Tesla India Offers EMI, Exchange Incentive To Boost Sales

New Delhi : EV giant Tesla India on Tuesday said it has launched various initiatives, including EMI scheme, to boost weak sales in the country. To encourage customers to switch from petrol and diesel vehicles to electric, Tesla said it is offering a switch incentive of Rs 3 lakh.

He also added that customers can now buy the Model Y in monthly installments starting from Rs 49,000, with a down payment of just Rs 6 lakh, significantly lowering the barrier of entry for premium electric vehicles.

Tesla India started deliveries of the Model Y in September last year.

According to EV sales data shared by FADA, Tesla India managed to sell 225 units last year.

Overall electric passenger vehicle retail sales rose 77 per cent to 1,76,817 units last year compared to 99,875 units in calendar year 2024.

In the statement, it was stated that customers can save up to Rs 20,000 per month by switching to Tesla Model Y due to reduced fuel and maintenance costs, underlining the long-term cost advantages and lower total cost of ownership of EVs.

The company also said that it is giving mid-segment SUV and sedan owners the opportunity to upgrade to Tesla at an effective ownership cost starting from Rs 29,000 per month.