Elon Musk's Tesla, which made its India entry on July 18 with a showroom in Mumbai, has named Kotak Mahindra Prime Ltd (KMPL) as its preferred financer in the country.
The July 18 announcement is expected to enable a smoother, tech-integrated financing experience for Indian buyers of Tesla’s electric cars.
According to the regulatory filing, KMPL will offer specially curated car finance schemes tailored for Tesla customers, accessible directly through the American car-maker's India’s website and mobile app, a move aimed at offering a seamless digital journey from car selection to ownership.
“Kotak Mahindra Prime is proud to support Tesla’s entry into the Indian market,” said Shahrukh Todiwala, Managing Director and CEO of KMPL. “Tesla has redefined mobility globally, and its entry into India comes at a time when the Indian automobile industry is poised for a green revolution. At KMPL, we’ve always championed sustainable mobility through innovative financing. This partnership strengthens our commitment to enabling a more sustainable future.”
Kotak Mahindra Prime is a subsidiary of Kotak Mahindra Bank, brings nearly three decades of experience in auto financing, with 161 branches in 24 states. It finances both new and used vehicles, including two-wheelers and passenger cars.
Consumers can now explore Tesla models and finance them from the comfort of their home, with no paperwork, no queues, and just a few taps on a screen, the release said.
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