Tesla Expands India Presence with New Office in Mumbai

Tesla Expands India Presence with New Office in Mumbai

Tesla Expands India Presence with New Office in Mumbai

Tesla has leased a 24,500 sq ft office space in Mumbai’s Kurla West area, marking its fourth office in India as part of its broader expansion strategy. The five-year lease, valued at over 24 crore, will be utilised to establish a vehicle service centre. This new space follows Tesla’s recent showroom lease in Bandra Kurla Complex (BKC) and signals the company’s increasing operational presence and preparation for future manufacturing activities in India.

Tesla India Motor & Energy has signed the lease agreement in Macrotech Developers' Lodha Industrial and Logistics Park. The deal, registered in May, includes a starting monthly rent of 37.53 lakh, with a rent-free period of one month and ten days, and a 5% annual rent escalation. The lease term begins on April 20, and rent payments will start from June 1. Common Area Maintenance (CAM) charges are set at 10 per sq ft, with a 5% annual escalation.

This lease follows Tesla’s recent establishment of its showroom in BKC, marking a key milestone in its entry into India’s expanding electric vehicle (EV) market. The new office lease reflects Tesla’s readiness to scale operations in India, particularly after policy changes aimed at encouraging global EV manufacturers to invest and establish manufacturing units locally.

The expansion marks a significant step for Tesla as it builds a local ecosystem, signalling that the groundwork for future manufacturing and supply chain activities in India is underway.

About the author
Sandeep Sadh

About Sandeep Sadh

Sandeep Sadh has been in the real estate business since 1993 in Mumbai. He has expertise in Buying, Selling, Leasing properties in Mumbai and a deep understanding of legal and tax related matters due to his experience.

Summary

Over the years, he has experienced the City's growth. He has been a columnist in the Times of India with numerous articles, which bring about a clear picture of the real estate market in Mumbai. He is a regular on NDTV, CNBC, ET Now Real Estate and Zee News, giving his experienced quotes as and when required.

Sandeep Sadh has used information and technology since the year 1998 and now what people call it Prop Tech to cater to the needs of Home Buyer, Seller, Investor and Corporates, HNI and NRI looking to Buy/Sell or Lease their properties in the Mumbai Property Market.

Sandeep has a holistic experience of real estate be it Leasing an Apartment for your CEO in the most upmarket buildings, to enter into a long lease for your office in Mumbai in prime buildings or an Investment in good projects with a detailed analysis keeping in mind the Demand and Supply and other micro factors of the project/property.

Sandeep Sadh has developed a few websites like www.mumbaipropertyexchange.com, www.realestatemumbai.com, www.propi.in which augment the real estate consulting business.

Right from Investments in Primary Markets to Selling, leasing and specializing for NRI’s all over the world. He is an expert in NRI Home Buying and Selling and has a good understanding of the Income Tax laws pertaining to Selling a Property and Repatriating funds overseas or reinvesting based on Capital Gains etc.

Experience

  • Residential Leasing
  • Commercial Leasing
  • Residential Home Buying
  • Commercial Property Buying
  • Investment Properties with complete Property Management as your Real Estate Family office

While transacting in the above segments, he has complete experience and deep understanding of the paper work, his areas of expertise are :

  1. Drafting of the Leave and License Agreements
  2. MOU for Buying/Selling Properties
  3. Drafting Agreement for Sale
  4. Gift Deeds
  5. Computing of Capital Gains with current ready reckoner values
  6. Drafting of Supporting Power of Attorney.

As an add on Service, Sandeep Sadh has tied up with various Professionals like Lawyers and Chartered Accountants who add value in transacting and specially services for Non Resident Indians.

Application to Income Tax for Lower Tax Deduction Certificate – Through a qualified CA and keeping a grip on the traction so that the remittance back to Non Resident Indians after Selling the property is seamlessly transferred.

You can connect with Sandeep Sadh on ssadh@mumbaipropertyexchange.com

LinkedIn - https://www.linkedin.com/in/sandeepsadhmpe/