Tesla is offering a ‘Switch and Save’ scheme with the Model Y, providing a Rs 3 lakh bonus on the exchange of any combustion-engined car in India. In addition to the bonus, the Model Y is being offered with a 7-year loan at a Rs 6 lakh down payment with a monthly EMI of Rs 49,001 and an 8.5 percent APR.
- Tesla has sold 263 units of the Model Y till date
- Model Y prices range from Rs 57.89 lakh to Rs 67.89 lakh
The Model Y has not been as successful as the brand hoped it would be in India. A Bloomberg report had revealed that initially, Tesla received 600 bookings, a lot of which were eventually cancelled. As per the current sales data on the Vahan portal, Tesla has sold only 263 units of the EV till January 2026. We also reported that a flat Rs 2 lakh cash discount is being offered in January 2026 on the unsold MY2025 Model Y stock.
That said, the Model Y has garnered a lot of public interest in India, majorly because of its futuristic tech and looks. However, its hefty price tag, which we highlighted in our first-drive review, is one of the major reasons why the EV has seen low sales. Not just in India, but Tesla car sales have declined internationally as well. However, among all the markets where the Model Y is on sale, it is only India that gets such a unique exchange bonus with the EV. Such a benefit is likely to make the Model Y a better value-for-money proposition than before.
The Tesla Model Y is offered in India in two variants: Rear Wheel Drive and Long Range Rear Wheel Drive, which are priced at Rs 59.89 lakh and Rs 67.89 lakh, respectively.
All prices are ex-showroom, India.
Uday Singh
Lenny D'sa
Glenn Noronha
