Tesla Leases Managed Workspace Near BKC at ₹3 Lakh per Month
Tesla has taken a co-working office space near Mumbai’s Bandra Kurla Complex (BKC), marking a significant step as it prepares to enter the Indian market. The office, located in Phoenix Market City, comprises 30 workstations and has been leased for one year at a monthly rent of ₹3 lakh. The lease agreement includes a three-month lock-in period. The deal was signed between Tesla India Motor & Energy Pvt Ltd and EFC, the company managing the flexible workspace. The agreement provides Tesla with a functional base while keeping long-term commitments minimal.
This development comes after Tesla’s earlier move in February 2025, when it leased 4,000 square feet of showroom space in the Maker Maxity building in BKC. The showroom lease was for five years at a total value of ₹23.38 crore. The per square foot rent came to ₹881, one of the highest commercial rents for an auto showroom in India. The transaction included two car parking spaces and was registered on February 27, 2025, between Tesla and Univco Properties LLP, the property owner.
BKC is a central business district in Mumbai and is known for hosting several national and international companies. It is also home to important government institutions such as the Reserve Bank of India, the GST and Income Tax departments, and the Family Court. The U.S. Consulate has a large presence in the area, which further contributes to BKC’s prominence. Co-working spaces in the area include those managed by companies like WeWork, and tech companies such as Cisco also have offices there.
Tesla’s choice of a managed office space reflects a cautious and phased approach. This allows the company to begin operations without the burden of large overheads. It also gives them time to assess the regulatory environment and market readiness before making long-term investments. The flexible office space offers ready-to-use infrastructure and services, suitable for a team that may expand as operations grow.
The company had paused its plans to enter the Indian market in 2022, but the situation changed after Prime Minister Narendra Modi met Elon Musk during his visit to the United States. Following that meeting, discussions resumed about Tesla’s entry into India. Tesla has been actively scouting properties since late last year, with Mumbai and Delhi being the focus areas for their initial operations.
In addition to real estate developments, Tesla posted job openings in February for 13 mid-level roles, many of which were based in Mumbai and Delhi. These positions included customer relationship managers and store personnel, indicating preparations for retail operations. The listings were visible on Tesla’s LinkedIn page and reflected early hiring plans for the India team.
While Tesla has not made a public statement about its India plans, these moves show the groundwork is being laid for a future launch. The company has not yet responded to queries from media, and EFC also remained unavailable for comment. However, sources indicate that the flexible office lease is part of Tesla’s short-term setup as it prepares to bring its electric vehicles to one of the world’s largest automobile markets.