Tesla secures strategic 5-year warehouse lease in Mumbai amidst expansion plans
Tesla has leased a 24,565 square foot property in Mumbai for warehousing purposes. (REUTERS) Notify me
Tesla India has taken on lease 24,565 square feet warehousing space in Lodha Logistics Park in Mumbai at a starting monthly rent of ₹ 37.53 lakh, according to CRE Matrix.
Real estate data analytics firm CRE Matrix has reviewed the registration documents.
Tesla India Motor & Energy Pvt Ltd has taken the warehousing space, located at Kurla-West in Mumbai, on lease for 5 years. The space has been taken from Macrotech Developers Ltd, which is developing this logistics park.
Also Read : Tesla not interested in manufacturing in India, keen on opening showrooms: Union Minister HD Kumaraswamy
The rent commencement date is June 1, 2025. There will be a rent escalation of 5 per cent per annum.
The total rent outgo is estimated at ₹ 24 crore for the entire 5-year lease period.
Also Read : Tesla Cybertruck spotted on Indian roads but there is a catch…
"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 square feet is more than a real estate transactions -- its a signal of intent," CRE Matrix CEO Abhishek Kiran Gupta said.
Also Read : Tesla Robotaxis are finally here, but you'll need an invite to catch a ride. Here's why
Listed entity Macrotech Developers, which sells properties under Lodha brand, did not comment on the lease transaction.
On Monday, Union Heavy Industries Minister H D Kumaraswamy said that global EV giant Tesla is not interested in manufacturing cars in India but keen on establishing showrooms in the country.
Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape.
First Published Date: 03 Jun 2025, 19:01 PM IST
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