Tesla has once again shaken the automotive world by offering the Tesla Model 3 at its lowest price ever—approximately ₹10,51,637.80 in Indian Rupees (based on global incentives and discounts). As Tesla continues its mission to make electric vehicles (EVs) accessible to the masses, this groundbreaking pricing has turned heads globally.
If you’re an EV enthusiast or considering a switch to an electric car, here’s why this deal is something you shouldn’t miss.
Why Tesla Is Slashing Prices?
Tesla operates differently from traditional automakers. Instead of selling vehicles to dealerships, Tesla sells directly to customers. This direct-to-consumer model ensures that Tesla’s revenue and profits are only realized once the vehicles are delivered to end-users.
As the year comes to a close, Tesla is motivated to push inventory to meet sales targets and close the quarter on a high note. This strategy has led to incredible offers like discounted prices, 0% APR financing, and even free Full Self-Driving (FSD) and supercharging packages.
The 10,51,637.80 INR Deal: How It Works
The Tesla Model 3 is priced lower than ever due to a combination of global incentives:
- Federal and State Tax Credits: In markets like the USA and Europe, federal tax credits contribute to substantial price reductions. Indian buyers can expect similar benefits if Tesla enters the market officially.
- Inventory Discounts: Tesla is offering discounts on inventory vehicles, including demo cars, to clear stock.
- Referral Programs: Buyers using referral links get additional discounts, making this already low price even more appealing.
Why Buy Now: Tesla’s End-of-Year Incentives
Tesla is offering a series of compelling incentives to drive sales, including:
1. Free Full Self-Driving (FSD) for 3 Months
This feature, valued at $15,000, is available free for the first three months. Buyers can experience Tesla’s advanced autonomous driving capabilities, including lane changes, navigation, and traffic-aware cruise control.
2. Free Supercharging for 3 Months
For long-distance travelers, this incentive can save significant amounts on charging costs. On a long road trip, you could save up to ₹2,50,000 in fuel or charging costs.
3. 0% APR Financing
Buyers can finance their Model 3 at 0% APR for up to 36 months. This eliminates interest costs, reducing the overall expense of owning a Tesla.
4. Referral Program Discounts
By using a referral link, buyers can save ₹83,000 to ₹1,66,000, depending on the model.
Key Features of the Tesla Model 3
The Tesla Model 3 offers a perfect balance of affordability, performance, and technology:
1. Design and Build
- Sleek, minimalist exterior with aerodynamic styling.
- A panoramic glass roof that enhances the cabin’s spacious feel.
2. Performance
- Range: Up to 358 miles (575 km) on a single charge.
- Acceleration: 0–100 km/h in just 5.8 seconds for the standard model.
- Top speed of 225 km/h.
3. Interior Features
- A 15-inch central touchscreen for navigation, entertainment, and vehicle controls.
- Premium audio system and wireless charging.
- Over-the-air updates to improve performance and add features.
4. Safety
- 5-star safety rating with advanced driver-assistance features.
- Autopilot and FSD capabilities enhance safety and convenience on highways.
The Cost Breakdown: How It Becomes Affordable
Here’s a closer look at how incentives reduce the price of the Tesla Model 3:
- Base Price: ₹29,00,000 (approximate global average price).
- Federal EV Tax Credit: ₹6,25,000 off (available in the US and similar markets).
- State and Local Incentives: Additional ₹2,50,000 off (varies by region).
- Referral Discount: ₹83,000 off.
- Inventory Discount: ₹1,66,000 off (for demo cars and overstock vehicles).
After applying these incentives, the effective price drops to ₹10,51,637.80.
Who Should Buy Now?
The current Tesla Model 3 deal is ideal for:
- First-Time EV Buyers: With reduced prices and incentives, the Model 3 offers an affordable entry into the world of electric cars.
- City Commuters: The Model 3’s efficiency, range, and compact size make it perfect for urban driving.
- Environmentally Conscious Buyers: Tesla’s zero-emission technology aligns with sustainable living goals.
Tesla Model 3 vs. Other EVs in India
If Tesla enters the Indian market officially, the Model 3 will compete with EVs like the Tata Nexon EV, MG ZS EV, and Hyundai Kona Electric. While these models offer competitive pricing, Tesla’s superior range, technology, and brand value give it an edge.
Future of Tesla in India
Although Tesla hasn’t officially launched in India yet, recent developments indicate that it’s only a matter of time. Local manufacturing in India could further reduce prices and make the Model 3 even more accessible.
5 Reasons Why This Tesla Deal Won’t Last
- Limited Inventory Discounts: Demo cars and inventory stock are cleared quickly.
- Tax Credits May Expire: Government incentives often have time limits or caps.
- 0% APR Financing Ends Soon: Tesla’s 0% APR financing is only valid for orders placed by December 15th.
- End-of-Year Push: Tesla’s aggressive pricing may revert to standard rates in January.
- Upcoming Models: Tesla is planning affordable EVs for 2025, but they may come with fewer features.
Should You Buy the Tesla Model 3 Now?
The Tesla Model 3 at ₹10,51,637.80 is an unprecedented deal in the world of electric vehicles. For buyers who prioritize affordability without compromising on technology and performance, this is a golden opportunity. However, with these incentives ending soon, hesitation might mean missing out.
If Tesla’s vision of making EVs affordable resonates with you, now is the perfect time to make the switch. For Indian buyers, this could mark the beginning of a new era in sustainable transportation.
Read More: Tata Curvv Review: Rear Comfort, Mileage & 5 Reasons Why It’s a Must-Buy
What is the range of the Tesla Model 3?
The Model 3 offers a range of up to 575 km on a full charge.
Can I charge the Tesla Model 3 at home?
Yes, Tesla provides home charging solutions compatible with standard Indian electric grids.
Is Tesla offering 0% APR financing in India?
Currently, the 0% APR financing is available in select global markets. Indian buyers may get similar benefits upon Tesla’s official entry.
What’s the difference between the Model 3 and Model Y?
The Model 3 is a sedan, while the Model Y is a compact SUV with more space and slightly higher pricing.
Will Tesla launch the Model 3 in India soon?
While there’s no official date, Tesla’s plans for India are progressing, with local manufacturing expected in the near future.