How Much Can You Save With an EV Exchange Offer in 2025?
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It’s safe to say that in 2025, switching to electric vehicles (EVs) in India has become a financially smart and environmentally conscious decision. There are more reasons than ever for people who still hold onto their petrol and diesel vehicles to switch to EV to switch to an EV exchange offer. It can help drastically reduce upfront costs and help customers transition easily into the electric future.
This holds true for both big cities like Delhi and Mumbai, as well as fast-growing Tier-2 towns. EV exchange offers play a large role in helping middle-class families and corporate professionals upgrade to electric mobility easily.
Are you planning to buy an electric scooter? It’s time for you to explore this blog. Whether you’re in the lookout for a cool Chetak EV or a practical Tiago EV; you’ll find all the information you need here.
Without further ado, let’s start exploring.
What is an EV Exchange Offer?¶
An EV exchange offer is a discount program where you trade in your regular ICE (petrol/diesel) vehicle and get a noticeable discount on the price of a new electric vehicle. The vehicle you exchanged is eventually scrapped/resold. And overall, the customer benefits through:
- Exchange bonuses from manufacturers
- Instant dealer discounts
- Central and state government EV subsidies
- Low-interest green financing options
Combined, these benefits make an ev exchange one of the best, most valuable ways to upgrade to electric at a much lower price point.
Components of EV Savings in 2025¶
Let’s break down the savings you can expect from a typical EV exchange offer:
1. Manufacturer Exchange Bonuses
Firstly, it’s worth noting that major EV brands offer cash incentives when you opt for an EV exchange. Let’s explore it below.
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Tiago EV Exchange Offer
Tata Motors offers a ₹50,000 discount as part of the Tiago EV exchange offer, plus loyalty and festive bonuses. This makes the Tiago EV one of the most cost-effective electric hatchbacks in India.
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Bajaj Chetak EV Exchange Offer
The Bajaj Chetak EV exchange offer ranges between ₹5,000 and ₹8,000, depending on the condition of your old scooter. Some dealers even include insurance and extended warranty in the Chetak EV exchange offer.
2. Dealer-Level Incentives
Many local dealers are adding their own perks on top of manufacturer benefits.
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Ola EV Exchange Offer
Through select dealers, the Ola EV exchange offer includes a ₹4,000 discount when exchanging any working two-wheeler, plus up to ₹2,000 in charging credits.
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Exchange Offer EV Scooter Bundles
TVS and Hero dealerships have rolled out exchange offer EV scooter campaigns that include free accessories, maintenance plans, and cashback offers during special promotions.
3. Government Subsidies
Subsidies vary by state but can be substantial when added to your EV exchange offer.
| State | EV Scooter Subsidy | EV Car Subsidy |
| Delhi | ₹30,000 | ₹1.5 lakh |
| Maharashtra | ₹25,000 | ₹1.5 lakh |
| Gujarat | ₹20,000 | ₹1.0 lakh |
| Tamil Nadu | ₹15,000 | ₹1.0 lakh |
When you combine these with the ev exchange, your upfront cost can drop by 10–20%.
Why an EV Bike Exchange Offer Makes Sense¶
If you take a breath and just look at the numbers, it’s apparent that the two-wheeler segment is where EV adoption is booming. For city commuters and daily riders, an EV bike exchange offer can make a premium scooter more affordable than many petrol bikes.
You can learn all about it here:
Example: Swapping Old Petrol Scooter for Chetak EV
| Metric | Value |
| Chetak EV On-Road Price | ₹1,55,000 |
| Chetak EV Exchange Offer | -₹5,000 |
| Delhi Govt. Subsidy | -₹25,000 |
| Final Price After Savings | ₹1,25,000 |
| Fuel & Maintenance Savings/Year | ₹18,000 |
Over 3 years, you can save over ₹50,000 in operational costs—plus the ₹30,000 saved at the time of purchase. That’s a pretty good deal.
