Kotak Mahindra Prime Limited (KMPL) has become the first preferred financer for Tesla in India. This partnership allows Tesla buyers to access specially designed financing schemes directly through Tesla’s India portal and mobile application. With this collaboration, customers can easily explore financing options while purchasing Tesla’s electric vehicles.
Shahrukh Todiwala, MD & CEO of Kotak Mahindra Prime, expressed his excitement about the partnership. He said that Tesla has transformed mobility with its advanced technology. According to him, Tesla’s arrival in India is a major step towards promoting green mobility. He added that KMPL has always supported sustainable mobility solutions, and this collaboration will help customers move closer to a sustainable lifestyle.
Tesla’s debut in India with the launch of the Model Y and its new showroom in Mumbai has created a big buzz in the automobile industry. While some people have discussed the car’s pricing online, experts believe that Tesla’s entry is a positive step for India’s electric vehicle market. Though Tesla may not yet dominate the mass market, its presence is expected to raise standards of innovation and customer experience across the industry.
KMPL, a subsidiary of Kotak Mahindra Bank, has been a leading vehicle finance company since 1996. Over the years, it has expanded its services to include two-wheeler loans (2018) and loans against property (2022). The company operates 161 branches across 24 Indian states and has preferred financing partnerships with several leading automobile manufacturers.
Apart from financing new and pre-owned passenger cars and two-wheelers, KMPL also provides wholesale financing for dealerships. Additionally, the company offers loans against commercial and residential real estate properties, making it a key player in the automobile and property finance sectors.
This tie-up with Tesla not only strengthens KMPL’s portfolio but also provides Tesla buyers with convenient financing solutions as part of a seamless buying experience.
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