NEW DELHI: Tesla has signed its first five-year lease deal in India for a showroom in Mumbai to promote imported electrical automobiles in the nation, Reuters reported.
According to the paperwork, the showroom can be positioned in the Maker Maxity constructing throughout the enterprise and retail hub of Bandra Kurla Complex, close to the town’s airport.
The deal began from February 16, 2025, with the corporate agreeing to pay roughly $446,000 in hire for the primary yr for a 4,003-square-foot (372-square-meter) house—almost the scale of a basketball court docket.
Tesla has lengthy been in coming into the Indian market. Although the corporate initially deliberate to set up itself in 2022, it delayed its entry due to regulatory hurdles, excessive import duties, and infrastructure challenges for electrical automobiles (EVs).
After overcoming these obstacles, Tesla renewed its efforts final yr to set up a retail presence in India, marking its return to one of many world’s fastest-growing automotive markets.