Tesla Model Y EMI Buying Guide: Here's How Much You'll Pay Each Month
For the calculations, we have considered the top-spec variant of the Tesla Model Y, the Long Range RWD
Published On May 07, 2026 07:03 PM By Yashein
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Tesla's Model Y is India's first taste of the American EV giant, and it's made a loud entrance. The Model Y is offered in three variants in India, with prices ranging from Rs 59.89 lakh to Rs 67.89 lakh (all prices are ex-showroom). Sitting firmly in the premium electric SUV space, it offers a well-rounded package with modern design, a tech-loaded interior, and impressive specifications.
If you've shortlisted the Model Y and are considering availing an auto loan, understanding your monthly expense is crucial. We had already detailed the booking process previously and to make it easier for you to understand, we've broken down the EMI details for the top-spec Long Range RWD variant, which is the most expensive trim of the Model Y in New Delhi with these parameters:
| Variant |
Tesla Model Y Rear-wheel drive Long Range |
| On-road price (New Delhi) |
Rs 71,36,178 |
| Down Payment (around 20% of the on-road price) |
Rs 14,20,000 |
| Loan amount |
Rs 57,16,178 |
| Interest Rate |
9.5 % |
You can also check out this story to know more about how much the Model Y costs on-road in the top 5 cities in India.
| Disclaimer: The EMI you pay will vary depending on the variant, down payment made, and interest rate applied. The interest rate offered on car loans will vary based on your CIBIL score. For this calculation, we have considered a standard rate of 9.5 percent. For more details, we suggest you contact your nearest dealership and bank. |
3 Years
For a 3-year loan tenure, the monthly EMI for the top-spec Model Y will be Rs 1.86 lakh.
Down Payment: Rs 14.2 lakh
Total EMI Payment: Rs 65.92 lakh (including Rs 8.76 lakh interest)
Total Cost After 3 Years: Rs 80.12 lakh
4 Years
For a 4-year loan tenure, you will end up paying a monthly EMI of Rs 1.44 lakh
Down Payment: Rs 14.2 lakh
Total EMI Payment: Rs 68.93 lakh (including Rs 11.77 lakh interest)
Total Cost After 4 Years: Rs 83.13 lakh
5 Years
The monthly EMI for a 5-year loan tenure will cost up to Rs 1.2 lakh.
Down Payment: Rs 14.2 lakh
Total EMI Payment: Rs 72.03 lakh (including Rs 14.87 lakh interest)
Total Cost After 5 Years: Rs 86.23 lakh
7 Years
For a 7-year loan tenure, the monthly EMI for the top-spec Model Y will be Rs 93,425.
Down Payment: Rs 14.2 lakh
Total EMI Payment: Rs 78.48 lakh (including Rs 21.32 lakh interest)
Total Cost After 7 Years: Rs 92.68 lakh
Tesla Model Y: Overview
The Tesla Model Y is the American carmaker’s first EV in India, priced from Rs 59.89 lakh (ex-showroom), available across three different variants. It is now also available in the Model Y L guise, which offers extra legroom and an extra row of seats.
Want to know more about the latest version of the Model Y? Check out this story.
The Tesla Model Y comes with features such as a 16-inch infotainment, wireless Apple CarPlay and Android Auto, heated and ventilated front seats, ventilated rear seats, an 18-speaker sound system, dual-zone climate control, a head-up display, a rear entertainment screen, power operation for second-row seats, wireless phone charging and a panoramic glass roof.
Safety features include multiple airbags, ESC (electronic stability control), hill hold assist, electronic parking brake with auto-hold, front and rear parking sensors, ADAS features, and a 360-degree camera. In the future, it will also come with full self-driving features at an additional cost.
Here’s a look at the powertrain specifications of the Model Y:
| Drivetrain |
Rear-wheel drive |
Rear-wheel drive Long range |
All-wheel drive |
| Claimed range |
500 km |
622 km |
681 km |
| Motor(s) |
Single |
Single |
Dual |
| Acceleration (0 to 100 kmph) |
5.9 seconds |
5.6 seconds |
5 seconds |
CarDekho Says
The Tesla Model Y is one of the most exciting EVs currently in India, mainly due to its brand value at this price point. Financing it through a loan can make ownership easier for many buyers. A 3 or 4-year tenure is ideal if you want to reduce the total interest paid, while a 5 or 7-year tenure will lower your monthly EMI but significantly increase your overall spending.
You can also explore various EMI combinations using CarDekho’s online car loan calculator, depending on your variant, down payment, interest rate, and preferred loan tenure. If you are planning to book the Model Y, then we recommend you check out our report on the Model Y’s booking details.
