Get Your Rs 60 lakh Dream Tesla Without Breaking the Bank: SIP Plan Revealed!

Mumbai (The Uttam Hindu): Elon Musk's company Tesla, which has brought revolution in the world of electric cars, has finally made its official entry in India. The company has started its first experience center in Mumbai's Bandra Kurla Complex (BKC), where customers can take a test drive of Tesla's most popular electric car 'Model-Y'.

Tesla has made its debut in India with the Model-Y, which has a starting ex-showroom price of around Rs 60 lakh. Tesla is a dream car for many, but its high price remains a big deterrent.

What is the price and what are the variants?

Tesla Model-Y is offered in two variants in India:

Rear-Wheel Drive (RWD): Its ex-showroom price is Rs 59.89 lakh. This is a good option for entry into the world of Tesla.

All-Wheel Drive (AWD): Priced at Rs 66.89 lakh (ex-showroom). It offers better performance and all-weather driving capability.

Although these models offer Tesla's signature technology and a great driving experience, they lack some essential features like 360-degree camera, ventilated seats and phone connectivity, which are commonly found in cars in this price segment.

How to fulfill your Tesla dream through SIP?

If you also dream of buying a Tesla but your budget is coming in the way, then you can fulfill this dream in a few years through Systematic Investment Plan (SIP). SIP is a disciplined way of investing in mutual funds, which can give an average return of 10 to 12 percent. Let us know how much investment you will need (based on 7% inflation rate and 12% SIP return estimate):

Plan to buy Tesla in 5 years:

Target amount: After 5 years, Model Y may cost around Rs 95 lakh including inflation.

Monthly SIP: To achieve this target, you will have to do a SIP of around Rs 1.17 lakh every month.

If you have Rs 10 lakh: If you make a lump sum investment of Rs 10 lakh initially, your monthly SIP will reduce to around Rs 95,000.

Plan to buy Tesla in 10 years:

Target Amount: Estimated value of the car after 10 years would be around Rs 1.35 crore.

Monthly SIP: To get this huge amount, you need to invest only around Rs 45,000 per month.

This way, with a disciplined investment plan you can own your dream car Tesla in a few years.

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