MG Electric Car Price India 2024 Latest Updates and Deals

MG Electric Car Price India 2024 starts at just ₹12.99 lakh (ex-showroom), making the MG Comet EV the most affordable electric vehicle in its segment. With updated government subsidies, festive deals, and low-cost financing options, MG is driving mass adoption of sustainable mobility across India. Explore the latest prices, exclusive offers, and variant-wise features to find the best MG EV for your budget.

Key Takeaways

• Compare prices: Check on-road prices across Indian cities for best MG electric car deals.
• Book now: Limited-time 2024 offers include discounts up to ₹1.5 lakh on select models.
• Check subsidies: Avail state-wise EV incentives to reduce MG electric car purchase cost.
• Test drive: Visit showrooms to experience MG EV performance before finalizing your purchase.
• Review variants: Choose between Comet, ZS EV, or MG4 based on budget and range needs.
• Charging options: Evaluate home and public charging solutions for seamless MG EV ownership.

The Future of Mobility: MG’s Electric Revolution in India

India’s electric vehicle (EV) market is witnessing an unprecedented transformation, with MG Motor India emerging as a key player in this electrifying journey. As the country pushes toward its 2030 EV adoption targets, MG has positioned itself at the forefront of sustainable mobility, offering innovative electric cars that blend cutting-edge technology with affordability. With rising fuel prices, growing environmental awareness, and government incentives, Indian consumers are increasingly looking toward electric alternatives—and MG’s lineup is making that transition smoother than ever.

From the sleek MG ZS EV to the compact yet powerful MG Comet EV, the brand has successfully captured diverse market segments. Whether you’re a city commuter seeking an affordable EV or a family looking for a premium electric SUV, MG’s offerings cater to a wide spectrum of needs. In 2024, the company continues to refine its pricing strategies, introduce new variants, and expand charging infrastructure, making electric ownership more accessible. This comprehensive guide dives deep into the latest MG electric car price India 2024 updates, helping you make an informed decision in a rapidly evolving market.

MG Electric Car Lineup in India: Models and Variants

MG Motor India currently offers two primary electric vehicles—the MG ZS EV and the MG Comet EV—each designed for different customer segments. Understanding their features, variants, and pricing is crucial before making a purchase decision. Let’s explore each model in detail.

MG ZS EV: The Premium Electric SUV

The MG ZS EV is MG’s flagship electric SUV, targeting urban families, tech-savvy professionals, and eco-conscious buyers. Launched in 2020, it has undergone several updates, with the 2024 version offering improved battery efficiency, enhanced interiors, and advanced driver-assistance systems (ADAS).

• Variants: Excite, Exclusive, and Essence
• Seating Capacity: 5-seater
• Range: Up to 461 km on a single charge (ARAI-certified)
• Charging Time: 0-80% in 60 minutes (DC fast charging), 9 hours (AC home charging)
• Key Features: 10.1-inch touchscreen, panoramic sunroof, i-SMART 2.0 connected car tech, 360-degree camera, ADAS (lane departure warning, adaptive cruise control)

The ZS EV competes with the Hyundai Kona Electric and Tata Nexon EV Max, offering a more premium experience at a competitive price point. Its spacious cabin and SUV-like stance make it ideal for long-distance travel and city commutes alike.

MG Comet EV: The City-Friendly Urban Commuter

Launched in 2023, the MG Comet EV is India’s most affordable electric car, designed specifically for urban environments. With its compact dimensions and agile handling, it’s perfect for navigating congested city streets, tight parking spaces, and daily commutes.

• Variants: Executive, Excite, and Exclusive
• Seating Capacity: 4-seater (2+2 layout)
• Range: Up to 230 km (ARAI-certified)
• Charging Time: 0-80% in 55 minutes (DC fast charging), 7 hours (AC charging)
• Key Features: 10.1-inch touchscreen, wireless Android Auto & Apple CarPlay, digital key, LED lighting, i-SMART connectivity

The Comet EV is ideal for young professionals, students, and first-time EV buyers. Its low running costs (as low as ₹0.10 per km) and minimal maintenance make it a cost-effective alternative to petrol scooters or hatchbacks.

