US EditionTesla India takes on lease 24,565 sq ft warehousing space in Mumbai
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NDTVTesla India Takes On Lease 24,565 Sq Ft Warehousing Space In Mumbai
Tesla Ramps Up India Strategy With New Warehouse Space Lease
Elon Musk-led Tesla has reportedly leased a new warehouse space in Mumbai’s Kurla West as a part of its strategy to expand operations and build an ecosystem for future manufacturing and supply chain activities across the country. A Mint report said that the company will use the space as a service centre and will further look to expand within the facility. Tesla India Motor & Energy, the company’s Indian subsidiary, has signed a five-year lease …
Summary: Tesla signs a five-year lease for 24,500 square feet in Mumbai, representing an investment of more than 24 crores of rupees and marking its fourth establishment in India. The company has concluded two major leases in just two months, demonstrating a remarkable intensification of its preparations for the Indian market. The new space in the Lodha Park in Kurla West could serve as a service centre and support future Tesla supply chain acti…
Mumbai News: Tesla Secures 24,565 sq. ft. Warehouse In Kurla West For India Expansion
Tesla will begin paying rent from June 1, 2025, following a rent-free period of one month and ten days. Additional common area maintenance (CAM) charges are Rs 10 per sq. ft., also subject to a 5% annual escalation.
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