As electric mobility gains momentum in India, CARS24 has announced a collaboration with Tesla India to launch an integrated trade-in program to make the transition from petrol or diesel vehicles to electric vehicles simpler, faster and more seamless.
Traditionally, customers wanting to switch to electric vehicles have had to manage two separate processes – selling their existing vehicle and buying a new one. This new program combines both phases into a single, streamlined experience, reducing friction and simplifying the overall transition to electric mobility for customers.
Available for a limited period, this program offers an exchange bonus of ₹3 lakh from Tesla on petrol and diesel vehicles, along with an additional ₹25,000 exchange bonus from Cars24 on successful completion of a Tesla purchase, taking the total benefit on switching from an ICE car to an EV to ₹3.25 lakh.
The journey begins at Tesla Experience Centers, where customers searching for a Tesla Model Y can begin the exchange process as part of their purchase journey.
Customers can initiate the exchange journey by entering their vehicle details on the Cars24 website, app or Tesla Centre; They can get a preliminary price estimate and schedule a doorstep inspection at their convenience.
Following inspection, Cars24 provides a transparent price quote directly to the customer, with no obligation to proceed. Customers have complete flexibility to accept or reject the offer.
If the customer wishes to proceed, Cars24 manages the entire process from start to end, including vehicle pickup, payment directly into the customer’s bank account and ownership transfer, ensuring a completely hassle-free experience without paperwork or logistical challenges.
To further support customers in making the switch, Tesla is also offering financing options starting with a down payment of ₹6 lakh and EMIs from ₹49,000 per month, making the Tesla Model Y more accessible to a wider group of buyers. Model Y also supports convenient home charging, making everyday use simple and efficient.
In addition to the environmental benefits, electric vehicles offer significantly lower running and maintenance costs than conventional cars, making the switch both practical and affordable for customers.
As part of the program, customers who complete their Tesla purchase are eligible for an additional ₹25,000 Cars24 Bonus, which is deposited directly into their bank account upon delivery of their new Tesla.
Cars24 brings nationwide reach to its digital-first platform and partnerships, enabling seamless price discovery, instant payments and hassle-free ownership transfer for customers across India.
Gajendra Jangid, Co-Founder and CMO, CARS24, said, “At Cars24, our focus has always been on simplifying car transactions. Partnering with Tesla allows us to extend that convenience to customers transitioning to electric vehicles, managing everything from price discovery to payments and ownership transfer.”
