Tesla’s much-anticipated entry into India is taking shape, with the Elon Musk-owned EV giant finalizing a 4,000-square-foot showroom space in Mumbai’s Bandra Kurla Complex (BKC). The showroom, located on the ground floor of Maker Maxity, is positioned close to India’s first Apple Store. The lease agreement, registered on February 27, is with Univco Properties and one of Tesla’s arms based in Pune, PTI reported.
The deal marks Tesla’s first physical presence in the country, with the company committing to a five-year lease. According to documents shared by CRE Matrix, the starting monthly rent stands at Rs 35 lakh, with a 5% annual escalation that will push the amount to nearly Rs 43 lakh per month by the end of the lease term. Additionally, Tesla has paid a security deposit of Rs 2.11 crore, while the rental per square foot works out to Rs 881. The space also includes dedicated parking slots, making it a key hub for the company’s operations.
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Tesla’s expansion into India has been closely followed, with speculation that the showroom’s launch could signal the brand’s eventual plans to manufacture or assemble vehicles locally. The move comes as the Indian government discusses import duty relaxations for EV makers willing to invest in domestic production. Currently, fully imported cars attract hefty customs duties of 70% to 100%, depending on specifications.
Adding to the momentum, Tesla has begun hiring for multiple roles across sales, service, and business operations. As per recent job listings on Tesla’s website, the company is looking for service advisors, sales specialists, customer support representatives, operations analysts, and store managers in the Mumbai suburban area.
With its first Indian showroom now confirmed and recruitment underway, Tesla’s entry into the country appears to be moving forward. However, no official timeline has been shared for the launch of Tesla cars in India. (Inputs from PTI).