Tesla, the electric vehicle manufacturer led by Elon Musk, has secured 4,000 sq ft of showroom space in Mumbai's Bandra Kurla Complex (BKC), India’s most expensive commercial district, for a total of Rs 23.38 crore over five years.

The lease deal, with a rental of Rs 881 per sq ft, sets a national record for the most expensive auto showroom deal in India. The showroom will be located in the Maker Maxity building on North Avenue, as per property registration documents.

The lease commenced on February 16, 2025, with a rent-free period until March 31, 2025. From April 2025, the rental payments will increase annually by 5%. The total rent for the first year will be Rs 35.26 lakh per month, with gradual increases over the following years.

BKC is a major hub for banking, finance, and multinational companies, hosting global giants such as Apple, Netflix, and Amazon.