Tesla launches ‘Switch and Save programme’ in India with ₹3 lakh exchange bonus

Tesla has launched a “Switch and Save” programme in India for the Model Y. Buyers who exchange a petrol or diesel car can receive an incentive of up to ₹3 lakh. According to the electric vehicle-maker, the plan is designed to reduce the cost barrier for customers moving from combustion vehicles to electric vehicles.The carmaker is offering a finance option with a ₹6 lakh down payment and monthly instalments starting at ₹49,000 on a seven-year tenure at an 8.5 percent APR. The structure allows buyers to spread the purchase cost over a longer period while combining it with the exchange benefit.

Tesla has tied up with Spinny as a preferred exchange partner. Customers who route their old car sale through Spinny can get an additional exchange bonus of up to ₹25,000 at delivery. The arrangement enables selling the old vehicle and ordering a Tesla through a single digital process.
The company also claim state that lower fuel and maintenance needs can help Model Y owners save up to ₹20,000 per month. After factoring in these savings, the effective monthly cost of ownership may work out to about ₹29,000. A home wall connector is included, and charging is estimated to cost about ₹1 per km.Customers can list their current vehicles using the Spinny app, at Spinny hubs, or at Tesla centres. Test drives and support are available at Tesla Experience Centres in Mumbai, Delhi, and Gurugram. Orders are placed online through Tesla’s website.

In India, the Model Y comes in two rear-wheel-drive versions. One has a claimed range of 500 km. The long-range version is rated at up to 661 km (WLTP). Tesla says the vehicle has received top safety ratings from Euro NCAP, IIHS, and ANCAP.