Tesla leases space in Mumbai’s Lodha Logistics Park

American electric carmaker Tesla Inc. has leased 24,565 sq. ft. of space at Lodha Logistics Park in Mumbai’s Kurla West. The transaction adds to the Elon Musk-promoted company’s steady expansion of its real estate footprint in India—through offices, showrooms, and now warehousing—as it inches towards an expected market entry. The five-year lease was signed between Tesla India Motor & Energy Pvt. Ltd and Lodha Developers, and registered on 16 May. Tesla will pay a starting monthly rent of ₹37.53 lakh, totalling over ₹24 crore over the lease term, according to documents accessed by CRE Matrix, a real estate data analytics firm.