Tesla to Open Costliest Mumbai Showroom on July 15: Key Real Estate Details
Tesla is set to launch its first showroom in Mumbai on July 15, marking its formal entry into India's booming automobile market. The company has secured prime real estate in Mumbai's Bandra Kurla Complex and is preparing to establish a robust presence in the country.
TeslaMumbaiShowroomReal EstateElectric VehiclesReal Estate MumbaiJul 12, 2025
According to an HT.com report citing Bloomberg, Tesla has already shipped five Model Y units from its Shanghai plant to Mumbai. Each vehicle was declared at ₹27.7 lakh (approximately $31,988), but steep import duties of over ₹21 lakh per unit, due to India’s 70% tariff on fully built imported cars, significantly increase the cost.
1) Tesla's Mumbai Showroom in Bandra Kurla Complex
According to property registration documents accessed by CRE Matrix, Tesla took 4,000 sq ft of showroom space in India's costliest commercial district, BKC, in Mumbai, for ₹23.38 crore for five years in February 2025. The space has been taken on rent by Tesla along with two car parking spaces, and the per sq ft rent works out to be ₹881, the documents showed. The amount sets a national record in terms of lease rentals and makes it the most expensive auto showroom lease deal in the country by far, experts have said. The showroom space has been rented out in a commercial building named Maker Maxity on North Avenue.
2) Flexi Office Space in BKC
Tesla has also secured 30 seats in a managed office space near Mumbai's Bandra Kurla Complex, the most expensive business district in India. According to sources, the space has a monthly rent of ₹3 lakh. The 30 seats are leased in a co-working office located in Phoenix Market City with a rent of ₹3 lakh per month. The lease agreement is for one year and comes with a three-month lock-in period.
3) Tesla's Dedicated Vehicle Service Centre in Mumbai
According to property registration documents accessed by CRE Matrix, Tesla India Motor and Energy Pvt Ltd leased 24,565 sq ft of warehouse space for use as a service centre at Lodha Logistics Park in Mumbai’s Kurla area in May 2025 for a five-year total rent of ₹24.38 crore. The transaction 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.
4) Tesla's Real Estate Properties in Close Proximity in Mumbai
The warehouse, showroom, and flex office space, all three real estate properties taken on rent by Tesla, are within a 10-km radius of each other and around BKC.
5) Tesla's Delhi Real Estate Portfolio
According to sources, Tesla has finalised a showroom space in Delhi measuring around 4000 sq ft, and the rent is around ₹25 lakh per month. The showroom space is in the Aerocity area, a Brookfield property near New Delhi's Indira Gandhi International Airport (IGI). Meanwhile, Tesla could not be reached for a comment.
Frequently Asked Questions
When is Tesla's first showroom opening in Mumbai?
Tesla's first showroom in Mumbai is expected to open on July 15, 2025.
Where is the Tesla showroom located in Mumbai?
The Tesla showroom is located in the Bandra Kurla Complex (BKC) in Mumbai, specifically in a commercial building named Maker Maxity on North Avenue.
How much did Tesla pay for the lease of its Mumbai showroom?
Tesla paid ₹23.38 crore for a five-year lease of 4,000 sq ft of showroom space in BKC, Mumbai.
What other real estate properties has Tesla leased in Mumbai?
In addition to the showroom, Tesla has leased 30 seats in a co-working office space in Phoenix Market City and a 24,565 sq ft warehouse space for a service centre at Lodha Logistics Park in Kurla.
Where is Tesla's Delhi showroom located?
Tesla's Delhi showroom is located in the Aerocity area, a Brookfield property near New Delhi's Indira Gandhi International Airport (IGI).
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