MG rolls out 5-year assured buy-back for EVs

Gurugram, Dec 30: JSW MG Motor India on Monday announced an industry-first expansion of its Assured Buy-Back Programme for electric vehicles, extending the coverage from the existing three years to up to five years. The initiative aims to make EV ownership more predictable by guaranteeing a fixed resale value at the end of the chosen tenure.

A statement said that under the programme, MG EV owners can opt for assured buy-back after three, four or five years, with guaranteed resale values ranging between 40 and 60 percent, depending on the plan selected.

The scheme operates independently of loan or finance arrangements. For the first time in India, MG has also extended assured resale benefits to its EV commercial fleet, including MG ZS EVs up to three years old or with mileage capped at 60,000 km per annum.