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Indian used-car marketplace Spinny has announced a strategic partnership with electric vehicle maker Tesla Inc. to simplify the transition from internal combustion engine (ICE) vehicles to electric mobility for Indian consumers.
Under the partnership, Spinny will become Tesla’s preferred exchange partner and integrate its car-selling platform with Tesla ownership. The collaboration is part of Tesla’s ‘Switch and Save’ programme, which aims to make EV adoption easier by streamlining the vehicle exchange process and improving accessibility to electric cars.
The initiative offers attractive financial benefits to customers. Through Tesla’s exchange programme, buyers can avail an exchange incentive of up to 3 lakh, along with a Spinny-exclusive bonus of up to 25,000 on delivery. Flexible financing options are also being offered, including monthly instalments starting at 49,000 with a down payment of 6 lakh.
Tesla estimates that lower operating and maintenance costs could help EV owners save up to ₹20,000 per month compared to premium petrol or diesel vehicles. Additionally, customers purchasing the Tesla Model Y will receive a complimentary wall connector, enabling home charging at an estimated cost of around ₹1 per kilometre.
Consumers can sell their existing vehicles through the Spinny app, at a Spinny Hub, or directly at a Tesla Centre. Commenting on the partnership, Spinny Founder and CEO Niraj Singh said the collaboration is aimed at making the shift to electric vehicles simple, seamless, and rewarding for Indian consumers.
By addressing challenges related to vehicle valuation and documentation, Spinny and Tesla aim to build greater consumer confidence and tap into the significant growth potential of electric vehicle adoption in the Indian market.
