Tesla Expands in India with New Lease in Mumbai's Lodha Logistics Park
Tesla has leased 24,565 sq. ft. of space at Lodha Logistics Park in Mumbai, signaling its commitment to expanding its footprint in India. The five-year lease, signed in May, is part of Tesla's broader strategy to establish a robust presence in the country.
TeslaReal EstateIndiaElectric VehiclesExpansionReal Estate MumbaiJun 03, 2025
The five-year lease was signed between Tesla India Motor & Energy Pvt. Ltd and Lodha Developers and was registered on May 16. According to documents accessed by CRE Matrix, a real estate data analytics firm, Tesla will pay a starting monthly rent of ₹37.53 lakh, totaling over ₹24 crore over the lease term.
A source familiar with the development suggested that the leased space may serve as a service center for Tesla's electric vehicles. The company may also consider expanding within the facility in the future.
This deal marks Tesla’s third lease in Mumbai this year. In addition to a 30-seater office in a co-working center in Kurla, Tesla also secured space in the high-profile Maker Maxity complex in Bandra-Kurla Complex (BKC) at a record rate of ₹881 per sq. ft.
Lodha Logistics Park is a 400,000 sq. ft in-city distribution center designed to meet the last-mile delivery needs of e-commerce, quick-commerce, and cloud kitchen firms.
Beyond Mumbai, Tesla leased 5,850 sq. ft. of office space in Pune last year and has recently taken showroom space in Delhi.
“Tesla’s India entry is taking shape through a deliberate, multi-city rollout—from its office in Pune to flagship showrooms in BKC and Delhi-NCR, co-working presence in BKC, and now a strategic warehousing facility in Kurla West,” said Abhishek Kiran Gupta, CEO of CRE Matrix. “This 24,565 sq. ft. lease at ₹153 per sq. ft. is more than a real estate transaction—it’s a signal of intent. We’re witnessing Tesla build a high-impact EV ecosystem across India, anchored by prime commercial and logistics assets.”
However, questions remain about Tesla’s manufacturing plans. On Monday, Union minister for heavy industries H.D. Kumaraswamy stated that the company has not expressed interest in participating in the government’s scheme to promote domestic EV manufacturing (SPMEPCI).
Frequently Asked Questions
What is the size of the space Tesla leased in Mumbai's Lodha Logistics Park?
Tesla leased 24,565 sq. ft. of space at Lodha Logistics Park in Mumbai’s Kurla West.
What is the duration of the lease and the monthly rent?
The lease is for five years, and Tesla will pay a starting monthly rent of ₹37.53 lakh, totaling over ₹24 crore over the lease term.
What potential use does Tesla have for the leased space?
The leased space may be used as a service center for Tesla's electric vehicles, with the possibility of future expansion.
Where else has Tesla leased space in India?
Tesla has also leased space in Pune, Delhi, and other locations in Mumbai, including a co-working center in Kurla and space in the Maker Maxity complex in BKC.
What is the current status of Tesla's manufacturing plans in India?
As of the latest update, Tesla has not expressed interest in participating in the government’s scheme to promote domestic EV manufacturing (SPMEPCI).
Related News Articles
Maharashtra's Real Estate Market Sees Upsurge in Property Registrations
Maharashtra's real estate market experiences a boost in property registrations and revenue despite unchanged RR rates, indicating a shift towards high-value transactions.
Top Stock Picks for Short-Term Gains: Bajaj Finserv, HDFC Life, HDFC Bank, and LIC Housing Finance
Market tech analysts Soni Patnaik, Mitessh Thakkar, and F&O analyst Rajesh Palviya recommend these stocks for short-term gains.
3 Financial Stocks Show Promise, Real Estate Overhyped: Samir Arora
Samir Arora, Founder of Helios Capital, highlights the potential of some NBFCs and microfinance companies, while expressing concerns about the real estate sector being overdone. He believes that HDFC Bank, Kotak Bank, and Bajaj Finance, which have underpe
NBT Office Relocation and Pune Book Festival Expected to Draw 7.5 Lakh Visitors
The National Book Trust (NBT) is set to shift its office to the city, a move that coincides with the highly anticipated Pune Book Festival. The festival, expected to attract 7.5 lakh visitors, is a significant cultural event that showcases a wide array of
Metro Brands Promoters Acquire Five Luxury Apartments in Mumbai's Worli for ₹405 Crore
The promoters of footwear retailer Metro Brands have made a significant investment in Mumbai's luxury real estate market by purchasing five apartments in the Worli area for ₹405 crore. These apartments are located in one of the city's tallest buildings, P
Maharashtra Real Estate: Majority of Developers Update Project Details for MahaRERA Compliance
A significant number of real estate developers in Maharashtra have taken steps to improve their compliance with the Maharashtra Real Estate Regulatory Authority (MahaRERA) by updating their project details. This move reflects a growing commitment to trans