Tesla Takes Major Step in Indian Real Estate with New Warehouse in Mumbai
Tesla India has leased a 24,565 sq. ft commercial space in Kurla, Mumbai, for its first warehousing facility in the country, signaling a significant move towards its official entry into the Indian market.
TeslaReal EstateMumbaiElectric VehiclesWarehousingReal Estate MumbaiJun 03, 2025
According to documents reviewed by CRE Matrix, a real estate data analytics firm, Tesla India Motor & Energy Pvt Ltd signed a lease agreement on May 16 with Bellissimo – City FC Mumbai 1 Pvt Ltd for a 24,565 sq. ft space at Lodha Logistics Park, located in Kurla West, Mumbai.
As per the lease agreement, Unit G-101 and G-102 on the ground floor of Building 1 will serve as a retail showroom. The agreement comes with 20 dedicated car parking slots, and the license commencement date is set for April 20, 2025, CRE Matrix added.
The lease spans five years, with Tesla India entitled to a rent-free fit-out period of a month and 10 days. The rent commencement date is June 1, 2025. The starting monthly rent is pegged at ₹37.53 lakh, which equates to ₹153 per sq. ft.
The lease includes an annual rent escalation of 5%, and common area maintenance (CAM) charges are fixed at ₹10 per sq. ft., also subject to a 5% annual increase, claimed CRE Matrix as per the lease documents.
Tesla has mentioned that the facility will be used for business of sales, service, and delivery of electric vehicles, energy products, and ancillary products and services, CRE Matrix added. With this, it is likely to be the third showroom space that Tesla is understood to have picked up in the country.
This is not Tesla’s first foray into Indian real estate. In October 2023, the company leased a 5,850 sq. ft office space in Panchshil Business Park, Viman Nagar, Pune, from Tablespace Technologies Pvt Ltd for a monthly rent of around ₹11.65 lakh. That lease was also for a five-year period, with a similar 5% annual escalation clause.
Earlier this year, Tesla also secured a deal to establish its first showroom in Mumbai's Bandra Kurla Complex (BKC). For the property at BKC, the lease was reportedly among the highest for a commercial space in the country. This showroom is pegged to be spread across 4,000 sq ft space on the ground floor of a commercial tower in BKC, where it will showcase its car models, reports had claimed. The monthly lease rent is approximately ₹900 per sq ft, amounting to around ₹35 lakh per month. The lease is set for a five-year term, reports said.
Tesla is also reportedly planning to open another showroom in Delhi’s Aerocity.
Tesla India was incorporated in January 2021, but its real estate moves have only accelerated recently as the company gears up to officially enter the Indian EV market. In April 2024, multiple reports indicated that Tesla is also in advanced talks with various Indian states to set up its first manufacturing and assembly plant in the country.
The latest lease for the Mumbai showroom is a strong signal of Tesla's readiness to establish a retail footprint in major Indian metros ahead of its product launch, expected sometime in late 2025 or early 2026.
“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’s a signal of intent. Backed by data, we’re witnessing Tesla build a high-impact EV ecosystem across India, anchored by prime commercial and logistics assets,” said Abhishek Kiran Gupta, CEO, CRE Matrix.
Frequently Asked Questions
What is Tesla's latest real estate move in Mumbai?
Tesla has leased a 24,565 sq. ft commercial space in Kurla West, Mumbai, for its first warehousing facility in the country. This lease is a significant step towards its official entry into the Indian EV market.
When will the lease for the Tesla warehouse in Kurla commence?
The lease for the Tesla warehouse in Kurla West, Mumbai, is set to commence on April 20, 2025, with a rent-free fit-out period of a month and 10 days.
How much is the monthly rent for the Tesla warehouse in Kurla?
The starting monthly rent for the Tesla warehouse in Kurla West, Mumbai, is ₹37.53 lakh, which equates to ₹153 per sq. ft.
What other locations has Tesla leased in India?
Tesla has leased a 5,850 sq. ft office space in Panchshil Business Park, Viman Nagar, Pune, and a 4,000 sq ft showroom space in Bandra Kurla Complex (BKC), Mumbai. It is also planning to open a showroom in Delhi’s Aerocity.
What is the expected timeline for Tesla's entry into the Indian EV market?
Tesla is expected to officially enter the Indian EV market sometime in late 2025 or early 2026, with its retail and warehousing facilities in key cities like Mumbai and Pune.
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