MG Electric Car Price in India Latest Updates and Deals

MG electric car prices in India start at just ₹12.98 lakh (ex-showroom), making them a competitive choice in the growing EV market. With the latest updates, MG offers attractive deals, including cash discounts, exchange bonuses, and low-interest financing on models like the ZS EV and Comet EV. These offers, combined with rising fuel costs, position MG as a smart, sustainable option for Indian buyers in 2024.

Key Takeaways

• Check latest prices: MG electric car prices start at ₹12 lakh in India.
• Compare models: Evaluate ZS EV and Comet EV for best value deals.
• Grab festive offers: Limited-time discounts up to ₹1.5 lakh available.
• Verify subsidies: State incentives can reduce on-road price by 10-15%.
• Review EMI options: Flexible financing starts at ₹15,000/month.
• Test drive first: Free test drives at all MG showrooms nationwide.
• Monitor updates: New variants launching soon—subscribe for alerts.

MG Electric Car Price in India: A Comprehensive Guide to the Latest Updates and Deals

The electric vehicle (EV) revolution is sweeping across India, and MG Motor India is at the forefront of this transformation. Known for its blend of innovation, style, and value-for-money offerings, MG has carved a niche in the competitive Indian EV market. With the government pushing for cleaner mobility and rising fuel prices nudging consumers toward sustainable alternatives, MG’s electric cars have become a compelling choice. Whether you’re a tech-savvy urban dweller or a family looking for a reliable and eco-friendly ride, MG’s electric lineup promises to deliver on both performance and affordability.

But with multiple models, frequent price revisions, and a slew of government incentives, navigating the MG electric car price in India landscape can be overwhelming. This guide aims to simplify your decision-making process by providing the most up-to-date pricing, exclusive deals, and expert insights into the value proposition of each model. From the compact and affordable to the premium and feature-rich, we’ll break down everything you need to know—including on-road prices, financing options, and how to maximize savings through subsidies. Buckle up as we explore the latest updates and best deals to help you make an informed and cost-effective choice in the world of electric mobility.

Why MG Electric Cars Are a Game-Changer in India

MG Motor India, a subsidiary of SAIC Motor Corporation, has disrupted the Indian automotive market with its focus on smart technology, modern design, and customer-centric features. Since launching its first electric vehicle, the MG ZS EV, the brand has steadily expanded its portfolio to meet the diverse needs of Indian consumers. But what makes MG electric cars stand out in a crowded market?

Cutting-Edge Technology and Smart Features

MG electric cars are not just about zero emissions; they are packed with advanced technology that enhances both safety and convenience. For instance, the MG ZS EV comes with a 10.1-inch touchscreen infotainment system, Apple CarPlay, Android Auto, a panoramic sunroof, and a 360-degree camera. The newer MG Comet EV, aimed at urban commuters, features a digital key, remote climate control, and over-the-air (OTA) updates—features typically found in premium EVs.

Moreover, MG’s i-SMART 2.0 system offers real-time vehicle diagnostics, geofencing, and voice commands, making the driving experience intuitive and connected. These features, combined with robust build quality, give MG a competitive edge over other budget EVs in India.

Competitive Pricing and Value for Money

One of the biggest reasons MG electric cars have gained traction is their pricing strategy. Unlike some EV brands that position themselves as luxury-only, MG strikes a balance between affordability and premium features. For example, the MG ZS EV starts at around ₹18.98 lakh (ex-showroom), which is significantly lower than many of its international counterparts. This makes it accessible to a broader audience, including first-time EV buyers.

Additionally, MG often rolls out limited-time offers, such as free charging installation, reduced interest rates on loans, and loyalty bonuses for existing MG owners. These deals, combined with the lower cost of ownership (thanks to fewer moving parts and reduced maintenance), make MG EVs a smart financial investment.

Government Incentives and Subsidies

The Indian government is actively promoting EV adoption through the FAME II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme. Under this program, buyers of eligible EVs like the MG ZS EV and MG Comet EV can avail of subsidies ranging from ₹15,000 to ₹1.5 lakh, depending on the vehicle’s battery capacity and state-specific policies. For instance, states like Delhi, Maharashtra, and Karnataka offer additional incentives, including road tax exemptions and registration fee waivers.

Tip: Always check with your local MG dealership about state-specific subsidies. Some dealers even assist with paperwork, making the process hassle-free. By combining central and state incentives, you could save up to ₹2–3 lakh on your MG electric car purchase.

MG Electric Car Models: Pricing, Features, and On-Road Costs

MG currently offers two main electric car models in India: the MG ZS EV and the MG Comet EV. Each caters to a different segment of the market, and understanding their differences is key to making the right choice.

MG ZS EV: The Premium Electric SUV

The MG ZS EV is a 5-seater electric SUV that blends style, performance, and practicality. It’s ideal for families, long-distance travelers, and those who want a spacious EV with premium features. As of 2024, the MG ZS EV price in India starts at ₹18.98 lakh (ex-showroom) for the base Excite variant, going up to ₹26.38 lakh for the top-end Essence trim.

• Excite: ₹18.98 lakh (ex-showroom) – 44.5 kWh battery, 340 km range (ARAI)
• Exclusive: ₹22.88 lakh – 50.3 kWh battery, 419 km range
• Essence: ₹26.38 lakh – 50.3 kWh battery, 419 km range, panoramic sunroof, ADAS features

On-road prices (including insurance, registration, and taxes) typically add ₹2–3 lakh, depending on the state. For example, in Delhi, the on-road price for the Exclusive variant is around ₹24.5 lakh, while in Mumbai, it may touch ₹25.8 lakh due to higher road tax.

The ZS EV is powered by a 176 PS electric motor and offers fast charging (0-80% in 50 minutes via a 50 kW DC charger). It also features Level 2 ADAS (Advanced Driver Assistance Systems), including lane keep assist and adaptive cruise control in the Essence trim.

MG Comet EV: The Compact Urban Commuter

The MG Comet EV is a game-changer for city dwellers. With its ultra-compact dimensions (2,974 mm length) and agile handling, it’s perfect for navigating congested streets and tight parking spots. Priced between ₹7.98 lakh and ₹9.98 lakh (ex-showroom), it’s one of the most affordable EVs in India.

• Pace: ₹7.98 lakh – 17.3 kWh battery, 230 km range (ARAI)
• Play: ₹8.98 lakh – 17.3 kWh battery, 230 km range, touchscreen, keyless entry
• Plush: ₹9.98 lakh – 17.3 kWh battery, 230 km range, rear parking camera, wireless charging

On-road prices range from ₹8.8 lakh to ₹11.2 lakh, depending on the state. The Comet EV uses a 41 PS electric motor and takes 7–8 hours to charge via a standard 3.3 kW AC charger. While its range is modest, it’s ideal for daily commutes of 30–50 km.

Pro Tip: If you’re considering the Comet EV, opt for the “Play” or “Plush” variants to get essential features like a touchscreen and rear camera. The base “Pace” model lacks these, which could reduce resale value.

Upcoming Models and Future Updates

MG is not stopping here. The brand has teased several upcoming EVs, including the MG Cyberster, a high-performance electric roadster, and an all-new mid-size electric SUV expected in 2025. While pricing for these models hasn’t been announced, industry experts predict the Cyberster could start at ₹70–80 lakh, positioning it as a luxury performance EV.

MG is also expanding its battery production facility in Gujarat, which will reduce import dependencies and potentially lower prices for future models. Stay tuned for updates on these launches, as they could redefine the Indian EV market.

How to Save Big on MG Electric Car Purchases

Buying an electric car is a significant investment, but there are numerous ways to reduce the upfront cost and long-term ownership expenses. Here’s how you can maximize savings on your MG EV purchase.

Leverage Government Subsidies

The FAME II subsidy is the most direct way to save. For the MG ZS EV (50.3 kWh battery), you can avail of a ₹1.5 lakh subsidy. The MG Comet EV (17.3 kWh battery) qualifies for a ₹15,000 subsidy. However, these subsidies are often disbursed post-purchase, so ensure your dealer provides a clear timeline for the refund.

Example: A buyer in Maharashtra purchasing the MG ZS EV Exclusive pays ₹22.88 lakh (ex-showroom). After the ₹1.5 lakh FAME II subsidy and ₹50,000 state incentive, the effective price drops to ₹20.88 lakh—a savings of ₹2 lakh.

Take Advantage of Dealer Offers

MG dealerships frequently run promotional campaigns, especially during festive seasons like Diwali or Independence Day. These include:

• Low or 0% interest loans for 3–5 years
• Free charging installation (worth ₹15,000–₹20,000)
• Exchange bonuses for trading in an old car
• Extended warranty packages at discounted rates

For instance, during the 2023 Diwali sale, MG offered a ₹25,000 cash discount on the Comet EV, along with free home charging setup. Always ask your dealer about ongoing offers—they’re often negotiable.

Consider Leasing or Subscription Models

MG has partnered with leasing companies like Orix and Revv to offer flexible ownership options. For example, you can lease the MG ZS EV for ₹35,000–₹45,000 per month (all-inclusive) for 3 years, with the option to buy it at the end of the term. This is ideal for those who want to test an EV without a long-term commitment.

Alternatively, MG’s “MG Flex” subscription program allows you to rent an EV for 6–36 months, with maintenance and insurance covered. Monthly costs start at ₹18,000 for the Comet EV.

Optimize Charging and Maintenance Costs

While EVs have lower running costs, smart charging habits can save you even more. Use home charging during off-peak hours (when electricity rates are lower) and take advantage of public fast-charging networks like Tata Power, Charge+Zone, and MG’s own “MG Charge” network (over 1,000 stations across India).

Maintenance costs for EVs are 30–40% lower than ICE vehicles. MG offers a 5-year/1.5 lakh km warranty (extendable to 8 years), and battery warranties typically cover 8 years/1.2 lakh km. Regularly updating your car’s software via OTA updates also prevents costly repairs.

Financing Options and EMI Calculations

Financing is a critical aspect of buying an EV, and MG offers flexible loan options through partners like HDFC Bank, ICICI Bank, and Axis Bank. Here’s how to calculate EMIs and choose the best plan.

EMI Calculation Examples

Let’s assume you’re buying the MG ZS EV Exclusive (₹22.88 lakh ex-showroom) in Delhi with an on-road price of ₹25 lakh. Here are two financing scenarios:

• Down Payment: ₹5 lakh
• Loan Amount: ₹20 lakh
• Interest Rate: 8.5% (floating)
• Loan Tenure: 5 years (60 months)

Using the formula: EMI = [P x R x (1+R)^N]/[(1+R)^N-1], where P = ₹20,00,000, R = 8.5%/12, N = 60, the EMI works out to ₹41,060/month.

Tip: Use online EMI calculators to compare different down payments and tenures. A ₹7 lakh down payment would reduce the EMI to ₹36,954, saving you ₹2.46 lakh in interest over 5 years.

Low-Interest and Special Loan Schemes

MG and its banking partners offer special EV loan schemes:

• HDFC Green Car Loan: 7.99% interest for EVs, with a processing fee waiver
• ICICI EV Financing: 8.25% interest, with a 1% cashback on the loan amount
• MG Loyalty Bonus: Existing MG owners get a 0.5% interest rate reduction

Additionally, some states offer additional interest subsidies. For example, Tamil Nadu provides a 5% interest subsidy on EV loans, further reducing your EMI.

Insurance and Add-Ons

EV insurance is slightly higher than ICE vehicles due to battery replacement costs, but MG offers comprehensive packages. A standard policy for the ZS EV costs ₹60,000–₹70,000/year, while the Comet EV’s insurance is around ₹25,000–₹30,000. Consider add-ons like:

• Zero Depreciation Cover
• Engine & Battery Protection
• Roadside Assistance

Pro Tip: Compare quotes from multiple insurers like Acko, Tata AIG, and Bajaj Allianz. Online insurers often offer 15–20% discounts.

Real-World Ownership Experience and Customer Reviews

Numbers and features tell only part of the story. To gauge the true value of MG electric cars, let’s look at real-world ownership experiences and customer feedback.

Customer Testimonials

We spoke to three MG EV owners to understand their experiences:

• Ananya Sharma (MG ZS EV Essence, Bangalore): “I drive 80 km daily for work, and the ZS EV’s 419 km range is perfect. The ADAS features give me peace of mind in traffic. I saved ₹1.8 lakh with subsidies and free charging. My only complaint is the slow charging at public stations.”
• Rahul Patel (MG Comet EV Plush, Mumbai): “The Comet EV is a life-saver in Mumbai’s traffic. It fits in tiny parking spots, and the wireless charging pad is handy. I pay ₹500/month for electricity—less than my old bike’s fuel cost.”
• Priya Desai (MG ZS EV Exclusive, Pune): “I love the panoramic sunroof and 360-degree camera. The car handles well on highways, and the OTA updates keep it fresh. The dealership’s service is excellent—they even picked up the car for maintenance.”

Common Pain Points and Solutions

While MG EVs are well-received, some owners report:

• Slow Charging: Public fast chargers are scarce in tier-2 cities. Solution: Install a 7.2 kW home charger for faster charging (4–5 hours).
• Service Network: Limited service centers in rural areas. Solution: MG is expanding its network, with 300+ touchpoints planned by 2025.
• Resale Value: EVs depreciate faster than ICE cars. Solution: Hold onto the car for 5+ years or buy a certified pre-owned MG EV.

