Particle.news
Download on the App Store

JSW MG Motor Launches 5-Year Assured Buyback for EVs Under 'Value Promise'

The insurer-backed offer seeks to ease resale worries for EV buyers by guaranteeing predetermined values at term end.

Overview

  • Customers can lock in guaranteed resale values ranging from 40% to 60% with tenure choices of three, four, or five years, with up to 60% available after three years.
  • The programme applies across MG’s EV lineup, including the Comet EV, Windsor EV, and ZS EV, and it operates independently of any financing.
  • Value Promise is facilitated by Lockton India Insurance Broking and Advisory in partnership with Zuno General Insurance.
  • Eligibility now extends to commercial and fleet users of the MG ZS EV for vehicles up to three years old with usage capped at 60,000 km per year.
  • At the end of the selected term, owners can keep the vehicle, return it under the assured buyback, or upgrade to another MG model, a structure MG says is meant to reduce depreciation risk and support EV adoption.