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Axis Bank has entered into an agreement to act as a preferred financier for customers of Tesla as the company readies its entry into India. The bank will provide loan products and a digital onboarding process aimed at supporting the purchase of Tesla vehicles across major cities and developing EV markets.
Under the arrangement, Axis Bank will offer curated auto-loan options for premium EV buyers, including customised repayment schemes aligned with individual cash flows and tenures of up to 10 years. The bank will also provide a fully digital sanction process intended to shorten approval timelines.
The services will be available pan-India and are designed to mirror Tesla’s global ownership experience by simplifying customer access to EV financing.
Bank’s focus on EV lending
Munish Sharda, Executive Director, Axis Bank, said the collaboration is aligned with the bank’s broader electric-mobility agenda. “As electric mobility gains momentum in India, Axis Bank is proud to collaborate with Tesla to help accelerate this transition,” he said.
He added that the engagement brings together “innovative, tailored financing solutions and seamless customer engagement,” aimed at supporting the adoption of electric vehicles.
Axis Bank stated that the initiative reflects its ongoing focus on responsible banking and digital-first financial solutions.
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