Upcoming Models and Future Roadmap

MG Motor has hinted at expanding its EV portfolio in 2024–2025. Rumors suggest the arrival of the MG Cyberster (a sporty electric roadster) and a new mid-size electric sedan to compete with the Tata Curvv EV and Hyundai Creta EV. While official launch dates are pending, these models could further diversify MG’s electric offerings and influence MG electric car price India 2024 dynamics.

MG Electric Car Price India 2024: Latest On-Road Prices

Understanding the on-road price of an electric car is essential, as it includes ex-showroom price, RTO registration, insurance, and other fees. Below is a detailed breakdown of the latest 2024 prices for MG’s electric models across major Indian cities.

MG ZS EV Price Breakdown (2024)

The MG ZS EV is available in three variants: Excite, Exclusive, and Essence. The Essence variant includes ADAS and premium features, justifying its higher price tag.

• Excite: ₹18.98 lakh (ex-showroom, Delhi) – ₹21.25 lakh (on-road, Delhi)
• Exclusive: ₹22.98 lakh (ex-showroom, Delhi) – ₹25.80 lakh (on-road, Delhi)
• Essence: ₹25.98 lakh (ex-showroom, Delhi) – ₹29.15 lakh (on-road, Delhi)

Note: Prices vary by city due to differences in RTO taxes and insurance. For example, the on-road price in Mumbai is approximately ₹21.80 lakh for the Excite variant, while in Bangalore, it’s ₹21.40 lakh.

MG Comet EV Price Breakdown (2024)

The Comet EV is MG’s most affordable electric car, with prices starting under ₹10 lakh (on-road). This makes it one of the most accessible EVs in India.

• Executive: ₹6.99 lakh (ex-showroom, Delhi) – ₹8.20 lakh (on-road, Delhi)
• Excite: ₹7.99 lakh (ex-showroom, Delhi) – ₹9.30 lakh (on-road, Delhi)
• Exclusive: ₹8.99 lakh (ex-showroom, Delhi) – ₹10.40 lakh (on-road, Delhi)

Tip: The Exclusive variant offers the best value, with additional features like a rearview camera, auto climate control, and premium upholstery—all for just ₹1.1 lakh more than the Excite.

Regional Price Variations

Electric car prices differ across states due to local subsidies, road tax exemptions, and insurance norms. For instance:

• Delhi: Full road tax exemption on EVs
• Maharashtra: 50% road tax waiver
• Tamil Nadu: No registration fee for EVs
• Karnataka: 15% subsidy on EV purchase (up to ₹1.5 lakh)

Buyers in states like Gujarat, Telangana, and Rajasthan also benefit from additional state-level incentives, which can reduce the effective MG electric car price India 2024 by up to ₹2 lakh.

Government Incentives and Subsidies: How to Reduce Your Cost

One of the biggest advantages of buying an electric car in India is the array of government incentives. These can significantly lower the upfront cost and improve your return on investment. Here’s how you can maximize savings when purchasing an MG EV.

FAME II Subsidy (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles)

The central government’s FAME II scheme offers direct subsidies on EV purchases. As of 2024, the subsidy for electric four-wheelers is capped at ₹1.5 lakh per vehicle. This amount is deducted from the ex-showroom price, reducing your out-of-pocket expense.

• Eligibility: All electric four-wheelers under ₹15 lakh ex-showroom price qualify for full subsidy
• Higher-Priced Models: Vehicles above ₹15 lakh receive a pro-rata subsidy (e.g., ₹1 lakh for a ₹20 lakh car)
• Claim Process: Dealerships apply the subsidy at the time of purchase—no paperwork required

Example: A MG Comet EV Executive (₹6.99 lakh ex-showroom) receives the full ₹1.5 lakh subsidy, effectively bringing its price down to ₹5.49 lakh before taxes and insurance.

