Mg motor IndiaThe Battery-e-A-Service (BAAS) Rental Scheme is watching some traction in our market, which claims that the number of buyers for the plan is increasing, with surprisingly high-launch rates from Tier-III markets. The fare plan allows buyers to buy MG EV at very low initial costs.
- Demand for BAAS from Tier III cities is increasing
- 15 percent mg EV buyers chose for bass
Demand for MG Windsor, Comet, ZS EV
The number of financers increased from 4 to 6
Talking to the media, MG Motor India confirmed that one of the reasons for the maximum adoption of the fare plan is increasing from Tier-III cities. About 15 percent mg of EV buyers – Portfolio currently includes Comment, ZS House And Windser – The option of bass is chosen. In fact, in February, we told that 15 percent mg Windser Buyer The BAAS program was chosen.
To further increase the number of owners selecting for the fare plan, MG has also increased the number of financers to 6 – Bajaj Finance Limited, Herofin Corp, Vidyuttech Services Private Limited and Ekofi/Autowart Technologies Private Limited. Program launched in September 2024Now, the plans of IDFC First Bank and Kotak Mahindra Prime are also on the proposal. The brand also says that clear communication from dealers has helped customers to educate better, giving maximum sales opportunities.
MG EV Bass buyers initially pay about 40 percent less
| Mg Ev Prices with Baas, Ex-Showroom, India | ||||
|---|---|---|---|---|
| Sample | Bass value limit | rental cost | price range | Difference |
| Comment | Rs 4.99-7.50 lakh | 2.9/km Rs. | Rs 7.36-9.86 lakh | 39.48% |
| Windser | Rs 9.99-12.50 lakh | Rs 3.9-4.5/km* | Rs 14.00-17.50 lakh | 40.07% |
| ZS House | Rs 13.99-20.76 lakh | 4.5/km rupees | Rs 18.98-26.64 lakh | 32.00% |
*recently Launch MG Windsor Essence ProThe cost of rent is high
Depending on the table above, one can see that people who choose the BAAS program initially pay about 40 percent less and then give a separate finance to the battery. Similar to a specific car loan, the cost of the battery is paid in monthly installments. According to the agreement with the financiers, the owners may have to pay a predetermined amount or amount based on the actual use (per kilometer) for up to 8 years.
Image Source: Ga.Automotive via YouTube
See also:
MG Windsor facilities and variants explained
