Tesla Unveils 'EV Switch & Save Program' with Lucrative Exchange Benefits for Model Y in India
In a strategic move to accelerate electric vehicle adoption in the Indian market, Tesla has officially announced the launch of its new 'EV Switch & Save Program'. The American automaker revealed this initiative across its social media platforms, targeting prospective buyers looking to transition from conventional fuel vehicles to sustainable electric mobility.
Key Highlights of the Exchange-Led Offer
Under this innovative scheme, customers can avail an exchange bonus of up to Rs 3 lakh over the assessed value of their existing petrol or diesel car when purchasing the Model Y Rear-Wheel Drive variant. This financial incentive is designed to make the switch to electric vehicles more economically attractive for Indian consumers.
The offer is exclusively available to individuals who trade in any internal combustion engine (ICE) vehicle and place an order for the eligible Model Y variant. To enhance affordability, Tesla allows customers to combine this exchange benefit with their tailored financing plan, which requires a down payment of Rs 6 lakh and offers monthly EMIs starting from Rs 49,000.
Additional Perks and Performance Specifications
To further incentivize purchases, Tesla is including a complimentary wall connector with every Model Y sold under this program. This home charging solution enables owners to conveniently charge their vehicles overnight, addressing one of the common concerns about EV infrastructure.
In terms of performance capabilities, Tesla claims impressive specifications for the Model Y:
- Range: Up to 500 km for the standard variant and 622 km for the Long Range version on a single charge
- Acceleration: 0-100 kph in 5.9 seconds (standard) and 5.6 seconds (Long Range)
- Top Speed: 201 kph for both variants
- Fast Charging: Approximately 238 km of range added in 15 minutes for standard model, 267 km for Long Range
Important Conditions and Eligibility Criteria
While the offer presents significant value, Tesla has attached specific conditions that buyers must note:
- The exchange bonus applies only to select versions and color options of the Model Y Rear-Wheel Drive
- Customers must place orders and complete delivery by March 31, 2026 to qualify for the benefits
- The scheme cannot be combined with other promotional offers unless officially approved by the company
This limited-time initiative represents Tesla's continued efforts to penetrate the Indian automotive market while promoting sustainable transportation solutions. The program's structure particularly benefits those seeking to upgrade from traditional fuel vehicles to premium electric SUVs with enhanced financial support.
