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The Tesla showroom will be situated in the Maker Maxity building in the business and retail hub of Bandra Kurla Complex (BKC) near Mumbai airport.
Tesla has signed a five-year lease from February 16, 2025, and will pay rent of about $446,000 (around Rs 38,872,030) for the first year for a 4,003 square feet (372 square meter) space. (Photo: AP)
Elon Musk-owned electric vehicle maker Tesla is set to open its first showroom, dubbed as an “experience centre”, in Mumbai on July 15, news agency Reuters reported on July 11, 2025.
The Tesla showroom will be situated in the Maker Maxity building in the business and retail hub of Bandra Kurla Complex (BKC) near Mumbai airport, Reuters reported earlier.
As a part of its entry into the South Asian nation, the EV maker had stepped up hiring and in the past was scouting for showroom sites in Mumbai and India’s capital city, New Delhi.
The development coincides with the ongoing India-US trade talks.
As per the showroom registration papers, Tesla has signed a five-year lease from February 16, 2025, and will pay rent of about $446,000 (around Rs 38,872,030) for the first year for a 4,003 square feet (372 square meter) space, almost the size of a basketball court.
The rent would likely be increased by five percent every year reaching about $542,000 for the fifth year, according to the registered lease document provided to the news agency by analytics firm CRE Matrix.
After Mumbai, the US-based company is expected to open another India showroom in New Delhi (Aerocity).
The US carmaker had been hunting for showroom space in India since late last year in order to start sales in the world’s third biggest auto market, after putting market entry plans on hold in 2022.
For years, the US-based EV maker faced hurdles related to localised factory investments, regulations, and high import taxes, factors which raised question marks over Tesla’s arrival in the country.
Earlier, US President Donald Trump had said if Tesla were to set up a factory in India to bypass the country’s tariffs, it would be “unfair” to the US.
In an interview with Fox News, had called out India’s high tariffs on imported cars, which he had discussed with PM Modi during his visit to the US.
“Every country in the world takes advantage of us, and they do it with tariffs… It is impossible to sell a car, practically, in, as an example, India,” Trump had said.
Musk has long opposed India’s steep import tariffs— around 100% on electric vehicles— arguing that they protect domestic manufacturers like Tata Motors in the world’s third-largest auto market.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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