JSW MG Motor Price Promise: Amidst the increasing demand for electric vehicles in India JSW MG Motor India once again EV A big step has been taken towards making ownership easy and reliable. The company has already been introducing new and unique ownership models in the country. It is noteworthy that for the first time in India, MG Motor had brought BaaS (Battery as a Service) pricing model. After this, the company started an assured buyback program giving fixed resale value of 3 years, which received good response from the customers.
Now taking this initiative forward, the company has launched “Value Promise’ NAM has launched an Extended Assured Buyback Program, in which the period of buyback cover has been increased from 3 years to 5 years. The move is aimed at reducing resale value, the biggest concern of EV buyers in India as the electric car market is still in its nascent stage.
What is MG’s Extended Assured Buyback Programme?
For the first time in the auto industry, JSW MG Motor India has introduced a 5-year assured buyback program for EV customers. Earlier the company used to promise to give up to 60 percent of the fixed price of the vehicle after 3 years. Now under Value Promise this period has been increased to 5 years. In this scheme, customers will get fixed resale value of 40 percent to 60 percent.
This resale value will depend on which plan the customer chooses. The company has fixed different plans for 3 years, 4 years and 5 years, in which the fixed price of the vehicle will be pre-determined according to each period. MG clearly says that this buyback program is different from any loan or finance scheme.
Also read: New generation Kia Seltos will create a stir in India, will be launched next week with premium features and powerful engine.
Which customers will get the benefit?
Earlier this facility was available only for private customers, but now the company has opened it for commercial ZS EV owners and fleet operators as well. This program will be applicable on those vehicles which are up to 3 years old and whose annual running is up to 60,000 kilometers.
This new Value Promise program of the company is being run in collaboration with Zuno General Insurance. Its objective is to provide relief to EV buyers from the risk of depreciation of the vehicle for 5 years. With this, customers can decide whether to keep their car, return it to the company or upgrade to another MG car.
Comments are closed.