Tesla-Axis Bank Partnership: A special partnership of Tesla-Axis Bank! Buying a Tesla car now easier on EMI

• Axis Bank became the preferred financier for Tesla
• Axis Bank customer relief
• Instant loan approval for Tesla car from bank

Tesla-Axis Bank Partnership: There has been a huge growth in the electric mobility sector in India. Axis Bank, the country’s leading private sector lender, has become the preferred financier for the world’s leading electric car company, Tesla, the bank has officially announced. This partnership will not only make it easier for Indian customers to buy a Tesla car, but also enjoy the most flexible loan offer in the banking world.

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What are the benefits to customers?

The agreement between Axis Bank and Tesla is completely customer-centric. The bank has introduced some special features especially for premium electric vehicle buyers. Loan repayment period will be long. That is, car loans usually have a tenure of 5 to 7 years, but Axis Bank is offering a loan tenure of up to 10 years for Tesla, which significantly reduces the monthly installment (EMI) burden. It will be a completely digital experience. The entire process from car booking to loan approval will be 100% digital. Customers no longer have to go to the bank for documents.

Also, there will be a customized payment plan. The bank will create a personalized repayment plan based on the customer’s cash flow. The bank claims that eligible customers will get instant loan approval on onboarding.

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Commenting on the partnership, Axis Bank Executive Director Munish Sharda said, “Electric mobility is expanding rapidly in India. This collaboration with Tesla will provide world-class electric cars to the Indian middle and upper class. We focus on future-ready solutions and responsible banking.”

This cooperation will be implemented not only in metros but also in emerging electric hubs across the country. It aims to remove the initial barriers to buying a vehicle and make the premium e-vehicle experience accessible to all. This can fulfill the dream of customers across the country to own a Tesla car.