can we change the instance name
The name of the virtual server is always the same as the name of the SQL Network Name (the SQL Virtual Server Network Name). You can change the name of the virtual server, you cannot change the instance name like in the case of standalone named instance. You can change a virtual SQL server named SQLServerinstance1 to some other name, such as SQLServerNewinstance1, but the instance part of the name, instance1, will remain unchanged.