Welspun One Logistics Parks (WOLP) has partnered with Montra Electric, the electric vehicle arm of Murugappa Group, to develop a built-to-suit warehousing and assembly space in Chennai. The facility, spread over 3 lakh sq ft, will include a retail experience center and dedicated assembly space for small commercial electric vehicles. It is expected to commence operations by the second quarter of 2024. WOLP s logistics and warehousing park in Chennai is part of a Rs 2,500 crore investment memorandum of understanding with the government of Tamil Nadu. WOLP aims to create a portfolio of 16-18 million sq ft over the next few years.