Tesla Secures 24,565 sq ft Warehouse in Mumbai’s Kurla for ₹24.38 Crore Over Five Years
Elon Musk's Tesla India Motor and Energy Pvt Ltd has leased a significant warehouse space in Mumbai’s Kurla area, signaling a strategic expansion in the Indian market.
TeslaMumbaiKurlaWarehouseReal EstateReal Estate MumbaiJun 03, 2025
The documents showed that the leased space includes two ground-floor units with a combined carpet area of over 18,000 sq ft and a chargeable area exceeding 24,000 sq ft. The starting monthly rent is over ₹37.53 lakh for the first year, with a 5% annual escalation, bringing the total rent over the five-year lease period to more than ₹24 crore.
In addition, Tesla will pay ₹1.62 crore in common area maintenance charges over five years and has provided a security deposit of ₹2.25 crore, according to the documents. The lease agreement was registered on May 16, 2025. The license period begins on April 20, 2025, while the chargeable license period starts from June 1, 2025.
The lease includes a full five-year lock-in period, ending on April 19, 2030. The documents also show that the agreement covers the warehouse space along with 20 parking spots. An email query sent to Macrotech Developers, also known as Lodha Group and Tesla's representative who signed the agreement, did not receive a response. If a response is received, the story will be updated.
Abhishek Kiran Gupta, CEO, CRE Matrix said, “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, Mumbai. This 24,565 sq ft lease at ₹153 per sq ft is more than a real estate transaction — it is a signal of intent. Backed by data, we are witnessing Tesla build a high-impact EV ecosystem across India, anchored by prime commercial and logistics assets,” Gupta said.
Elon Musk-owned Tesla is reportedly not keen on setting up manufacturing and production units in India. As per the statement from Union minister for heavy industries HD Kumaraswamy, Tesla is only interested in expanding its showrooms in India. This strategic move aligns with Tesla’s broader plans to establish a strong presence in the Indian market through various commercial and logistics assets.
Earlier, in March 2025, Tesla had taken 4,000 sq ft of showroom space in India's costliest commercial district, Bandra Kurla Complex (BKC), in Mumbai, for ₹23.38 crore for five years, according to property registration documents accessed by CRE Matrix. Tesla rented a space in a commercial building named Maker Maxity on North Avenue in BKC, along with two parking spaces. The per sq ft rent works out to be ₹881, the documents showed. The amount set a national record in terms of lease rentals and made it the most expensive auto showroom lease deal in the country by far, experts had said.
In April 2025, Tesla had secured 30 seats in a managed office space near Mumbai's BKC, the most expensive business district in India, with a monthly rent of ₹3 lakh, according to an HT.com report. The newly leased warehouse, showroom, and flex office space in BKC are all within a 10-km radius of each other. The newly leased warehouse space is around 4 km from the US Consulate in BKC, Mumbai.
Frequently Asked Questions
What is the total area of the warehouse space leased by Tesla in Kurla, Mumbai?
Tesla has leased 24,565 sq ft of warehouse space in Kurla, Mumbai.
What is the total rent Tesla will pay for the warehouse space over five years?
The total rent Tesla will pay for the warehouse space over five years is ₹24.38 crore.
What is the starting monthly rent for the warehouse space?
The starting monthly rent for the warehouse space is over ₹37.53 lakh.
Does Tesla plan to set up manufacturing units in India?
According to Union minister for heavy industries HD Kumaraswamy, Tesla is not interested in setting up manufacturing and production units in India and is focusing on expanding its showrooms.
Where is the newly leased warehouse space located in relation to the US Consulate in BKC, Mumbai?
The newly leased warehouse space is around 4 km from the US Consulate in BKC, Mumbai.
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