NEW DELHI: Tesla has signed its first five-year lease deal in India for a showroom in Mumbai to sell imported electric vehicles in the country, Reuters reported.
According to the documents, the showroom will be located in the Maker Maxity building within the business and retail hub of Bandra Kurla Complex, near the city’s airport.
The deal started from February 16, 2025, with the company agreeing to pay approximately $446,000 in rent for the first year for a 4,003-square-foot (372-square-meter) space—nearly the size of a basketball court.
Tesla has long been interested in entering the Indian market. Although the company initially planned to establish itself in 2022, it delayed its entry due to regulatory hurdles, high import duties, and infrastructure challenges for electric vehicles (EVs).
After overcoming these obstacles, Tesla renewed its efforts last year to set up a retail presence in India, marking its return to one of the world’s fastest-growing car markets.