American electric car company Tesla has rented a 4,000-square-foot space in Mumbai's Bandra Kurla Complex (BKC) business district for its first showroom in India. The news was revealed on Wednesday. Tesla, led by billionaire Elon Musk, will be paying over ₹35 lakh per month for the showroom space, which also includes some parking spots. According to documents shared by CRE Matrix, the rent will increase by 5% every year, eventually reaching nearly ₹43 lakh per month over the five-year lease period.

The arrival of Tesla in India is highly anticipated, and this showroom could be the first step toward the company’s future plans of manufacturing or assembling vehicles in the country. The showroom is located in Maker Maxity, a prime commercial space in BKC, further showing Tesla’s commitment to establishing a presence in India.

The Tesla showroom is located on the ground floor near India’s first Apple Store and has been leased from Univco Properties. A rental agreement was signed on February 27 between Univco and one of Tesla’s subsidiaries based in Pune.

According to documents, the starting rent is ₹881 per square foot per month, and Tesla has paid a security deposit of ₹2.11 crore for the space.

About Tesla India launch

According to reports, the licensee for the agreement is Tesla India Motor & Energy Pvt., which currently operates from Panchsheel Business Park in Pune’s Viman Nagar. The lease deal includes a monthly rent of ₹35.26 lakh with a 5% annual increase, and Tesla has put down a security deposit of ₹2.11 crore.

This move comes at a time when discussions around Tesla’s India entry have intensified. On February 13, Tesla CEO Elon Musk met Prime Minister Narendra Modi in Washington, DC, fueling speculation about the company’s long-awaited arrival. Since then, Tesla has listed 20 job openings across India: 15 in Mumbai and five in Pune and is actively scouting for showroom locations in Mumbai and Delhi.

Tesla’s India launch is expected in the second half of 2025, with the Model Y likely to be the first car introduced. The Model Y is anticipated to be priced between ₹60-70 lakh, placing it in competition with entry-level electric cars from luxury brands like Mercedes-Benz, BMW, and Audi.

With its first showroom in place and hiring underway, Tesla is gearing up for a strong presence in India’s growing EV market.

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