Electric vehicles (EVs) are gaining attention in India, but many first-time buyers still have worries about- what will my EV be worth after a few years? MG Motor India is trying to solve exactly this problem by extending its Assured Buy Back Program, which makes EV ownership simpler and more reassuring. Here are some questions explained to help readers understand what this move really means.
What is MG Motor India’s Assured Buy Back Program?
MG’s Assured Buy Back Program is a scheme that guarantees a fixed resale value for your electric car at the time of purchase. This means buyers already know how much their EV will be worth after a certain number of years, reducing uncertainty and fear of depreciation.
What’s new in the updated program?
Earlier,
the buy-back option was limited to three years. MG has now extended this period to up to five years. Customers can choose a buy-back tenure of three, four, or five years, depending on what suits them best.
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How much resale value does MG guarantee?
The assured resale value ranges between 40% and 60% of the vehicle’s original price.
- A three-year buy-back still offers up to 60% value.
- Four and five-year plans offer slightly lower values, but still provide strong financial clarity.
Is this scheme linked to loans or financing?
No. One of the biggest advantages of this program is that it is independent of financing. Whether you buy your MG EV using cash or a loan, the assured buy-back benefit remains the same.
Who can use this program?
The scheme is available to private EV owners across MG’s electric lineup. For the first time, commercial users of the MG ZS EV are also included, with conditions such as a maximum ownership of three years or up to 60,000 km per year.
What choices do customers have at the end of the term?
When the selected buy-back period ends, customers can keep the car, return it to MG under the assured buy-back terms and exchange it for another MG vehicle. This flexibility makes ownership stress-free.
Why is this important for EV buyers?
Many buyers worry about battery life, resale value, and long-term costs of EVs. Since batteries are a major expense, resale value has always been a concern. MG’s initiative directly addresses this issue by offering clarity and confidence.
Which MG electric cars are covered?
MG currently sells the Comet EV, Windsor EV, ZS EV, Cyberster, and M9 in India, and the buy-back program applies across its EV portfolio.
What does MG say about this move?
According to Anurag Mehrotra, Managing Director of JSW MG Motor India, resale value is one of the biggest concerns for EV buyers. The company believes this initiative will build trust and accelerate EV adoption across the country.
