CORPORATE
Tesla rents space at Bandra Kurla Complex in Mumbai to open showroom
- IBJ Bureau
- Mar 06, 2025
US electric carmaker Tesla has signed a lease deal to open its first showroom in Mumbai, as it moves towards a goal to sell imported cars in India, registration papers show, after it dropped similar plans last year.
Tesla did not immediately respond to a request for comment. The papers show that the company has signed a five-year lease from February 16, 2025, and will pay rent of about $446,000 for the first year for a 4,003-sq ft space, almost the size of a basketball court.
The rent will increase by 5 per cent every year, reaching about $542,000 for the fifth year, according to the registered lease document provided to the Reuters by analytics firm CRE Matrix.
The showroom will be situated in the Maker Maxity building in the business and retail hub of Bandra Kurla Complex near the city’s airport, according to the papers.
The Reuters had reported last month that Tesla had selected locations for two showrooms in New Delhi and Mumbai, days after the carmaker’s chief Elon Musk had met Prime Minister Narendra Modi in the US.
Report By
View Reporter News