Tesla’s entry into the Indian market continues to gain momentum with the electric vehicle (EV) giant leasing a new commercial space in Kurla West, central Mumbai. The newly acquired 24,500 sq. ft facility, located in Macrotech Developers’ Lodha Industrial and Logistics Park, will serve as a dedicated vehicle service center—Tesla’s first such facility in the country.
This marks Tesla’s fourth commercial footprint in India, following the establishment of its engineering hub in Pune, its registered office in Bengaluru, and a short-term office in Bandra Kurla Complex (BKC). Notably, this is the second deal concluded by Tesla within the last two months, highlighting the company’s growing focus on operational readiness in India.
According to documents accessed by CRE Matrix, the lease agreement, signed by Tesla India Motor & Energy, spans five years with a starting monthly rent of Rs 37.53 lakh. The total rental commitment over the lease term exceeds Rs 24 crore. The license period commenced on April 20, with a rent-free phase lasting one month and ten days. Rent payments began on June 1. The lease includes an annual 5% escalation in rent and Rs 10 per sq. ft Common Area Maintenance (CAM) charges, which will also escalate by 5% annually.
This strategic move comes soon after Tesla secured its first showroom space in India at BKC, setting a record for lease rentals at Rs 881 per sq. ft per month. With this new facility, Tesla is laying the groundwork for its long-term operations in the country.
Tesla’s recent activity suggests a renewed commitment to India, particularly in light of recent policy changes aimed at attracting global EV manufacturers. The developments follow CEO Elon Musk’s meeting with Prime Minister Narendra Modi during his US visit, a turning point in Tesla’s approach toward the Indian market.
As the government continues to ease import duties and encourage local production, Tesla’s growing footprint could signal the beginning of a robust EV ecosystem in India.
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