New Delhi: In a major move marking its growing presence in India, Tesla India Motor and Energy Pvt Ltd has leased a 24,565 sq ft warehouse at Lodha Logistics Park in Kurla West, Mumbai, reinforcing its strategic infrastructure plans in the country. The lease deal, worth ₹24.38 crore, was officially registered on May 16, 2025, and includes a five-year lock-in period until April 19, 2030.
The leased facility consists of two ground-floor units with a total carpet area of over 18,000 sq ft and a chargeable area exceeding 24,000 sq ft. Tesla will also have access to 20 parking spots under the agreement.
The lease kicks off on April 20, 2025, with the chargeable licence period beginning June 1, 2025. In the first year, Tesla will pay a monthly rent of over ₹37.53 lakh, subject to a 5% annual escalation. The EV giant has also paid ₹1.62 crore in common area maintenance charges and deposited ₹2.25 crore as security.
According to Abhishek Kiran Gupta, CEO of CRE Matrix, this transaction is more than just a real estate move.
“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,” he said.
At ₹153 per sq ft, the warehouse deal reflects Tesla’s intent to build a robust EV ecosystem, backed by prime logistics and commercial assets. Located just 4 km from the U.S. Consulate in BKC, the Kurla facility keeps Tesla’s operations within a 10-km strategic corridor in Mumbai.
Tesla’s Growing Mumbai Footprint in 2025
This warehouse deal follows a flurry of Tesla’s real estate activity in Mumbai:
• In March 2025, Tesla leased a 4,000 sq ft showroom in Maker Maxity, BKC for ₹23.38 crore over five years — India’s most expensive showroom lease at ₹881 per sq ft.
• In April, the company acquired 30 workstations in a managed office space near BKC for a monthly rent of ₹3 lakh.
While Tesla is clearly investing in retail and office infrastructure, the company remains cautious about launching manufacturing operations in India. Union Minister for Heavy Industries HD Kumaraswamy recently confirmed that Tesla has no immediate plans for local production, focusing instead on expanding its sales, service, and logistics footprint.
This deliberate approach highlights Tesla’s strategy to establish a solid retail and service network before committing to large-scale manufacturing in the Indian market.
