Bengaluru, June 3 -- American electric carmaker Tesla Inc. has leased 24,565 sq. ft. of space at Lodha Logistics Park in Mumbai's Kurla West. The transaction adds to the Elon Musk-promoted company's steady expansion of its real estate footprint in India-through offices, showrooms, and now warehousing-as it inches towards an expected market entry.

The five-year lease was signed between Tesla India Motor & Energy Pvt. Ltd and Lodha Developers, and registered on 16 May. Tesla will pay a starting monthly rent of Rs.37.53 lakh, totalling over Rs.24 crore over the lease term, according to documents accessed by CRE Matrix, a real estate data analytics firm.

A person familiar with the development said the leased space may be used as a service c...