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Tesla Powers India Rollout With Kurla Warehouse Lease
Business Standard
|June 04, 2025
Elon Musk's Tesla Inc has leased a 24,565 square-foot (sq ft) warehousing facility in Mumbai's Kurla West for a five-year term, according to lease documents sourced from real estate data analytics firm CRE Matrix.
The American electric carmaker will use the ground-floor space in Building 1 of Lodha Logistics Park as a service centre and garage, excluding bodywork and spray painting operations, the agreement states.
This development comes to light a day after Union Heavy Industries Minister H D Kumaraswamy said Tesla was yet to show interest in manufacturing EVs in India. While the company is preparing for a market debut, local production does not figure into its immediate plans.
Tesla will initially pay a monthly rent of ₹37.53 lakh (₹153 per sq ft), with a 5 per cent annual escalation clause built into the lease. The licensor entity is Bellissimo (in City FC Mumbai 1), which operates in real estate services on a fee or contract basis.
Esta historia es de la edición June 04, 2025 de Business Standard.
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