Tesla Promotes Model Y at ₹19,990 a Month After Fuel and Service Savings

Image source- Tesla

Tesla India is offering the Model Y at an effective starting cost of ₹19,990 per month under its latest ownership campaign. According to the company’s official post on X, the offer requires a down payment of ₹6 lakh and promises savings of up to ₹20,000 every month on petrol and maintenance costs. The offer is valid until Diwali, subject to the applicable terms and conditions.The offer is part of Tesla’s “Switch and Save Carnival”.

The ₹19,990 figure is an effective monthly cost rather than the actual loan instalment. Tesla’s financing calculation includes a monthly payment of ₹39,990 under a seven-year step-up EMI plan at an interest rate of 8.5%. The company arrives at the lower figure by deducting estimated savings on fuel and maintenance from the EMI.

Tesla has based its calculation on a Model Y efficiency figure of 14.3 kWh per 100 km, compared with an estimated 8 km per litre for a petrol or diesel SUV. It has also considered electricity costs of ₹7 per kWh and maintenance expenses of ₹2 per km. However, actual savings will depend on how much the car is driven, local fuel and electricity prices, and access to home charging.

The carnival also included exchange evaluations, financing assistance through partner banks and a complimentary Tesla Wall Connector with every purchase made during the event. Customers could compare the Model Y with the larger six-seater Model Y L. While the offer highlights the potential benefits of switching to an electric SUV, buyers must also consider the down payment, insurance, registration, loan interest and home-charging requirements before calculating the Model Y’s total ownership cost.

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