American electric carmaker Tesla Inc. has leased 24,565 sq. ft. of space at Lodha Logistics Park in Mumbai’s Kurla West. The transaction adds to the Elon Musk-promoted company’s steady expansion of its real estate footprint in India—through offices, showrooms, and now warehousing—as it inches towards an expected market entry. The five-year lease was signed between Tesla India Motor & Energy Pvt. Ltd and Lodha Developers, and registered on 16 May. Tesla will pay a starting monthly rent of ₹37.53 lakh, totalling over ₹24 crore over the lease term, according to documents accessed by CRE Matrix, a real estate data analytics firm. A person familiar with the development said the leased space may be used as a service centre for Tesla’s electric vehicles. The person added that the company may expand within the facility in future.
