Tesla leases space in New Delhi's Aerocity for 3rd showroom in India

Electric carmaker adds to outlets in Mumbai and Gurgaon as part of expansion plans

The Indian arm of the US electric carmaker Tesla has leased retail space in New Delhi’s Aerocity for its third showroom in India. The space has a monthly rent of Rs 17.22 lakh, with a 15 per cent escalation every three years.

 

Tesla India Motor & Energy has signed a nine-year lease for the space, according to property registration information shared by CRE Matrix, a real estate data analytics company. The retail unit on the ground floor of Worldmark 3 in Aerocity spreads 8,200 square feet, translating to a starting monthly rent of Rs 210 per sq ft. 

 

 

Tesla has deposited Rs 1.03 crore as security deposit, which has a three-year lock-in period.

 

The transaction was registered with administrative authorities on July 30 this year, but the lease started on March 15 and rent from July 13. Along with the retail space, Tesla will get 10 parking slots for Rs 6,000 each per month. It will pay common area maintenance charges of Rs 33.5 per sq ft per month.

 

Earlier this week, Tesla leased a retail space in Gurgaon for nine years to run its second showroom in India at a monthly rent of Rs 40.17 lakh. This space will function as a service centre, delivery centre, and retail store. The rent at this location will increase by 4.75 per cent annually.

 

The Gurgaon showroom is located on the ground floor of Orchid Business Park on Sohna Road and covers 33,475 sq ft, implying a monthly rent of Rs 120 per sq ft.

 

In March, Tesla leased showroom space in Mumbai’s Bandra Kurla Complex (BKC) — India’s most expensive commercial district —for a starting monthly rent of Rs 35.26 lakh (Rs 888 per sq ft). This lease is for a period of five years. The company launched its Mumbai showroom on July 15, coinciding with the introduction of the Rs 60-lakh Model Y car in India. 

 

In June 2025, Tesla leased a 24,565-sq ft warehousing facility in Kurla West, Mumbai, for use as a vehicle service centre and garage (excluding bodywork and spray painting activities). The five-year lease carries a starting monthly rent of Rs 37.53 lakh, or Rs 153 per sq ft.

 

Tesla’s registered office is located at Tablespace in Panchshil Business Park, Pune. The company has also leased a co-working office space near BKC in Mumbai.

 

  Tesla's real estate leases in India so far

 

Space	Starting Monthly Rent	Date	Tenure
Office space in Pune	Rs 11.65 lakh	October 2023	5 Years
Showroom space in BKC, Mumbai	Rs 35.26 lakh	March 2025	5 Years
Office space in Mumbai	Rs 3 lakh	April 2025	1 Year
Warehousing facility in Kurla, Mumbai	Rs 37.53 lakh	May 2025	5 Years
Showroom space in Gurgaon	Rs 40.17 lakh	July 2025	9 Years
Showroom space in Aerocity, New Delhi	Rs 17.22 lakh	July 2025	9 Years

Source: CRE Matrix and others