Tesla to open new flagship store in Aerocity, Delhi
What's the story
Tesla is gearing up to launch another flagship retail store in India. The electric vehicle manufacturer has signed a lease for commercial space at Worldmark 3, Aerocity, New Delhi. The company has taken an 8,200 square feet ground-floor space from Oak Infrastructure Pvt Ltd under a nine-year sub-lease agreement.
Expansion plans
Exclusive retail outlet
The new store, located in the upscale commercial district of Aerocity, will be used as an exclusive retail outlet. This move is part of Tesla's expansion strategy in India. The lease agreement also provides for a 120-day fit-out period with rent payments starting from July 13, 2025. The monthly rent for this space is ₹49.2 lakh plus common area maintenance (CAM) charges and parking fees.
Store features
Lease agreement details
The lease agreement for Tesla's new store comes with a lock-in period of 36 months and a rent escalation clause of 15% every three years. The company has also paid a refundable rent security and CAM deposit of ₹16.48 lakh to the lessor. Industry observers expect this store to serve as both a sales and brand experience center.