Tesla’s October 23–25 carnival across India offers on-the-spot exchange deals, showroom financing and a complimentary Wall Connector with every car purchased.
Tesla has announced its Switch and Save Carnival across its Experience Centers in India from October 23 to 25, 2026, aiming to make Model Y ownership more accessible to buyers considering a move from petrol and diesel SUVs. The event runs from 11 AM to 8 PM and offers customers on-the-spot exchange valuations, financing through preferred banking partners and a complimentary Tesla Wall Connector with every car purchased during the carnival.
Tesla says the Model Y’s effective monthly ownership cost can start at Rs 19,990, with a down payment of Rs 6 lakh. This figure factors in estimated savings on fuel and maintenance against a conventional internal combustion engine (ICE) vehicle.
Tesla Model Y Ownership Cost Breakdown
Under the indicative financing plan outlined for the carnival, the Model Y’s monthly payment starts at Rs 39,990, alongside the Rs 6 lakh down payment. Tesla estimates that customers can save around Rs 20,000 per month on fuel and maintenance by switching from a petrol or diesel car.
| Ownership cost component | Amount |
|---|---|
| Down payment | Rs 6,00,000 |
| Indicative monthly payment | Rs 39,990 |
| Estimated monthly fuel and maintenance savings | Rs 20,000 |
| Effective monthly ownership cost | Rs 19,990 |
The company’s calculation includes potential savings on fuel, oil changes, scheduled servicing and brake wear. Regenerative braking reduces wear on brake pads, while over-the-air software updates can add features without requiring a dealer visit.
Tesla describes the Model Y as a vehicle with near-zero maintenance requirements compared with a conventional ICE car, although actual running costs and savings will depend on individual usage and local conditions.
Financing and Exchange Offers Available at Experience Centers
Customers visiting participating Tesla locations during the three-day event can compare the Model Y and Model Y L before making a purchase decision. Tesla is offering on-the-spot exchange valuations and financing arranged through its preferred banking partners at the showroom.
The monthly payment figures are indicative and subject to financier approval. Tesla’s stated calculation assumes a seven-year loan tenure, an annual percentage rate of 8.5% and a step-up EMI plan. Actual payments may vary, and other terms and conditions apply.
The estimated Rs 20,000 monthly savings also rely on specific assumptions, including Model Y energy consumption of 14.3kWh per 100km, a comparison vehicle efficiency of 8km per litre, electricity priced at Rs 7 per kWh and servicing costs of Rs 2 per kilometre. These assumptions are important when evaluating the effective ownership cost.
Model Y and Model Y L Available for Comparison
The carnival gives customers an opportunity to explore the 2026 Model Y Premium Rear-Wheel Drive and the six-seat Model Y L at Tesla’s Experience Centers. The initiative combines vehicle comparisons, financing and exchange support with the complimentary home charging equipment offer.
Tesla’s listed locations include Experience Centers in Noida, Delhi, Gurugram, Chennai, Hyderabad, Bengaluru and Mumbai, along with approved collision centers in Pune and Ahmedabad.
Customers can schedule a test drive through Tesla India’s official website at tesla.com/en_in/drive or call the toll-free number 1800-203-1538.
With the Switch and Save Carnival, Tesla is highlighting the potential monthly running-cost advantage of electric vehicle ownership while bringing exchange assistance and financing together at its showrooms. Buyers should review the financing terms and calculate savings based on their own driving distance, electricity tariff and current vehicle expenses before making a decision.
