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JSW MG Motor India Launches 3–5-Year Guaranteed Buyback for EVs Under ‘Value Promise’

Insurance-backed guarantees fix 40–60% resale values to ease EV depreciation worries.

Overview

  • The programme covers MG's three India EVs — Comet EV, Windsor EV and ZS EV — with assured values set at purchase for 3, 4 or 5 years.
  • Customers can end the term by keeping the car, returning it for the guaranteed amount, or upgrading to another MG model.
  • MG says the scheme operates independently of financing, so eligibility does not depend on how the vehicle was bought.
  • The buyback guarantee is facilitated by Lockton India Insurance Broking and Advisory in partnership with Zuno General Insurance.
  • Commercial eligibility extends to ZS EV fleets within limits, including vehicles up to three years old with annual usage not exceeding 60,000 km.