Tesla Opens First Showroom in India - BKC Complex
x
Tesla has rented a 4,000 sq ft space in Mumbai's BKC Complex for its first showroom in India, signaling the EV maker's entry into the country's market. The showroom will be located near the Apple Store and is expected to be a precursor to future manufacturing plans.
Mumbai, Mar 5 (PTI) American EV maker Tesla has rented a 4,000-sq ft space in the Bandra Kurla Complex business district to house its maiden showroom in the country, it was revealed on Wednesday.
The company, promoted by billionaire Elon Musk, will be paying a rent of over Rs 35 lakh per month for the space which comes with some parking lots as well, as per documents shared by CRE Matrix.
The launch of Tesla is a keenly awaited one and may well be a precursor to the pioneering auto company's eventual plans to manufacture or assemble in India.
The lease for the space in Maker Maxity is for a period of five years and the monthly rental will go up to nearly Rs 43 lakh a month with a 5 per cent rent escalation per year, as per the documents.
The property on the ground floor is located very close to India's first Apple Store, and has been leased from Univco Properties.
A rental agreement was registered between Univco and one of Tesla's arms having its offices in Pune on February 27.
The monthly rent per square feet works out to Rs 881 at the starting rental, and a security deposit of Rs 2.11 crore has been paid, the documents said.
The company, promoted by billionaire Elon Musk, will be paying a rent of over Rs 35 lakh per month for the space which comes with some parking lots as well, as per documents shared by CRE Matrix.
The launch of Tesla is a keenly awaited one and may well be a precursor to the pioneering auto company's eventual plans to manufacture or assemble in India.
The lease for the space in Maker Maxity is for a period of five years and the monthly rental will go up to nearly Rs 43 lakh a month with a 5 per cent rent escalation per year, as per the documents.
The property on the ground floor is located very close to India's first Apple Store, and has been leased from Univco Properties.
A rental agreement was registered between Univco and one of Tesla's arms having its offices in Pune on February 27.
The monthly rent per square feet works out to Rs 881 at the starting rental, and a security deposit of Rs 2.11 crore has been paid, the documents said.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone-Idea-L
- 11.65 (+ 3.56)
- 106772451
- Alstone-Textiles
- 0.28 ( -3.45)
- 44187760
- Mangalam-Industrial
- 0.88 ( -2.22)
- 39177573
- Sunshine-Capital
- 0.27 (+ 3.85)
- 35956340
- GMR-Airports
- 104.40 (+ 6.37)
- 30453005
MORE NEWS
© 2025 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback