By MG Motor India has made headlines by significantly reducing the prices of its popular electric vehicles, the MG Comet and ZS EV, through the introduction of a Battery-as-a-Service (BaaS) program. This innovative approach allows customers to lease the battery instead of purchasing it outright, making electric vehicle ownership more accessible.
Key Takeaways
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Price Reduction: MG Comet now starts at ₹4.99 lakh, while the ZS EV is priced at ₹13.99 lakh.
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Battery Rental: Customers will pay ₹2.5 per km for the Comet and ₹4.5 per km for the ZS EV.
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Buyback Guarantee: A 60% buyback value is assured after three years of ownership.
Overview Of The BaaS Program
The BaaS program, initially launched with the MG Windsor EV, allows customers to purchase the vehicle without the battery, significantly lowering the upfront cost. Instead, they pay a rental fee based on their usage of the battery.
Pricing Details
|
Model |
Old Price (Without BaaS) |
New Price (With BaaS) |
Price Reduction |
|---|---|---|---|
|
MG Comet |
₹6.99 lakh |
₹4.99 lakh |
₹2 lakh |
|
MG ZS EV |
₹18.98 lakh |
₹13.99 lakh |
₹4.99 lakh |
Battery Rental Costs
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MG Comet: ₹2.5 per km
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MG ZS EV: ₹4.5 per km
Vehicle Specifications
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MG Comet:
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MG ZS EV:
Benefits Of The BaaS Program
The BaaS program not only reduces the initial acquisition cost but also lowers the long-term running costs. This model is designed to make electric vehicles more affordable and flexible for consumers.
Future Plans
MG Motor India aims to expand its electric vehicle lineup, with plans to launch new models every six months, focusing on hybrids, plug-in hybrids, and battery-electric vehicles (BEVs). The company is also collaborating with finance partners to support the BaaS initiative, ensuring a smooth transition for customers into the electric vehicle market.
In conclusion, the introduction of the BaaS program marks a significant step towards making electric vehicles more accessible in India, aligning with the growing demand for sustainable transportation solutions.
