NIFCO India, part of Japan’s NIFCO Inc, has signed a long-term lease with Inspira Realty for a 5.13-acre industrial site at its Shendra MIDC industrial and warehousing park in Chhatrapati Sambhaji Nagar. This expansion aims to enhance the automotive component manufacturer’s production capabilities in India.
The area spans 2,23,561 sq. ft. and will accommodate the company’s fourth manufacturing facility in India, further bolstering its existing production network to meet the rising demand from local automakers.
“India remains a strategically vital market for NIFCO due to continuous growth in the automotive sector and changing customer needs. Our new facility underscores our commitment to enhancing local production and better supporting our OEM partners,” stated Uday Shankar, Managing Director of NIFCO India.
NIFCO Inc. is a Japan-based manufacturer specializing in plastic fasteners, clips, and functional components for the automotive industry, operating in over 30 countries. Its Indian division supplies components to local automotive original equipment manufacturers (OEMs).
“We’re particularly encouraged by the rising interest among Japanese manufacturers, known for their demanding industrial requirements,” remarked Aayush Madhusudan Agrawal, Founder & MD of Inspira Global.
The forthcoming facility at Inspira City is expected to enhance NIFCO India’s manufacturing capacity and support the growing production needs of its OEM clients.
This transaction marks the third entry of a Japanese company at Inspira City, following NHK Springs Co. Ltd. and Aisin Automotive India Pvt. Ltd., indicating a growing presence of Japanese manufacturers in the industrial park.
India’s industrial and warehousing sector continues to experience robust leasing demand, driven by manufacturing expansion, supply chain diversification, and growth across automotive, engineering, and e-commerce sectors. Key markets such as Mumbai, Pune, Chennai, Bengaluru, and the National Capital Region remain significant hubs for tenancy activity.
The sector has also attracted considerable institutional investment, with developers and global investors expanding their portfolios in response to sustained demand for Grade A industrial parks and modern warehousing facilities.
