Cars24 has announced a major collaboration with Tesla India to launch an integrated trade-in program for vehicle owners. This initiative is designed to simplify the transition from petrol and diesel cars to electric vehicles in India. Starting from April 7, 2026, customers can trade their old internal combustion engine vehicles for a new Tesla Model Y with significant financial benefits.
Financial Benefits and EMI Details for Tesla Model Y
Under this new program, Tesla is offering an exchange bonus of ₹3 lakh for petrol and diesel vehicles. Additionally, Cars24 provides a ₹25,000 bonus once the Tesla purchase is finalized, bringing the total benefit to ₹3.25 lakh. The Tesla Model Y is being offered with a down payment starting at ₹6 lakh and monthly EMIs from ₹49,000. Owners can save approximately ₹20,000 per month on fuel and maintenance, making the effective EMI cost around ₹29,000.
Key Features of the Cars24 and Tesla Collaboration
| Benefit Type | Amount or Detail |
|---|---|
| Tesla Exchange Bonus | ₹3 Lakh |
| Cars24 Additional Bonus | ₹25,000 |
| Total Savings for Customer | ₹3.25 Lakh |
| Starting EMI | ₹49,000 per month |
| Home Charging Cost | ₹1 per kilometer |
| Service Type | Doorstep inspection and transparent pricing |
How to Avail the Tesla Trade-in Offer
The process begins at a Tesla Experience Center or through the Cars24 digital platforms. Customers need to submit their vehicle details to get an initial price estimate and book a doorstep inspection. Cars24 handles all the paperwork, including ownership transfer and direct bank payments. To receive the Tesla exchange bonus, owners must provide proof of the sale of their old car before the final Tesla invoice is generated. This ensures a hassle-free experience for those looking to upgrade to electric mobility.
