Tesla’s entry into the Indian market is poised to bring fresh innovation to the electric vehicle (EV) insurance sector, according to industry insiders, who say the US-based firm’s advanced technology and high-quality battery systems are likely to push domestic insurers to rethink and upgrade their offerings.
Last week, Tesla launched its Model Y, a fully electric car priced from ₹60 lakh, by opening its first showroom in Mumbai’s Bandra Kurla Complex (BKC). In the wake of the launch, ACKO, Zurich Kotak, and Liberty General announced they had been chosen as “preferred insurance partners” for Tesla customers in India.
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