Kotak Mahindra Prime Named Preferred Financier For Tesla India As EV Rollout Gains Momentum

Image Source : Moneycontrol

Kotak Mahindra Prime Ltd (KMPL), a subsidiary of Kotak Mahindra Bank, has been appointed the preferred auto financier for Tesla’s India operations. The announcement comes as Tesla officially launched its first showroom in Mumbai and began accepting bookings for the Model Y, marking a major milestone in India’s electric vehicle landscape.

Key Highlights From The Partnership

- KMPL will offer tailored financing solutions for Tesla’s India-spec Model Y, including flexible tenure and competitive interest rates
- The financing will be available in cities where Tesla has begun operations, including Delhi, Gurugram, and Mumbai
- KMPL’s extensive dealer network and digital loan processing tools will support seamless customer onboarding

Strategic Context And Market Impact

- Tesla’s entry into India is expected to accelerate EV adoption, with the Model Y priced between ₹59.89 lakh and ₹67.89 lakh (ex-showroom)
- KMPL’s appointment aligns with its broader push into EV financing, including partnerships with JSW MG Motor for Battery-as-a-Service models
- The move positions Kotak Mahindra Prime as a key player in India’s premium EV financing ecosystem

Outlook

As Tesla prepares for customer deliveries in Q3 2025, KMPL’s role will be pivotal in making high-end EVs more accessible to Indian buyers. The partnership reflects growing synergy between global automakers and Indian financial institutions in shaping the future of mobility.

Sources: Moneycontrol, Economic Times, BusinessWire India, V3Cars, Kotak Mahindra Prime Loans Portal