Market Chatter: Tesla Signs Five-Year Lease for First India Showroom

MT Newswires Live

Mar 05, 2025

Tesla (TSLA) has signed a five-year lease to open its first showroom in India, located in Mumbai, to sell imported electric vehicles, Reuters reported Wednesday, citing registration documents.

The company will pay about $446,000 in rent for the first year, with a 5% annual increase bringing it to roughly $542,000 in the fifth year, the report added, citing the documents.

Tesla did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 272.23, Change: +0.19, Percent Change: +0.07

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p><p>Price: 272.23, Change: +0.19, Percent Change: +0.07</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1629891620.HKD","symbol_name":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2517294679","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2517294679","pubTimestamp":1741190178,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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