The starting monthly rent is over ₹37.53 lakh for the first year, with a 5% annual escalation, bringing the total rent over the five-year lease period to more than ₹24 crore.
In addition, Tesla will pay ₹1.62 crore in common area maintenance charges over five years and has provided a security deposit of ₹2.25 crore, according to the documents.
The lease agreement was registered on May 16, 2025. The license period begins on April 20, 2025, while the chargeable license period starts from June 1, 2025.
The lease includes a full five-year lock-in period, ending on April 19, 2030. The documents also show that the agreement covers the warehouse space along with 20 parking spots.
