Elon Musk’s Tesla gears up for Gurgaon entry

The nine-year lease, signed on July 28, includes a three-year lock-in period and covers the entire ground floor, which will house a service centre, delivery hub, and retail outlet for Tesla’s customers in Delhi-NCR.

The monthly rent is Rs 40.17 lakh (Rs 120 per sq ft) with a 4.75% annual hike. Tesla paid a stamp duty of Rs 20.69 lakh and a security deposit of Rs 2.41 crore, securing 51 dedicated parking slots, as per the post.

The global electric vehicle giant’s Gurgaon entry follows its lease of 24,000 sqft of warehousing space in Mumbai’s Kurla (West) in May for Rs 37.5 lakh monthly.

Tesla had launched its first 4,000 sqft showroom in Mumbai’s Bandra Kurla Complex. The company will also open its second Indian showroom on August 11 at Worldmark 3, Aerocity, in Delhi.

Such moves are expected to signal Tesla’s expansion in India, aligning with the country’s push for the adoption of electric vehicles.

“With these strategic leases, Tesla appears to be laying the groundwork for a full-fledged India launch, potentially ahead of local production or larger import volumes. As the country ramps up infrastructure and incentives for EV adoption, Tesla’s moves indicate long-term confidence in the Indian market,” the blog noted.

The company will be commencing its India sales with its best-selling Model Y SUV.

Currently, registrations for the car are only allowed in Mumbai, Delhi and Gurgaon.

In Delhi, purchasing the Model Y rear-wheel drive (RWD) will set one back by Rs 61.06 lakh. This variant has a claimed range of 500 km and a top speed of 201 km per hour. The on-road price for the long-range RWD variant, which has a claimed range of 622 km, is Rs 69.14 lakh.

Gurgaon prices are higher than those in the national capital. The on-road price for the RWD variant in Gurgaon is Rs 66.76 lakh, while the long-range RWD variant costs Rs 75.61 lakh.

While the on-road price for the RWD variant in Mumbai is slightly higher than Delhi, at Rs 61.07 lakh, the long-range variant costs the same in both cities.
Delhi-NCR is also the only other metropolitan region apart from Mumbai where Tesla plans to install charging infrastructure.

The company plans to install four charging stations: one each in Saket and Aerocity in Delhi, one on Golf Course Road in Gurgaon, and another in Noida.
These four charging stations are expected to feature 16 superchargers and 15 destination chargers, according to Isabel Fan, senior regional director at Tesla.