Kamal Ghorui
In a bid to make the Tesla Model Y more attractive in India, the American carmaker has announced a new finance scheme that significantly lowers the monthly ownership cost. The company has now introduced EMI options that start at Rs 49,000 per month, with a down payment of Rs 6 lakh.The Model Y is currently sold in India in two variants: Rear-Wheel Drive and Long Range Rear-Wheel Drive. Prices stand at Rs 59.89 lakh and Rs 67.89 lakh, ex-showroom, respectively. Tesla reportedly sold 227 units in India last year from an initial batch of 300 vehicles. With the new finance scheme, Tesla is attempting to make the Model Y more accessible. While the company has not revealed the interest rate linked to the EMI plan, the final monthly payout will depend on the loan tenure and lender terms.
In terms of performance, the standard rear-wheel-drive Model Y offers a WLTP-certified range of 500 km. It can sprint from 0 to 100 kmPh in 5.9 seconds and has a top speed of 201 kmPh. The long-range version extends the WLTP range to 661 km, with a slightly quicker 0 to 100 kmPh time of 5.6 seconds, while retaining the same top speed.The company also has recently offered a significant Rs lakh discount on this electric car. By combining a Rs 2 lakh discount with lower monthly EMIs, Tesla is clearly aiming to reignite interest in its only India-bound model. Stay tuned to TOI Auto for latest updates on the automotive sector and do follow us on our social media handles on Facebook, Instagram and X.
