Tesla finally enters the Indian market, and a critical aspect of vehicle ownership is being reimagined: insurance. ACKO has been selected as Tesla’s insurance partner for the country.
“Tesla has revolutionised the automotive industry; our ambition is to redefine how that innovation is protected,” said Animesh Das, Managing Director & Chief Executive Officer, ACKO GI.
“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 result is something quiet, responsive, and human—just like how the best tech should feel,” he added.
Tesla made its debut in India today by opening its first showroom in Mumbai and also launching its first product, the Model Y. Priced at Rs 60 lakh onwards exshowroom, the Model Y comes in two variants — RWD and RWD LR.
The former RWD variant has a claimed range of 500km on a full charge and has a top speed of 201kmph, while the latter – Long Range – as the name suggests, has a range of 622km and the same top speed.
Bookings for the Tesla Model Y have started already, and deliveries for the standard RWD variant are set to commence from Q3 this year, while the RWD LR variant deliveries will commence in Q4.
In terms of competition, Tesla faces stiff competition from Mahindra, Tata Motors, BYD, and VinFast, an upcoming Vietnamese EV maker that has also commenced bookings for its EVs from today. BMW and Volvo also have competing vehicles against the Model Y.
