Tesla India Launches EMI Scheme And Exchange Incentive

06 Feb 2026 CW Team

Under the financing option the Model Y can be bought with monthly instalments from Rs 49,000 and a down payment of Rs 0.6 mn, lowering the barrier to entry for a premium EV. Tesla began Model Y deliveries in September last year and sold 225 units in the same period according to data from the Federation of Automobile Dealers Associations (FADA).

Overall electric passenger vehicle retail sales rose to 176,817 units last year, up 77 per cent compared with 99,875 units in the 2024 calendar year, signalling broader market growth. The firm said the financing and exchange measures were intended to accelerate adoption by making ownership costs more predictable and by reducing the initial cash outlay. The exchange offer is aimed at customers trading in mid segment SUVs and sedans who are considering an upgrade.

The company said buyers switching to the Model Y could save up to Rs 20,000 per month through lower fuel and maintenance costs, highlighting the long term benefits and lower total cost of ownership for EVs. It cited an effective ownership cost starting at Rs 29,000 per month for customers upgrading from mid segment models, presenting a monthly economics case alongside the instalment figures. Together the measures aim to align monthly instalments with operational savings so that net monthly outflows are more attractive.

Market observers will assess whether the combination of tailored instalment plans and the exchange incentive is sufficient to convert interest into sustained retail sales for the brand in India. The company appears to be using targeted finance offers to broaden its customer base while deliveries scale up and after sales support develops. The measures reflect a wider industry trend of manufacturers deploying financing innovations and purchase incentives to stimulate EV adoption and to address affordability barriers.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Tesla India has launched initiatives to lift weak sales, including an equated monthly instalment scheme and an exchange incentive of Rs 0.3 mn for customers switching from petrol and diesel cars to electric vehicles (EVs). Under the financing option the Model Y can be bought with monthly instalments from Rs 49,000 and a down payment of Rs 0.6 mn, lowering the barrier to entry for a premium EV. Tesla began Model Y deliveries in September last year and sold 225 units in the same period according to data from the Federation of Automobile Dealers Associations (FADA). Overall electric passenger vehicle retail sales rose to 176,817 units last year, up 77 per cent compared with 99,875 units in the 2024 calendar year, signalling broader market growth. The firm said the financing and exchange measures were intended to accelerate adoption by making ownership costs more predictable and by reducing the initial cash outlay. The exchange offer is aimed at customers trading in mid segment SUVs and sedans who are considering an upgrade. The company said buyers switching to the Model Y could save up to Rs 20,000 per month through lower fuel and maintenance costs, highlighting the long term benefits and lower total cost of ownership for EVs. It cited an effective ownership cost starting at Rs 29,000 per month for customers upgrading from mid segment models, presenting a monthly economics case alongside the instalment figures. Together the measures aim to align monthly instalments with operational savings so that net monthly outflows are more attractive. Market observers will assess whether the combination of tailored instalment plans and the exchange incentive is sufficient to convert interest into sustained retail sales for the brand in India. The company appears to be using targeted finance offers to broaden its customer base while deliveries scale up and after sales support develops. The measures reflect a wider industry trend of manufacturers deploying financing innovations and purchase incentives to stimulate EV adoption and to address affordability barriers.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..