Resale Market and Depreciation

EVs typically depreciate 30–40% in the first 3 years. However, MG’s strong brand presence and warranty coverage help retain value. A 2-year-old ZS EV Exclusive can fetch ₹16–17 lakh, while a Comet EV holds 60–65% of its value after 2 years.

Tip: Maintain service records and use MG’s official app for software updates to boost resale value.

Future of MG Electric Cars in India: Trends and Predictions

The EV market in India is evolving rapidly, and MG is poised to capitalize on emerging trends. Here’s what to expect in the coming years.

Price Reductions and Localization

MG’s Gujarat plant will produce batteries and motors locally by 2025, reducing import duties and potentially lowering prices by 10–15%. This could make the ZS EV as affordable as ₹16 lakh and the Comet EV as low as ₹6.5 lakh.

New Model Launches

MG plans to launch 5 new EVs by 2026, including:

• MG 4 EV: A hatchback rival to the Tata Tiago EV (expected price: ₹12–14 lakh)
• MG eHS: A plug-in hybrid SUV (₹35–40 lakh)
• MG Cyberster: A performance EV (₹70–80 lakh)

Charging Infrastructure Expansion

MG aims to install 10,000 public charging stations by 2025, with a focus on highways and metro cities. This will alleviate range anxiety and boost EV adoption.

The future of MG electric cars in India is bright, with a strong focus on affordability, innovation, and sustainability. As prices drop and technology advances, MG is set to remain a leader in the Indian EV revolution.

Conclusion: Is an MG Electric Car Right for You?

Choosing the right electric car involves balancing budget, needs, and long-term value. MG’s electric lineup offers something for everyone—from the budget-friendly Comet EV to the premium ZS EV. With competitive MG electric car prices in India, generous government subsidies, and attractive financing options, the barriers to EV ownership have never been lower.

Whether you’re a city commuter, a family, or a tech enthusiast, MG’s EVs deliver on performance, features, and sustainability. By leveraging deals, optimizing charging, and planning your purchase carefully, you can own an MG electric car for less than you think. The future of mobility is electric, and MG is leading the charge in India. Make your move today and drive toward a cleaner, smarter tomorrow.

MG Electric Car Price Comparison (2024)

Model	Variant	Ex-Showroom Price (₹)	On-Road Price (Delhi, ₹)	Battery Capacity	Range (ARAI)	Key Features
MG Comet EV	Pace	7.98 lakh	8.8 lakh	17.3 kWh	230 km	Basic infotainment, manual AC
MG Comet EV	Play	8.98 lakh	9.9 lakh	17.3 kWh	230 km	Touchscreen, keyless entry, rear parking camera
MG Comet EV	Plush	9.98 lakh	11.2 lakh	17.3 kWh	230 km	Wireless charging, rear camera, i-SMART 2.0
MG ZS EV	Excite	18.98 lakh	21.5 lakh	44.5 kWh	340 km	10.1″ touchscreen, Apple CarPlay
MG ZS EV	Exclusive	22.88 lakh	24.5 lakh	50.3 kWh	419 km	Panoramic sunroof, 360° camera
MG ZS EV	Essence	26.38 lakh	28.9 lakh	50.3 kWh	419 km	ADAS, panoramic sunroof, wireless charging

Frequently Asked Questions

What is the starting price of MG electric cars in India?

The starting price of MG electric cars in India is ₹22.50 lakh (ex-showroom) for the MG ZS EV Excite variant. Prices vary depending on trim levels and state-specific subsidies.

Which is the most affordable MG electric car in India right now?

The MG Comet EV is currently the most affordable MG electric car in India, priced from ₹7.98 lakh (ex-showroom). This compact EV targets urban commuters with competitive pricing.

Are there any government discounts included in the MG electric car price?

Yes, MG electric car prices in India can be reduced through FAME II subsidies and state-level incentives. Final on-road prices depend on your location’s specific EV policies.

Does the MG electric car price include free charging benefits?

Most MG EVs come with complimentary AC home charger installation. Some dealerships also offer limited-time free public charging partnerships with providers like Jio-BP.

How does MG ZS EV’s price compare to Tata Nexon EV?

The MG ZS EV (₹22.50-26.50L) is positioned as a premium alternative to Tata Nexon EV (₹14.74-19.94L), offering larger battery capacity and more features for the higher price.

Where can I find the best deals on MG electric cars in India?

Check MG’s official website for festival offers, corporate discounts, and exchange bonuses. Authorized dealerships often provide additional perks like free insurance or extended warranties.