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Tesla Model Y Gets Rs 3 Lakh Benefit on Petrol, Diesel Car Exchange in India

Under Tesla India's 'Switch and Save’ programme, the Model Y electric SUV comes with an exchange incentive of up to Rs 3 lakh, encouraging petrol and diesel car owners to switch to EVs.

By Sanorita

8 Feb, 2026

2 min read

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Tesla has rolled out an exchange offer of up to Rs 3 lakh on the Model Y for buyers who trade in their petrol or diesel cars. This move, as part of the brand's 'Switch and Save' programme, aims to boost sales of Tesla's sole model in the country while accelerating EV adoption. In addition, Tesla is offering the Model Y on EMIs starting at Rs 49,000 per month with a down payment of Rs 6 lakh, subject to terms and conditions.

According to Tesla, switching to the Model Y can help buyers save as much as Rs 20,000 per month on fuel and maintenance, compared to a similar premium petrol or diesel car driven about 1,500 km per month. With these savings, the effective monthly cost of owning a Model Y comes to around Rs 29,000. 

Also Read: Tesla Model Y First Drive Impressions: Perfect Fit for India?

Tesla has also announced a complimentary wall connector with the Model Y, reducing home charging costs to around Rs 1 per kilometre, adding to the overall cost savings of switching to an electric vehicle.

Tesla Model Y:  Exterior and Interior

The Tesla Model Y draws inspiration from the globally popular Model 3 Highland. The SUV features slim LED headlamps, a sculpted front fascia, and a smooth, flowing silhouette. The side profile is accentuated by 19-inch alloy wheels and an upward-sweeping window line. At the rear, connected LED taillights round off the contemporary look. 

Inside, the Model Y boasts a minimalist all-black theme, with an optional black-and-white dual-tone upgrade at Rs 95,000. It features a 15.4-inch central touchscreen that manages nearly all vehicle functions. Other amenities include reclining rear seats, rear AC vents,  a wireless phone charger, a 9-speaker sound system, an 8-inch rear entertainment screen, and an air purifier. In terms of safety, the Model Y comes equipped with an integrated dashcam and multiple airbags. Tesla offers its Full Self-Driving (FSD) package as an optional upgrade, priced at Rs 6 lakh.

Tesla Model Y: Powertrain

The Tesla Model Y is available in India in two variants: the Rear-Wheel Drive and the Long Range Rear-Wheel Drive. The standard Rear-Wheel Drive model offers a WLTP-certified range of 500 kilometres, and is priced at Rs 59.89 lakh. The Long Range Rear-Wheel Drive version boosts the driving range to 661 kilometres, and is priced at Rs 67.89 lakh. Both prices are ex-showroom.

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