technology Skilling Initiatives Program executed by TMIe2E, state-of-the-art tech-enabled centers have been established for engineering students to hone their technical skills and educate, engage, and elevate them to be future-ready in the evolving digital environment. Students can also acquire industry-relevant abilities by combining developing technologies, including Artificial Intelligence, Machine Learning, Cloud Computing, etc., with management education. The centers can also be utilized for various events, including IdeaThons and Hackathons.

Lokendra Sethi, Head of HR – DXC Technology, India, said, "While enabling the accessibility of the right knowledge and life skills is at the core of our CSR vision, there is also the larger goal of nation building by empowering the youth; and especially the women of India to become self-reliant. With this collaboration with NASSCOM Foundation, we are reaching out to women engineering students across the country to provide them with the necessary digital skills and competencies to make them future-ready. Digital learning is the right next step in the overall advancement of our youth and therefore the key to a stronger India."

Nidhi Bhasin, CEO of NASSCOM Foundation, said, "While most of India's population comprises the youth, it faces the challenge of future-proofing the potential of its talent and leveraging the demographic dividend. The existing skill gap has challenged the progress of youth as well as the supply of talent for businesses. To bridge this gap, prioritizing digital learning through establishing digital centers will cater to the much-needed skills amongst students, especially women, for the ever-growing futuristic technological industry. We are honored to partner with DXC Technology to collaborate on an initiative that fosters young minds and encourages them to embrace rapid technological advancements to deliver to national and global needs."

Reports suggest that the market for digital transformation solutions will grow globally by 15.6% by 2030. With the increased adoption of digitization through the COVID-19 crisis, the pace of technology adoption has increased manifold across industries. Therefore, digital and technology expertise will form the bulk of employable skills in demand in the future. To empower the youth in educational institutions, especially women, with cutting-edge future skills and modern techno-digital solutions such as AI, ML is bound to go a long way in strengthening and shaping their future.

About DXC Technology:

DXC Technology (NYSE: DXC) helps global companies run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private, and hybrid clouds. The world's largest companies and public sector organizations trust DXC to deploy services to drive new levels of performance, competitiveness, and customer experience across their IT estates. Learn more about how we deliver excellence for our customers and colleagues at DXC .com.

About NASSCOM Foundation:

Established in 2001, NASSCOM Foundation has been witness to the transformative power of technology for the last 20 years. Part of the NASSCOM ecosystem, we are the only neutral, not-for-profit outfit representing the Indian tech Industry. We remain rooted in our core philosophy of TechForGood, where our efforts are focussed on unlocking the power of technology by creating access and opportunity for those who need it the most. We work on helping people and institutions transform the way they tackle social and economic challenges through technology. We have three key areas of intervention, Digital Literacy, Skilling and Employability, and Women Entrepreneurship.

British Premium EV Brand One Moto India Opens its Experience Hub in Pune

(L-R) Mohammed Muzammil Riyaz, Founder & Promoter of One Moto India, Syed Hussain Ali Khan, GM, Global Operations, One Moto India, Mr. Santosh Dhone from Dhone E-World LLP, Dr. Suhas Hardas, M.D(Med) D.M(Cardiology), FICCA (Australia), Aditya Reddy, Vice President, Sales & Marketing, One Moto India

First Dealership of Maharashtra under Dhone E-World

One Moto India - The first-ever British Brand of Elegant and premium EVs in India has launched a new experience hub in the city of Pune, Maharashtra. The experience hub shall allow customers to visit and experience the products of the brand and also gain more knowledge of the technology and offerings. The hub will be managed by Dhone Group under its registered name Dhone E- World LLP.

The hub is situated in the heart of the city at DECCAN and is in proximity to leading educational institutes and universities, thus very accessible for the youth. The experience hub will ensure the best customer experience with the finest digital displays of the vehicles, along with elaboration on the brand’s legacy. The college students will also be able to enjoy exclusive test rides specially organised for them over weekends.

(L-R) Aditya Reddy, Vice President, Sales & Marketing, One Moto India, Dr. Suhas Hardas, M.D(Med) D.M(Cardiology), FICCA (Australia),  Syed Hussain Ali Khan, GM, Global Operations, One Moto India, Mohammed Muzammil Riyaz, Founder & Promoter of One Moto India, , Mr. Santosh Dhone from Dhone E-World LLP

The experience Hub was inaugurated in the presence of renowned cardiologist from Pune Dr. Suhas Hardas, M.D(Med) D.M(Cardiology), FICCA (Australia), senior management from One Moto India and Dhone Group.

The Experience Hub, under the dealership of ‘One Moto India – Dhone E-World’, showcases all 2022 premium Electric Scooters by One Moto Brand, which include:

• Commuta – Top Speed – 75 Kmph; Range – 100 km on a single charge; Price – INR 1,36,500
• Byka – Top Speed – 85 Kmph; Range – 180 km on a single charge; Price – INR 1,83,750
• Electa – Top Speed – 100 Kmph; Range – 150 km on a single charge; Price – INR 1,99,500

*All prices are, Ex-showroom, India.

One the Occasion of Experience Hub Launch Mohammed Muzammil Riyaz, Founder & Promoter of One Moto India affirmed “We understand that the youth is the driver of the country for a better tomorrow. Hence, we always wanted to introduce the concept to this segment of the society, and provide them with the finest experience. It gives us great pleasure to be associated with ‘Dhone Group’. Our customer service philosophy is in tandem with the principles of our Dealer Partner. The staff at One Moto India Pune Experience Hub is well trained to offer the quality customer experience with the best after-sale service which allow the customer to enjoy the best-in-class stress-free EV ownership.”

Dhone GROUP and One Moto have certain common set of values, looking at which Dhone group is appointed as distributor for Maharashtra and Goa.

At the inauguration, Dr. Suhas Hardas, M.D(Med) D.M(Cardiology), FICCA (Australia) said “This is the time when we all need to get together for the EV adoption to achieve the e-mobility mission settled by our government. Brands like One Moto India and Dhone Group contribute to this mission by providing nice quality products with cutting edge technology.

One Moto India will not only be focussing on showcasing the products but also the technology behind the vehicles. The brand shall also have a dedicated zone to display the components of the vehicle aiming at extending the transparency and quality.

Mr. Santosh Dhone from Dhone E-World LLP, said, “We are absolutely thrilled to bring premium Electric Scooter Brand One Moto to Pune. It is an honour to have been associated with One Moto India, and I would like to take this moment to welcome you to the Dhone E-World, which is home to Premium best in class Electric Scooters. We have strategically established the experience hub in this location where youngsters form the majority of the crowd. We are sure that we will be able to offer an everlasting experience to them which will further be carried in the word.”

Pune city has always been a knowledge centre in itself and attracts youth. Following the fact, the brand targets to launch a second dealership in the city soon.

About One Moto India

One Moto Is A British Mobility Company Shaping And Electrifying The Last-Mile With Iconic Electric Motorcycles, Bikes, And Scooters. One Moto forayed in India and is promoted by Ellysium Automotives. The brand has launched 3 products for Indian consumers and weaved a strong network of 75 Dealers, the brand is headquartered in Hyderabad, Telangana.

About DHONE Group

DHONE GROUP has been in the auto trade for more than two decades, and is managed under the leadership of Mr. Santosh Dhone. The group has been associated with renowned automobile brands like Royal Enfield, Suzuki, Kia Motors, Piaggio Electric Commercial and Ford in Pune.