Tesla, the global electric vehicle (EV) powerhouse, is accelerating its footprint in India with a significant real estate move. In 2025, Tesla India Motor and Energy Pvt Ltd signed a five-year lease for a sprawling 24,565-square-foot warehouse at the Lodha Logistics Park in Mumbai’s Kurla West. This deal, valued at over Rs 24 crore, signals the company’s serious intent to build a robust EV ecosystem in one of India’s most dynamic commercial hubs.
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The Details Behind Tesla’s Kurla Warehouse Lease
The lease agreement, registered on May 16, 2025, covers two ground-floor units with a combined carpet area exceeding 18,000 sq ft and a chargeable area of more than 24,000 sq ft. It secured 20 parking spots as part of this strategic deal. The lease term runs from April 20, 2025, to April 19, 2030, with the chargeable license period starting June 1, 2025.
It will pay an initial monthly rent of Rs 37.53 lakh in the first year, with a 5% annual increase over the lease term. Additionally, the company is responsible for Rs 1.62 crore in common area maintenance charges and has deposited Rs 2.25 crore as a security amount.
Why This Lease Matters: Tesla’s India Expansion Strategy
Abhishek Kiran Gupta, CEO of CRE Matrix, highlights that this lease is more than just a real estate transaction. It reflects Tesla’s deliberate multi-city rollout strategy in India, spanning from its Pune office to flagship showrooms in Mumbai’s Bandra Kurla Complex (BKC) and Delhi-NCR, alongside co-working spaces and now a key warehousing facility in Kurla West.
At Rs 153 per sq ft, this lease underscores it’s commitment to anchoring its EV operations with prime logistics and commercial assets in Mumbai’s tightly knit 10-km commercial corridor, just 4 km from the U.S. Consulate in BKC.
Tesla’s Real Estate Moves in Mumbai in 2025
The EV giant’s upcoming Kurla warehouse lease follows other high-profile real estate acquisitions in Mumbai this year:
| Property Type | Location | Size (sq ft) | Lease Value (Rs crore) | Lease Term (Years) | Monthly Rent (Rs lakh) |
|---|---|---|---|---|---|
| Auto Showroom | Maker Maxity, BKC | 4,000 | 23.38 | 5 | Approx. 39 |
| Managed Office Space | Near BKC | 30 seats | N/A | N/A | 3 (monthly) |
| Warehouse | Lodha Logistics Park, Kurla West | 24,565 | 24.38 | 5 | 37.53 |
The showroom lease at Maker Maxity set a national record at Rs 881 per sq ft, making it India’s costliest showroom lease to date. Despite these aggressive real estate moves, it currently has no plans to establish manufacturing units in India, focusing instead on expanding its retail and office presence.
What This Means for the Indian EV Market
Tesla’s strategic warehousing and commercial footprint in Mumbai is a clear indicator of its long-term vision for India. By securing prime logistics space, Tesla is laying the groundwork for efficient supply chain management and customer service infrastructure, essential for scaling EV adoption in the country.
Conclusion
In conclusion, Tesla’s strategic lease of a 24,565 sq ft warehouse in Mumbai’s Kurla marks a pivotal moment in its India expansion. This move, coupled with other significant real estate acquisitions, underscores Tesla’s commitment to establishing a robust EV ecosystem in the country. While manufacturing plans remain on hold, the focus on retail, office, and logistics infrastructure signals a long-term vision for Tesla in the Indian market, paving the way for increased EV adoption and setting new benchmarks in the automotive industry.
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