Elon Musk’s Tesla is making significant strides in India. Securing a prime showroom space in Mumbai’s prestigious Bandra Kurla Complex (BKC). The electric vehicle giant has leased a
Elon Musk’s Tesla is making significant strides in India. Securing a prime showroom space in Mumbai’s prestigious Bandra Kurla Complex (BKC). The electric vehicle giant has leased a 4,000 sq ft commercial space in Maker Maxity. A high-end commercial building on North Avenue, for a five-year period. According to property registration records accessed by CRE Matrix, the deal is valued at ₹23.38 crore.
This strategic move marks a major milestone for Tesla’s expansion plans in India. Positioning the company in one of the country’s most sought-after business districts. The lease agreement, signed between Univco Properties LLP, the property owner. Tesla India Motor and Energy Pvt Ltd, was officially registered on February 27, 2025.
As per the lease agreement, Tesla will have access to two dedicated car parking spaces along with the showroom area. The rental price per square foot has been calculated at ₹881. The lease tenure began on February 16, 2025, with a rent-free period extending until March 31, 2025. Tesla will commence rental payments from April 2025, with the agreement extending until February 2030.
The financial specifics of the lease are structured with an annual rental escalation clause of 5%. The breakdown of rental payments is as follows:
Additionally, Tesla has deposited a security amount of ₹2.11 crore as part of the agreement. This lease underscores Tesla’s confidence in the Indian market, setting the stage for further expansion.
Bandra Kurla Complex is renowned as Mumbai’s central business district (CBD). Home to a diverse mix of global corporations, financial institutions, and technology firms. The area is a major hub for the Banking and Financial Services Industry (BFSI), housing institutions. Some of them include National Stock Exchange, Standard Chartered Bank, and investment giants like Blackstone.
BKC also serves as the headquarters for major tech companies such as Apple, Netflix, Facebook, Amazon, Spotify, and Pfizer. Additionally, it accommodates several prominent. Co-working spaces, including WeWork. government establishments like the Reserve Bank of India, the Income Tax Department, and the US Consulate. The area’s premium commercial status, connectivity, and infrastructure make it an ideal location for Tesla’s showroom.
Tesla’s entry into the Indian market has been long anticipated. The company’s decision to establish a showroom in Mumbai aligns with its broader plans to introduce its electric vehicles to Indian consumers. While Tesla has yet to officially launch sales in India, securing a high-profile location in BKC signals its commitment to establishing a strong presence in the country.
Tesla’s expansion aligns with India’s growing emphasis on sustainable mobility and electric vehicles. With government policies supporting the adoption of EVs, Tesla is positioning itself to tap into the rising demand for eco-friendly transportation options.
BKC has been attracting significant commercial investments, with tech giants expanding their presence in the district. In February 2025, Google India Private Limited and Google Cloud India Private Limited renewed their office space leases in BKC for a five-year period, amounting to ₹304 crore. According to property documents accessed by SquareYards, this move highlights the commercial district’s premium positioning as India’s priciest office space.
Tesla’s Mumbai showroom is likely just the beginning of its India expansion. With ongoing discussions about setting up manufacturing facilities and introducing its EV lineup to Indian consumers, Tesla’s move into BKC could pave the way for further developments in the near future.
As Tesla integrates into India’s EV landscape, its presence in Mumbai’s most prestigious business hub reflects its strategy to establish itself as a premium automotive brand. With a growing market for sustainable transportation and increasing government incentives for electric mobility, Tesla’s entry could significantly impact India’s automotive sector.
Tesla’s lease of a showroom in Mumbai’s Bandra Kurla Complex is a major step in its Indian expansion journey. The prime location, coupled with India’s growing interest in electric vehicles, makes this a strategic move for the company. As Tesla sets its sights on the Indian market, its presence in BKC is a testament to the district’s prominence as a commercial and financial powerhouse. With increasing investments in the EV sector, Tesla’s future in India looks promising.bai’s most elite commercial district signals a promising future for the brand in one of the world’s fastest-growing EV markets.
