Archive · 11 Jun 2025
Tesla Leases Mumbai Warehouse for India Entry
Tesla, the electric vehicle company, is expanding its presence in India by renting a large warehouse in Mumbai.
This is part of Tesla's plan to enter the Indian market, which includes renting a showroom and office space.
The warehouse lease is worth a lot of money, and the company will pay a certain amount each month, with the price going up each year.
The warehouse is near other important places in Mumbai, showing Tesla's commitment to the city.
Although they are expanding in retail and office spaces, Tesla has no current plans to set up production units in India.
Tesla leased a 24,565 sq ft warehouse in Mumbai's Kurla West.
The five-year lease deal is valued at Rs 24.38 crore.
The lease commences April 20, 2025, with a chargeable period from June 1, 2025.
Tesla will initially pay a monthly rent of over Rs 37.53 lakh, increasing 5% annually.
The warehouse is located approximately 4 km from the U.S. Consulate in BKC.
- Who
- Tesla India Motor and Energy Pvt Ltd.
- What
- Tesla leased a warehouse.
- When
- The lease was registered on May 16, 2025, with the licence period commencing on April 20, 2025.
- Where
- Mumbai, India.
- Why
- To build a robust EV ecosystem anchored by prime logistics and commercial assets.
- Warehouse Size
- 24,565 sq ft
- Location
- Mumbai's Kurla West
- Lease Value
- Rs 24.38 crore
- Lock-in Period End
- April 19, 2030
- Initial Monthly Rent
- Rs 37.53 lakh+
- Annual Rent Increase
- 5%
- Chargeable Licence Start
- June 1, 2025