Tesla to Launch First India Showroom in Mumbai’s BKC, Leasing Space for ₹35 Lakh Per Month: Sources
Elon Musk’s Tesla has secured its first showroom space in India, finalizing a prime location in Mumbai’s Maker Maxity at the Bandra Kurla Complex (BKC), one of the country’s most expensive commercial real estate hubs. According to sources, the 3,000 sq ft showroom, located on the ground floor of a commercial tower, comes with dedicated car parking spaces and will cost Tesla around ₹35 lakh per month in rent.
Elon Musk’s Tesla has secured its first showroom space in India, finalizing a prime location in Mumbai’s Maker Maxity at the Bandra Kurla Complex (BKC), one of the country’s most expensive commercial real estate hubs. According to sources, the 3,000 sq ft showroom, located on the ground floor of a commercial tower, comes with dedicated car parking spaces and will cost Tesla around ₹35 lakh per month in rent.
Tesla’s Expansion in Delhi
Alongside Mumbai, Tesla has also secured a 4,000 sq ft showroom space in Delhi’s Aerocity, near Indira Gandhi International Airport (IGI). The space, part of a Brookfield property, will cost the company around ₹25 lakh per month in rent. The move marks Tesla’s significant step into the Indian market after years of speculation about its entry.
One of the Costliest Auto Showroom Deals
Sources suggest that the Mumbai showroom deal may be one of the highest rental agreements in India’s automobile industry. The lease agreements for both showrooms reflect Tesla’s commitment to establishing a strong presence in India, the world’s third-largest auto market.
Tesla’s Market Entry and Hiring Plans
Tesla has been actively looking for showroom spaces in India since late last year, after pausing its market entry plans in 2022. The company has also ramped up hiring efforts, recently posting job openings for 13 mid-level positions, including store and customer relationship managers.
Musk and Modi’s Discussion on Tesla’s India Plans
Tesla’s India expansion follows a meeting between Prime Minister Narendra Modi and CEO Elon Musk in the U.S. last month. Their discussion covered topics related to space, mobility, and technology, hinting at Tesla’s broader interest in India’s automotive and energy sectors.
Sources By Agencies
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