Latest news with #AnimeshDas
New Indian Express
3 days ago
- Automotive
- New Indian Express
Lenders, insurers line up to partner with Tesla in India
NEW DELHI: As US electric vehicle giant Tesla officially entered the Indian market this week, it wasn't just auto enthusiasts who took notice. Leading banks and insurers swiftly moved to align themselves with the EV trailblazer, eager to tap into the growing demand for premium electric mobility. Kotak Mahindra Prime (KMPL) was announced as Tesla's preferred financier in India. Commenting on the partnership, Shahrukh Todiwala, MD & CEO of KMPL, said, 'Tesla has redefined mobility with its cutting-edge technology. Its entry into India marks a pivotal moment for the country's automobile sector as it shifts toward greener alternatives.' KMPL rolled out dedicated car financing options integrated directly into Tesla India's online portal and mobile app, aiming to make Tesla ownership more accessible. On the insurance front, players like ACKO, Zurich Kotak, and Liberty General Insurance unveiled strategic tie-ups tailored for Tesla buyers. Digital-first insurer ACKO has been named Tesla's preferred insurance partner. Animesh Das, MD & CEO of ACKO General Insurance, said, 'Tesla didn't just build a car; they rebuilt the idea of what a car is. At ACKO, we asked ourselves — can we do the same for insurance?' The partnership promises a fully digital, seamless experience from quote to claim, mirroring Tesla's emphasis on simplicity and performance.
Yahoo
4 days ago
- Automotive
- Yahoo
Tesla picks Liberty General Insurance and Acko as insurance partners in India
-- Tesla (NASDAQ:TSLA) has selected Liberty General Insurance and Acko as its preferred insurance partners for its entry into the Indian market, according to the Press Trust of India. Mumbai-based Liberty General Insurance has created customized protection plans specifically designed for Tesla vehicles, tailored to meet the needs of electric vehicle users in India. Acko will offer Tesla owners a fully digital process that covers everything from policy purchase to claims handling. "Tesla has revolutionized the automotive industry. Our ambition is to redefine how that innovation is protected," said Animesh Das, managing director and CEO of Acko Related articles Tesla picks Liberty General Insurance and Acko as insurance partners in India These Under-the-Radar Stocks Offer Better Risk-Reward Ratio Than Nvidia After soaring 149%, this stock is back in our AI's favor - & already +25% in July Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
6 days ago
- Automotive
- Time of India
Liberty General Insurance, ACKO become Tesla's insurance partners in India
As Tesla announced its foray into the Indian market on Tuesday, Liberty General Insurance and ACKO said they have become insurance partners for the American electric carmaker in India. Liberty General Insurance said it has developed a suite of finely tuned protection plans that complement Tesla's engineering and performance excellence while anticipating the distinct needs of EV users. "At Liberty, we're deeply honoured to be among Tesla's preferred insurance providers for the Indian market. We see this as a moment of transformation, not just in how we drive, but in how we protect, serve, and anticipate the needs of the next generation of motorists," Liberty General Insurance CEO & Whole-Time Director, Parag Ved said in a statement. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Pattamangalam: 1 Trick to Reduce Belly Fat? Home Fitness Hack Shop Now Undo ACKO also said it has been selected as Tesla's "preferred insurance partner for the country". "Tesla has revolutionised the automotive industry; our ambition is to redefine how that innovation is protected," ACKO General Insurance Ltd Managing Director & CEO Animesh Das said. Live Events ACKO said through its collaboration, Tesla owners can expect a fully integrated, entirely digital and minimal journey from quote to cover to claim. In a separate statement, Zurich Kotak General Insurance said it has launched ' EV Protect ', a comprehensive add-on cover within its car insurance product, Car Secure, for Indian electric vehicles (EVs), which covers Tesla among other EVs. As Tesla marks its much-anticipated entry into the Indian market, 'EV Protect' has been designed to provide a premium protection plan that ensures the EV stays as cutting-edge on the road as it is under the hood, it said. 'EV Protect' is a comprehensive ecosystem of protection that empowers EV owners to embrace electric mobility with confidence, safety, and complete peace of mind, Zurich Kotak General Insurance's MD and CEO Alok Agarwal said. "The product embodies our commitment to innovation and sustainability. It marks a significant turning point in the EV insurance space," he added.
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Business Standard
7 days ago
- Automotive
- Business Standard
Tesla drives into India with ACKO as its EV insurance partner: What to know
As Tesla gears up to enter the Indian market, it's not just the cars that promise to be sleek, smart, and futuristic—the insurance experience is getting a high-tech upgrade too. ACKO General Insurance has been selected as Tesla's preferred insurance partner in India, setting the stage for a new kind of digital-first auto coverage, built specifically for electric vehicles (EVs) and the people who drive them. With this collaboration, Tesla buyers in India will have access to a fully integrated insurance experience, embedded seamlessly into the car-purchasing process. From getting a quote to filing a claim, everything will be digital, paperless, and streamlined—a far cry from the traditional, form-heavy insurance model most Indian customers are used to. 'Tesla didn't just build a car—they rebuilt the idea of what a car is. At ACKO, we asked ourselves: can we do the same for insurance?' said Animesh Das, MD & CEO, ACKO GI. 'The result is something quiet, responsive, and human—just like how the best tech should feel.' This integrated model may help lower the total cost of EV ownership, encourage faster adoption, and bring clarity to EV-specific insurance needs—such as battery replacement, software-related issues, and charging station support. What you should know about ACKO: Over 78 million unique customers 1+ billion policies issued Embedded partnerships with OYO, Zomato, redBus, Urban Company, and more Zero-paperwork insurance across health, auto, travel, and life India's first Flexi Term Life Plan launched in 2023 Health insurance collaborations with startups like Swiggy, Razorpay, and CRED, insuring 8+ lakh lives ACKO has a stronghold in mobility and gadget insurance, making it well-positioned to understand the digitally connected, tech-forward lifestyle of Tesla buyers. For potential Tesla buyers and EV enthusiasts: Embedded insurance could bring cost transparency and convenience ACKO's app-first model will likely reduce claim settlement time and service delays Buyers may enjoy customized policies designed for electric mobility, a rarity in India For existing EV owners or luxury car buyers, this also signals a shift: Insurers are now investing in specialised, tech-driven offerings, with performance, maintenance, and software updates in mind. " At the heart of this association lies a common goal: to simplify car-ownership through intelligent technology. By embedding insurance directly into the car-buying experience, Tesla and ACKO aim to reduce complexity, enhance customer convenience, and accelerate the adoption of electric vehicles in India. This association marks a significant milestone in India's mobility landscape, demonstrating how intelligent products and services can converge to make ownership simpler, smarter and more sustainable," Tesla and ACKO said in a joint statement.
