Tesla in India: US EV maker rented 4,000 sq ft space in BKC Complex for maiden showroom; check details

The company, promoted by billionaire Elon Musk, will be paying a rent of over ₹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 five years, and the monthly rental will go up to nearly ₹43 lakh a month with a 5% 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 foot works out to ₹881 at the starting rental, and a security deposit of ₹2.11 crore has been paid, the documents said.