News | Kotak Mahindra Prime Becomes Tesla’s First Preferred Financier in India

Kotak Mahindra Prime Becomes Tesla’s First Preferred Financier in India

News

19 July 2025

2 min read

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In a major move that signals Tesla’s deeper entry into the Indian electric vehicle market, Kotak Mahindra Prime Ltd. (KMPL) has been appointed as the first preferred financier for Tesla customers in India.

This strategic partnership will allow prospective Tesla buyers to access customized loan options directly via Tesla’s official website and app, creating a more streamlined and digital-first car buying experience. The initiative is aimed at simplifying ownership for customers opting for Tesla’s electric vehicles, beginning with the newly launched Model Y.

Shahrukh Todiwala, MD & CEO of Kotak Mahindra Prime, commented on the collaboration, saying that Tesla has redefined automotive technology and that KMPL is excited to support the shift toward greener mobility through tailored financial offerings.

Tesla recently opened its first showroom in India at Mumbai’s Bandra Kurla Complex (BKC), offering the Model Y at a starting price of around ₹61 lakh (ex-showroom). With this partnership, customers can access competitive EMI plans and financing options from Kotak Mahindra Prime, which brings decades of experience in auto financing.

KMPL, a subsidiary of Kotak Mahindra Bank, has a robust presence across 24 states and offers financing for new cars, pre-owned vehicles, and two-wheelers, as well as loans against property.

This collaboration marks a key milestone in India’s evolving EV landscape, bringing together financial accessibility and cutting-edge technology for a new generation of car buyers.

Reference: TheEconomicTimes