Pune and Bangalore are the German bridgeheads in India. There are at least 400 subsidiaries of German companies in the Pune area, mostly automotive tier 2's, light machining and engineering.
As costs in B'lore go through the roof ( currently 400 €/m2 for industrial property = higher than in Germany ) many German companies are thinking to move to greener ( cheaper ) pastures further North. Pune is great and has a good technical skill base.
Congrats to LH to have spotted this niche!
Frank