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Following discounts of up to 2 lakh rupees on MY2025 stock, Tesla rolls out a new exchange scheme, valid up to 31 March 2026
The Model Y is becoming a tough sell for Tesla in India, in stark contrast to the years of hype prior to the launch in July 2025. The company is exploring new ways to push sales, and this month, it has introduced a new exchange offer for the EV.
Under a new Tesla EV Switch & Save Program, Tesla is providing an exchange bonus of 3 lakh rupees on top of the car value. Customers can avail this offer by exchanging their petrol or diesel car with the Model Y Rear-Wheel Drive, priced at 59,89,000 rupees (ex-showroom Delhi).
Tesla has appointed Spinny as its preferred exchange partner. Customers using the Spinny platform for the new scheme can avail an additional exchange bonus of 25,000 rupees, which brings the total savings to 3.25 lakh rupees.
Also Read: Tata Offers Massive EV Discounts Of Up To Rs. 3.8 Lakh In Feb 2026
Tesla is also providing a new finance scheme, which can be combined with the exchange bonus scheme. Customers can buy the Model Y Rear-Wheel Drive on a loan by making a down payment of 6 lakh rupees and the remaining sum in EMIs of as low as 49,000 rupees.
Wall Connector, Tesla’s home charger, is available complimentary with the Model Y in India. The company says that customers can charge the Model Y with the official home charger for as low as 1 rupee per kilometre.
Also Read: 6 New Electric SUVs Confirmed To Launch In 2026 In India
Tesla equips the Model Y with features like a power tailgate, electrically adjustable, ventilated, and heated front seats, a power two-way folding and heated rear seat, a 9-speaker sound system, a 16-inch front touchscreen, and an 8-inch rear touchscreen. In addition to Rear-Wheel Drive, the company offers the EV in a Long Range Rear-Wheel Drive variant, priced at 67,89,000 rupees (ex-showroom Delhi).
The Model Y Rear-Wheel Drive hits 0 to 100 km/h in 5.9 seconds, achieves a top speed of 201 km/h, and delivers a WLTP range of 500 kilometres. It is chargeable at up to 175 kW, and it can add up to 238 kilometres of range in 15 minutes.
The Model Y Long Range Rear-Wheel Drive takes 5.6 seconds for a 0-100 km/h sprint but maxes out at the same 201 km/h. It is chargeable at up to 250 kW and can add up to 267 kilometres of range in 15 minutes. On a full charge, it delivers a WLTP range of 661 kilometres.
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