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Tesla Signs 5-Year Lease for First Mumbai Showroom
The Statesman Siliguri
|March 07, 2025
Elon Musk-owned Tesla has signed a five-year lease for a 4003 square feet showroom in the Maker Maxity building, on the ground floor of 2 North Avenue, at Mumbai's Bandra Kurla Complex (BKC), for Rs 23.38 crore, according to registration documents provided by Propstack, a real estate data analytics firm.
The company will pay a rental of Rs 35.26 lakh per month, which is calculated at the rate Rs 888 per square feet, per month. The company has paid a security deposit of Rs 2.11 crore. The tenure of the lease agreement is five years, starting February 16, 2025 and the rent will increase by 5 per cent every year.
Tesla plans to open its second showroom in Delhi's Aerocity.
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