The Indian market has not been Tesla’s most lucrative, but the carmaker is not giving up yet. The company has revealed a new Model Y trade in offer available until the end of March.
The new promo is tagged Tesla EV Switch & Save Program. Buyers who turn in their fossil-powered cars can get 3 lakh rupees (C$4,530/US$3,312), in addition to the value of their car.
The money will then go toward purchasing a Tesla Model Y (Rear-Wheel Drive).
The exchange can be done through the Spinny platform, where they can gain an extra 25,000 rupees (C$377/US$276) in exchange bonus.
Tesla is also introducing a new financing plan that customers can combine with the exchange bonuses. The EV maker will let buyers drive away with only a 6 lakh rupees (C$9,060/US$6,624) deposit, and monthly payments starting from 49,000 rupees (C$740/US$540).
Tesla will also throw in a free Wall Connector for home charging.
The Tesla Model Y starts at 59,89,000 rupees (C$90,400/US$66,120) in India. The Elon Musk-led company sold only 225 electric vehicles in the most populous country in 2025, thanks to high import duties. It opened its first showrooms in Mumbai and New Delhi but was off to a slow start after kicking off Model Y deliveries in September.
