Elon Musk-led Tesla made its India retail debut last month with a store in the Bandra Kurla Complex business district in suburban Mumbai. File
| Photo Credit: Reuters
Electric vehicle giant Tesla, which is expanding its presence in India, has rented 8,200 sq. ft. of commercial space in Delhi’s Aerocity for a starting rent of ₹17.22 lakh per month, according to CRE Matrix.
Real estate data analytics firm CRE Matrix, which has reviewed the registration document of leasing transactions, said that Tesla India Motor’s & Energy Pvt. Ltd. has taken on lease 8,200 sq ft area at Worldmark 3 project in Aerocity from Oak Infrastructure Pvt. Ltd.
The space has been taken for a 9-year lease, with a starting rent of ₹17.22 lakh.
The starting rent is ₹210 per sq ft. The rentals will increase by 15% every 36 months. The lease registration happened on July 30, 2025.
Elon Musk-led Tesla made its India retail debut last month with a store in the Bandra Kurla Complex business district in suburban Mumbai. The company is selling the China-made ‘Model Y’ with a price tag of nearly ₹60 lakh after accounting for the high import duties.
Recently, Tesla leased a 33,000 sq. ft. area in a commercial building at Gurugram, Haryana, which can be used as a service centre and sales outlet, according to CRE Matrix.
The company registered a 9-year lease for the unit in Gurugram’s Orchid Business Park.
Tesla will be paying a starting rent of ₹40 lakh for the Gurugram property. There is a clause in the agreement under which the rent will escalate by 4.75% per annum.
The chargeable area is 33,475 sq ft, while the super-built-up area of the property is 50,914 sq ft, CRE Matrix had said, adding that there is a 3-year lock-in.
The property has been leased from Garwal Property, and the lease was registered on July 28.
Published – August 08, 2025 04:40 pm IST