Four-Wheeler EV Exchange: A Bigger Win¶
Four-wheeler EV buyers can save significantly more. Want to look at the entire breakdown? Explore it here.
Tiago EV Exchange Offer Savings Breakdown:
| Component | Amount (₹) |
| On-Road Price | ₹10,50,000 |
| Tiago EV Exchange Offer | -₹50,000 |
| Loyalty Bonus | -₹25,000 |
| Maharashtra EV Subsidy | -₹1,50,000 |
| Final Cost After All Offers | ₹8,25,000 |
Total direct savings: ₹2.25 lakh
Long-term fuel + maintenance savings: ₹50,000+/year
Best EV Exchange Offers in June 2025¶
Here’s a live list of top offers you can grab now:
| Brand | Model | Exchange Bonus | Extras |
| Tata Motors | Tiago EV | ₹50,000 | Loyalty + Corporate Discounts |
| Bajaj | Chetak EV | ₹5,000–₹8,000 | Insurance + Helmet Combo |
| Ola Electric | Ola S1 Pro | ₹4,000 | Charging Credits + 1-Year AMC |
| TVS | iQube ST | ₹3,000–₹5,000 | Free Accessories |
| Hero | Vida V1 Plus | ₹4,000 | Extended Warranty + Service Packs |
Use these to evaluate the best exchange EV scooter options in your area.
What You Need to Avail an EV Exchange Offer¶
To take advantage of an EV exchange offer, ensure you have:
- Valid RC of old vehicle
- A pollution control certificate
- ID proof (Aadhaar/PAN)
- Bank details for subsidy credit
- Your old vehicle should be in running condition (for valuation)
Some dealers even arrange home inspection for the ev bike exchange offer or exchange EV scooter eligibility.
EV Cost Savings Calculator¶
Want to see your real savings potential? Use this simplified guide:
| Saving Type | Range (₹) |
| EV Exchange Bonus | ₹4,000–₹50,000 |
| State Subsidies | ₹15,000–₹1.5 lakh |
| Annual Fuel & Maintenance | ₹15,000–₹25,000 |
| Add-ons (accessories/warranty) | ₹2,000–₹5,000 |
Total 1st-Year Benefit: ₹80,000 – ₹2.2 lakh+
Why Now Is the Best Time for an EV Exchange¶
2025 is packed with opportunity:
- OEMs are under pressure to meet EV sales targets, so they’re offering aggressive exchange deals
- Battery prices are falling, but subsidies may be phased out in coming years
- Loan options are better with green financing available at lower interest rates
If you’re considering the Tiago EV exchange offer, the Ola EV exchange offer, or even a bajaj chetak ev exchange offer, the timing couldn’t be better.
FAQs on EV Exchange Offers
Q. Can I exchange a bike for an electric car?
- Not usually. EV exchange offers are category-specific—two-wheelers for two-wheelers, cars for cars.
Q. What if my old scooter is not in working condition?
- Some platforms still allow scrappage discounts. Check with local dealers.
Q. Is the EV exchange available for all brands?
- Not all. Popular brands like Tata, Bajaj, Ola, TVS, and Hero are leading the charge. Always confirm with your dealer.
Final Thoughts
A well-timed EV exchange offer can make electric vehicles genuinely affordable for the average PERSON. Combine them with fuel savings, minimal maintenance, and government incentives, and it becomes an unbeatable deal.
Still wondering if it’s worth it? When your old petrol bike can help you save ₹50,000–₹2,00,000, the choice is simple.
Looking to replace your ICE vehicle as soon as possible? Check out Ecozaar’s EV exchange to avail the best possible options for yourself.
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Tanushree (Author)
Tanushree is a dynamic business strategist with a knack for driving innovation in startups, especially in Fintech and Edtech. With 9 years of work-ex, an IT engineer from MIT Pune, & a MBA from IIM Bangalore (Marketing & Business Strategy), she’s got the mix of analytical and creative problem-solving.
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