State-Level Incentives

Beyond FAME II, many states offer additional benefits:

• Delhi: ₹10,000–₹30,000 subsidy + full road tax exemption
• Gujarat: ₹20,000 subsidy + 100% road tax waiver
• Karnataka: 15% subsidy (up to ₹1.5 lakh) + no registration fee
• Maharashtra: ₹10,000 subsidy + 50% road tax reduction

Pro Tip: Always ask your MG dealer about combined subsidies. For instance, in Karnataka, a Comet EV buyer can save up to ₹2.25 lakh (FAME II + state subsidy + tax benefits), reducing the effective price to under ₹6 lakh.

Corporate and Fleet Discounts

MG offers special pricing for bulk buyers, corporates, and fleet operators. These include:

• 5–10% discount on bulk purchases (5+ vehicles)
• Extended warranty (up to 7 years)
• Free charging installation (for corporate parking lots)
• Dedicated service support

Companies like Ola, Swiggy, and Zomato have partnered with MG to deploy Comet EVs in their delivery fleets, leveraging these benefits.

Charging Infrastructure and Ownership Experience

Purchasing an electric car is not just about price—it’s about the entire ownership ecosystem. MG has invested heavily in building a robust charging network and support system to enhance the EV experience.

MG e-Hub Charging Network

MG operates over 250 fast-charging stations across 50+ cities, including Delhi, Mumbai, Bangalore, Chennai, and Hyderabad. These stations offer:

• DC fast charging (up to 50 kW)
• 24/7 availability
• MG app integration (real-time availability, payment)
• Free charging for MG EV owners (first 5 years)

Example: A ZS EV owner in Bangalore can charge from 20% to 80% in under an hour at an MG e-Hub, paying nothing during the free period.

Home Charging Solutions

Every MG EV comes with a standard AC home charger (7.4 kW), which can be installed at your residence or office. Installation is free, and MG handles the entire process, including:

• Site survey
• Electrical wiring
• Metering setup
• Government approvals (where required)

Tip: Use off-peak electricity (10 PM–6 AM) for charging. With a tariff of ₹5/kWh, charging the ZS EV (50.3 kWh battery) costs just ₹250 for a full charge—equivalent to 461 km of range.

Maintenance and Running Costs

Electric cars have significantly lower maintenance costs compared to ICE vehicles. MG EVs require:

• No oil changes or engine maintenance
• Service every 12 months or 15,000 km (whichever comes first)
• Annual service cost: ₹5,000–₹8,000 (vs. ₹15,000+ for petrol cars)
• Running cost: ₹0.10–₹0.15 per km

Real-World Example: A Comet EV owner driving 15,000 km/year spends ₹15,000 annually on electricity, compared to ₹75,000 on petrol (at ₹100/liter, 15 kmpl).

Best Deals and Offers in 2024: How to Save More

MG regularly rolls out limited-time offers to attract buyers. In 2024, several deals can help you save big on your MG electric car purchase.

Festive and Seasonal Discounts

Look out for offers during major festivals:

• Diwali (Oct–Nov 2024): Up to ₹1 lakh cash discount + free accessories (floor mats, seat covers)
• New Year (Jan 2025): Low-interest financing (6.99% p.a.) + extended warranty
• Monsoon Sale (Jun–Jul 2024): Free 1-year insurance + ₹50,000 loyalty bonus (for existing MG owners)

Pro Tip: Visit MG dealerships during the last week of the month—sales executives are more likely to offer better deals to meet targets.

Bank and NBFC Financing Schemes

MG partners with banks like SBI, HDFC, and Kotak to offer special EV loans:

• Interest rates as low as 6.99% p.a. (vs. 8.5% for ICE cars)
• Tenure up to 7 years
• Up to 90% on-road price financing
• Zero processing fee for first 100 applicants

Example: A ₹25 lakh ZS EV loan at 7% for 5 years results in an EMI of ₹49,500/month—comparable to a petrol SUV but with lower running costs.

