MG Motor extends subscription model to all EVs, Comet now available for just Rs 4.99 lakh

JSW MG Motor India has announced that all its electric vehicle models can now can be purchased under BaaS (Battery as a service) model under which you can buy an EV at significantly less price but will have to pay a running cost.

So now you can buy the Comet EV for just Rs 4.99 lakh under BaaS model against its usual price of Rs 6.99 lakh (ex-showroom). At the new price, the Comet has become the cheapest electric vehicle available in India, with its closest rival being the Tata Tiago, priced at Rs 8 lakh. MG stated that customers opting for the Comet at the new price will have to pay a running cost of Rs 2.5 per km for battery usage.


"We believe that this unique initiative of offering Battery-as-a-Service (BaaS) will boost the adoption of zero-emission cars in the country. We have created a platform for easy ownership, making our EVs more accessible than ever," said Satinder Singh Bajwa, Chief Commercial Officer of JSW MG Motor.

Previously, the battery rental model was implemented with the launch of the Windsor electric SUV, which has an entry price of Rs 10 lakh and a running cost of Rs 3.5 per km. The Comet EV has a range of 230 km on a single charge.

The company said that the BaaS "is an optional Ownership model" that allows customers to choose between buying an MG EV on Ex Showroom price or through BaaS / Subscription.

"And, through BaaS and other initiatives like Free charging, life time warranty for 1st time owners, we are making EVs more accessible with a best Total Cost of Ownership package to car buyers instead focusing on making cheap/affordable," the company told ET.