Tesla has rolled out new affordability schemes in India to revive its electric car sales. The EV giant announced fresh EMI plans and exchange offers, making it significantly easier for customers to own a Tesla—especially those upgrading from petrol or diesel vehicles.

Under the new initiative, buyers can avail an exchange bonus of up to ₹3 lakh, encouraging a shift from internal combustion engine (ICE) cars to electric mobility.

Tesla Model Y Now Available at ₹49,000 EMI

Tesla is now offering the Model Y with EMIs starting at just ₹49,000, with a down payment of ₹6 lakh. This move is expected to attract mid-segment SUV and sedan buyers who were earlier hesitant due to high upfront costs.

Tesla began deliveries of the Model Y in India in September last year, and the company hopes the revised pricing strategy will boost demand.

Up to ₹20,000 Monthly Savings

According to Tesla, customers switching to the Model Y can save up to ₹20,000 per month thanks to:

• Lower fuel costs

• Minimal maintenance expenses

• Reduced long-term ownership costs

The company claims that owners of popular mid-size SUVs and sedans can now enjoy Tesla ownership starting at an effective cost of ₹29,000 per month.

Sales Push in a Growing EV Market

As per FADA EV sales data, Tesla sold 225 units in India last year. Meanwhile, India’s electric passenger vehicle sales surged to 176,817 units, marking a 77% year-on-year growth compared to 2024. Tesla is now aiming to capitalize on this rapid expansion of the EV market.

Tesla Model Y Price in India

The Tesla Model Y is available in two variants:

• Rear-Wheel Drive (500 km range): ₹59.89 lakh (ex-showroom)

• Long-Range RWD (661 km range): ₹67.89 lakh (ex-showroom)

Through its “Switch & Save” program, Tesla aims to position electric cars as a cost-effective and practical alternative to petrol and diesel vehicles in India.