India, June 3 -- Elon Musk's Tesla India Motor and Energy Pvt Ltd has leased 24,565 sq ft of warehouse space at Lodha Logistics Park in Mumbai's Kurla area for a total rent of Rs.24.38 crore for five years, according to property registration documents accessed by CRE Matrix.

The documents showed that the leased space includes two ground-floor units with a combined carpet area of over 18,000 sq ft and a chargeable area exceeding 24,000 sq ft.

The starting monthly rent is over Rs.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 Rs.24 crore.

In addition, Tesla will pay Rs.1.62 crore in common area maintenance charges over five years and has provided a security...