Exchange and Loyalty Bonuses

MG offers attractive exchange benefits:

• ₹30,000–₹1 lakh bonus for exchanging any old vehicle (petrol/diesel)
• Additional ₹50,000 for existing MG owners
• Free 5-year service package for first-time EV buyers

Combine this with FAME II and state subsidies to maximize savings. A Comet EV buyer in Delhi could reduce the effective price by up to ₹2.3 lakh using all available offers.

Data Table: MG Electric Car Price Comparison (2024)

Model	Variant	Ex-Showroom Price (₹)	On-Road Price (Delhi, ₹)	Range (km)	Charging Time (0-80%)	Key Feature
MG Comet EV	Executive	6.99 lakh	8.20 lakh	230	55 min (DC)	Wireless Android Auto
MG Comet EV	Excite	7.99 lakh	9.30 lakh	230	55 min (DC)	Rearview Camera
MG Comet EV	Exclusive	8.99 lakh	10.40 lakh	230	55 min (DC)	Auto Climate Control
MG ZS EV	Excite	18.98 lakh	21.25 lakh	461	60 min (DC)	Panoramic Sunroof
MG ZS EV	Exclusive	22.98 lakh	25.80 lakh	461	60 min (DC)	360-Degree Camera
MG ZS EV	Essence	25.98 lakh	29.15 lakh	461	60 min (DC)	ADAS Suite

Conclusion: Is an MG Electric Car Right for You?

The MG electric car price India 2024 landscape offers compelling value for both budget-conscious and premium buyers. The MG Comet EV stands out as India’s most affordable EV, ideal for city dwellers seeking low-cost, eco-friendly mobility. Meanwhile, the MG ZS EV delivers premium features, long range, and advanced technology for those willing to invest in a higher-tier electric SUV.

With government subsidies, state incentives, and MG’s own offers, the effective cost of ownership is lower than ever. Add to that the brand’s expanding charging network, low maintenance, and strong resale value, and MG EVs emerge as a smart, future-ready choice. Whether you’re upgrading from a petrol car or buying your first vehicle, MG’s electric lineup provides a seamless transition to sustainable mobility.

As India accelerates toward an electric future, MG is not just selling cars—it’s building an ecosystem. By choosing an MG EV, you’re not only saving on fuel and maintenance but also contributing to a cleaner, greener tomorrow. So, explore the latest deals, visit a showroom, and take the wheel of the future—today.

Frequently Asked Questions

What is the starting price of MG electric cars in India in 2024?

The starting price of MG electric cars in India in 2024 is ₹22.50 lakh (ex-showroom) for the MG ZS EV Excite variant. This makes it one of the most affordable long-range electric SUVs in its segment.

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

Yes, the on-road MG electric car price in India benefits from FAME II subsidies and state-specific incentives, which can reduce costs by up to ₹2.5 lakh depending on your location. These incentives vary by state and are applied at the time of purchase.

Which is the most expensive MG electric car available in India?

The MG ZS EV Essence, the top-spec variant, is the most expensive MG electric car in India, priced at ₹27.50 lakh (ex-showroom). It offers premium features like a panoramic sunroof, 360-degree camera, and advanced driver-assistance systems.

Does the MG electric car price in India include free charging benefits?

Yes, MG Motor India offers complimentary AC home charger installation and 5 years of free DC fast charging at select partner stations with every MG ZS EV purchase. This adds significant value to the overall ownership experience.

Are there any festive or seasonal deals on MG electric cars in 2024?

MG often rolls out festive offers with benefits like cash discounts, extended warranties, or free charging credits during events like Diwali or New Year. Check with local dealers for the latest 2024 MG electric car price deals.

How does the MG ZS EV’s price compare to other electric SUVs in India?

The MG ZS EV’s price positions it competitively against rivals like the Hyundai Kona Electric and Tata Nexon EV Max, offering a longer range (461 km) at a similar price point. Its premium features and spacious cabin give it an edge in value-for-money.