JSW MG Motor India has announced an expanded assured buyback program for its electric vehicles. The program, called the MG Value Promise, now offers assured buyback options at the end of three, four, or five years. Until now, MG’s buyback scheme was limited to a three-year tenure, with a guaranteed resale value of up to 60 per cent. With the latest update, the company has extended the coverage period to five years.
What the assured buyback program offers
Under the scheme, customers can choose a tenure of three, four, or five years at the time of purchase. At the end of the selected period, owners can either retain the vehicle, surrender it to avail the assured resale value, or upgrade to a new MG model. The buyback program is not linked to any specific finance or loan package, and customers can opt for it independently.
Check similar Cars
The assured buyback offer applies to all three electric vehicles currently sold by MG in India: the MG Comet EV, MG Windsor EV, and MG ZS EV. In addition, MG has confirmed that commercial users of the MG ZS EV will also be eligible for the buyback program, though this is limited to a three-year tenure or up to 60,000 km, whichever comes earlier. MG's buyback program is facilitated by Lockton India Insurance Broking and Advisory Ltd in partnership with Zuno General Insurance.
(Also Read: MG Hector and Hector Plus facelift: Variant-wise prices and specifications)
Models covered under the scheme
{{/usCountry}}(Also Read: MG Hector and Hector Plus facelift: Variant-wise prices and specifications)
Models covered under the scheme
{{/usCountry}}MG currently has three EVs in its Indian portfolio. The MG Windsor EV is priced between ₹13.99 lakh and ₹18.39 lakh (ex-showroom). It is also offered under the Battery-as-a-Service (BaaS) model, where prices start at ₹9.99 lakh, with battery usage charged at ₹3.9 per km. The MG Comet EV is priced from ₹7.49 lakh to ₹9.99 lakh (ex-showroom), with a BaaS option starting at ₹4.99 lakh and a battery rental of ₹3.1 per km. The MG ZS EV is priced between ₹17.99 lakh and ₹20.49 lakh (ex-showroom), while its BaaS variant starts at around ₹13 lakh, with battery rental priced at ₹4.5 per km.
Commenting on the announcement, Anurag Mehrotra, Managing Director, JSW MG Motor India, said that resale value remains a key concern for EV buyers. He added that the assured buyback program is designed to offer greater peace of mind and encourage wider adoption of electric vehicles by reducing uncertainty around long-term ownership.