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The partnership introduces CAPEX-light, OPEX-aligned leasing solutions to boost adoption of modern intralogistics equipment across high-growth sectors

Godrej Enterprises Group and Tata Capital have entered into a strategic partnership to accelerate India’s intralogistics transformation by introducing structured finance lease solutions—an emerging and differentiated model in the Indian forklift and material handling equipment market. The collaboration enables businesses to scale operations without large upfront capital expenditure and aims to finance lease assets worth ₹100 crore over the next three years.

With sectors such as e-commerce, pharmaceuticals, retail, logistics, and manufacturing rapidly shifting to electric, lead-acid and lithium-ion forklifts, the higher upfront CAPEX, typically 50–60% more than diesel trucks, often slows adoption. Leasing eliminates this barrier, allowing enterprises to transition to modern, energy-efficient intralogistics equipment and upgrade from generic to application-specific solutions.

Godrej’s Material Handling Business has consistently pioneered industry-first solutions, from indigenous lithium-ion forklifts with Indian BMS to fleet management systems, rental models, and customised maintenance contracts. Building on this legacy, the introduction of finance leasing, still nascent in India’s intralogistics space, will help customers scale faster with new technologies.

Under this model, Tata Capital leases Godrej forklifts to customers over 3–5-year terms with predefined buyback values. The shift from CAPEX to OPEX offers predictable monthly outflows and provides an estimated 6% cost advantage over outright purchase, while complementing Godrej’s existing purchase and rental offerings.

Anil Lingayat, Business Head, Intralogistics (Material Handling) Business, Godrej Enterprises Group, said, “As businesses transition to electric and lithium-ion forklifts and specialised solutions, upfront CAPEX becomes a significant hurdle. Our alliance with Tata Capital removes this barrier by offering safety-led, Indian-engineered intralogistics equipment through predictable OPEX-based leases. With Godrej ensuring lifecycle service and Tata Capital enabling asset value, customers can focus on growth while we help drive long-term supply chain productivity. This is Make in India innovation with customer centricity at its core.”

Narendra Kamath, COO - SME Finance, Tata Capital, said, “At Tata Capital, our equipment financing and leasing solutions are designed to help businesses access the right assets through flexible, customer-centric models. Through this partnership with Godrej Enterprises Group, we aim to widen access to high-quality intralogistics equipment, support OPEX-based operations, and help companies modernise while preserving working capital.”

This financing solution aligns with national priorities under the National Logistics Policy and PM Gati Shakti, which aim to enhance supply chain efficiency and reduce logistics costs to global benchmarks. Recent assessments peg India’s logistics cost at ~8% of GDP, reflecting structural improvements across the ecosystem.