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.
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First Published Date: 03 Jun 2025, 19:01 PM IST
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