Tesla Model 3 Lease Slashed To ₹29K/Month Amid Sales Dip
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In a bid to revive demand following a slowdown in deliveries, Tesla has introduced a significant price cut for its Model 3 lease programme. The company is now offering its popular electric sedan at a new monthly lease rate of just ₹29,000, with no down payment and a 24-month term. The move is expected to boost interest in the brand, particularly as competition in the electric vehicle market intensifies.
All-Electric Sedan Now More Accessible Than Ever
The revised lease deal applies to the Long Range Rear-Wheel Drive version of the Model 3. Known for its blend of performance and efficiency, the model now becomes one of the most affordable luxury EVs to lease in its category. With the lowered cost barrier, the company is hoping to appeal to a broader customer base, including those previously hesitant to switch from traditional petrol or diesel vehicles.
Performance and Range That Impress
Despite the new lease price, there are no compromises in what the Model 3 offers. The vehicle features a 75 kWh battery pack that enables an estimated range of around 584 km on a single charge, based on official testing standards. The electric sedan can sprint from 0 to 100 km/h in approximately 5.9 seconds and reaches a top speed of about 233 km/h. Energy efficiency is another key highlight, with consumption rated between 16–17 kWh per 100 km, making it one of the most energy-efficient electric sedans in its class.
Strategic Timing Ahead of New Market Launch
The timing of this lease price revision is strategic, as the company prepares to expand into new international markets. It has recently been testing models in India and is expected to launch with an entry-level EV priced around ₹22 lakh. This more affordable model is anticipated to serve as a gateway product for Indian buyers, with a focus on balancing price, range, and features.
Additionally, the company is actively establishing a physical presence in the country, including plans for a showroom in a major metropolitan city. This signals a long-term commitment to the Indian EV landscape, which is currently witnessing rapid growth in infrastructure and consumer interest.
What It Means for the Global EV Market
This aggressive pricing move may have ripple effects across the industry, prompting competitors to reconsider their lease and financing offerings. As manufacturers vie for a larger share of the growing EV market, particularly in Asia, affordability is likely to become a key battleground.
Experts suggest that such lease models could accelerate the transition from traditional ownership to flexible, low-cost access to electric vehicles. For consumers, it offers a practical way to experience an EV without the long-term financial commitment of purchasing.
A Step Towards Wider EV Adoption
The reduced lease rate not only enhances accessibility but also aligns with the company’s broader goal of promoting sustainable mobility on a global scale. By lowering monthly costs, it’s removing one of the key barriers to EV adoption – affordability.
Whether this pricing strategy pays off in terms of market share remains to be seen, but it certainly places the Model 3 back into the spotlight as a strong contender in the electric vehicle space.
All-Electric Sedan Now More Accessible Than Ever
The revised lease deal applies to the Long Range Rear-Wheel Drive version of the Model 3. Known for its blend of performance and efficiency, the model now becomes one of the most affordable luxury EVs to lease in its category. With the lowered cost barrier, the company is hoping to appeal to a broader customer base, including those previously hesitant to switch from traditional petrol or diesel vehicles.
Performance and Range That Impress
Despite the new lease price, there are no compromises in what the Model 3 offers. The vehicle features a 75 kWh battery pack that enables an estimated range of around 584 km on a single charge, based on official testing standards. The electric sedan can sprint from 0 to 100 km/h in approximately 5.9 seconds and reaches a top speed of about 233 km/h. Energy efficiency is another key highlight, with consumption rated between 16–17 kWh per 100 km, making it one of the most energy-efficient electric sedans in its class.
Strategic Timing Ahead of New Market Launch
The timing of this lease price revision is strategic, as the company prepares to expand into new international markets. It has recently been testing models in India and is expected to launch with an entry-level EV priced around ₹22 lakh. This more affordable model is anticipated to serve as a gateway product for Indian buyers, with a focus on balancing price, range, and features.
Additionally, the company is actively establishing a physical presence in the country, including plans for a showroom in a major metropolitan city. This signals a long-term commitment to the Indian EV landscape, which is currently witnessing rapid growth in infrastructure and consumer interest.
What It Means for the Global EV Market
This aggressive pricing move may have ripple effects across the industry, prompting competitors to reconsider their lease and financing offerings. As manufacturers vie for a larger share of the growing EV market, particularly in Asia, affordability is likely to become a key battleground.
Experts suggest that such lease models could accelerate the transition from traditional ownership to flexible, low-cost access to electric vehicles. For consumers, it offers a practical way to experience an EV without the long-term financial commitment of purchasing.
A Step Towards Wider EV Adoption
The reduced lease rate not only enhances accessibility but also aligns with the company’s broader goal of promoting sustainable mobility on a global scale. By lowering monthly costs, it’s removing one of the key barriers to EV adoption – affordability.
Whether this pricing strategy pays off in terms of market share remains to be seen, but it certainly places the Model 3 back into the spotlight as a strong contender in the electric vehicle space.
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