
Lenders, insurers line up to partner with Tesla in India
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.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Mint
21 minutes ago
- Mint
Buy or sell: Vaishali Parekh recommends three stocks to buy today — 25 July 2025
Buy or sell stocks: The benchmark indices of the Indian stock market began the session on a weak footing and remained under pressure throughout the weekly expiry, as lacklustre Q1 results 2025 from IT majors triggered a sharp sell-off in the sector, weighing on overall sentiment. Caution also prevailed before next week's U.S. Federal Reserve policy decision, likely to steer global market direction. The Sensex dropped 542.47 points, or 0.66%, to close at 82,184.17, while the Nifty fell 157.80 points, or 0.63%, settling at 25,062.10. Sector-wise, PSU Banks, Healthcare, and Pharma outperformed in positive territory, bucking the broader downtrend. In contrast, heavy selling was seen across most other sectors, with the IT index sliding over 2%, leading the losses. Broader markets also came under selling pressure, with the Nifty Midcap index down 0.58% and the Small-cap index shedding 1.09%, indicating a weak undertone across segments. Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, believes the Indian stock market sentiment is sideways to positive. The Nifty 50 index is sustaining above the 50-DEMA support of 24,900, while the key benchmark index faces resistance at 25,250. Speaking on the outlook of the Nifty 50 today, Vaishali Parekh said, "The Nifty 50 index once again found resistance near the hurdle of 25,250 zone and witnessed profit booking to slip towards the 25,000 zone to indicate a tight rangebound movement between 25,000 and 25,250 level for quite some time, with overall bias maintained positive. As mentioned earlier, we continue to maintain our stance, would need a decisive breach above the 25,250 to 25,300 zone to continue with the positive movement further ahead and expect the next targets of 25,500 and 25,700 levels in the coming days, provided the crucial support zone of 24,900 level is sustained as of now." "The Bank Nifty index continues to move within a tight range, having the tough resistance barrier near the 57,300 zone, which needs to be breached decisively and expect further upward movement in the coming days. On the downside, the 50-DEMA zone at the 56,000 level shall be an important and crucial support which needs to be sustained to maintain the overall bias and sentiment intact," said Parekh. Parekh said that the immediate support for the Nifty 50 index is at 24,900, while the resistance is at 25,300. The Bank Nifty would have a daily range of 56,500 to 57,600. Regarding stocks to buy today, Vaishali Parekh recommended three buy-or-sell stocks: Bandhan Bank, REC, and Hubtown. 1] Bandhan Bank: Buy at ₹ 184, Target ₹ 190, Stop Loss ₹ 180; 2] REC: Buy at ₹ 405.50, Target ₹ 412, Stop Loss ₹ 398; and 3] Hubtown: Buy at ₹ 305, Target ₹ 325, Stop Loss ₹ 295. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.


India.com
21 minutes ago
- India.com
India-UK Trade Deal Brings New Hope, Boosts Crop Exports And Income: Farmers
New Delhi: Farmers on Thursday welcomed the India-UK Free Trade Agreement (FTA), calling it a major boost for Indian agriculture and a turning point for the farming community. Gurmeet Singh, a farmer who shared his thoughts on the deal, said it will not only raise incomes but also help farmers move away from traditional cropping patterns towards more profitable options like horticulture and oilseed cultivation. "This is a very good decision. It will help us solve crop-related problems and water scarcity. If we grow good-quality fruits and export them, we will get better returns. Crops like mustard and soybean will also bring big benefits,' Singh told IANS. The landmark trade agreement, signed by Prime Minister Narendra Modi and his UK counterpart Keir Starmer, promises zero-duty access to 99 per cent of Indian exports, including a wide range of agricultural products. This is expected to improve price realisation for Indian farmers and bring their products on par with European competitors in the UK market. Singh highlighted that many farmers are stuck in the cycle of cultivating cumin seeds and sugarcane, leading to stagnant earnings. Another farmer said that "now, with better prices available through exports, we can explore more profitable crops. It's time we move beyond the same crops again and again". He also noted that promoting oilseed crops will reduce pressure on water resources and improve sustainability. "Mustard, soybean, and fruits grown for export will not just boost our income but also support India's overall development," he added. The deal is also expected to open up the UK market for horticulture products, with reduced tariffs and faster regulatory clearances. "With easier access and improved competitiveness, Indian farm exports like spices, fresh fruits, processed foods, and oilseeds will now reach more global customers," another farmer stated. Signed during PM Modi's visit to the UK, the FTA is set to increase bilateral trade by about $34 billion and enhance India's economic engagement with one of the world's major economies.


New Indian Express
21 minutes ago
- New Indian Express
Landmark free trade deal with UK: The power of zero
NEW DELHI: India and the UK signed a landmark Free Trade Agreement (FTA) on Thursday during Prime Minister Narendra Modi's visit to London, sealing the most significant trade pact for Britain since Brexit and marking a major breakthrough in India's global trade strategy. The deal, finalised after three years of stop-start negotiations, cuts tariffs on key goods like textiles, whisky, automobiles, and electronics, and is expected to double the current bilateral trade of 56 billion by 2030. Negotiated amid shifting global trade dynamics and rising protectionism, the India–UK Comprehensive Economic and Trade Agreement (CETA) opens up one of the world's fastest-growing markets to UK firms while giving Indian exporters critical access to one of the G7's leading economies. The agreement is set to take effect after a formal ratification process in the UK, likely within a year or less.