MG slashes Comet's price by Rs 2L to Rs 5L with battery rental model – Times of India
NEW DELHI: The price war is escalating in electric vehicles market, with JSW MG Motor setting an aggressive Rs 5 lakh (ex-showroom-Delhi) entry threshold for the zero-emission mobility segment.
Led by its battery rental model where customers only pay for the vehicle with running cost being charged on a per km battery usage basis, the Comet mini electric is now available for an entry price of Rs 5 lakh, which is Rs 2 lakh lower than its current price.MG said that those opting for the Comet’s new pricing will need to pay Rs 2.5 per km of running as rental for the battery. This is the second time the model has seen a price cut as it had seen a reduction by Rs 1 lakh earlier.
With this, the Comet is the cheapest car in the country. The closest rival for the model in EVs is the Tata Tiago, which is priced at Rs 8 lakh.
“We believe that this unique initiative of giving Battery-as-a-Service (BaaS) will boost the adoption of zero-emission cars in the country. We have created a platform for easy ownership, making our EVs more accessible than ever,” Satinder Singh Bajwa, chief commercial officer of JSW MG Motor, said. The company had started the battery rental model with the launch of the Windsor electric SUV that carries an entry price of Rs 10 lakh, with a charge of Rs 3.5 per km of run. The Comet EV promises a range of 230 kms on a single charge.
Led by its battery rental model where customers only pay for the vehicle with running cost being charged on a per km battery usage basis, the Comet mini electric is now available for an entry price of Rs 5 lakh, which is Rs 2 lakh lower than its current price.MG said that those opting for the Comet’s new pricing will need to pay Rs 2.5 per km of running as rental for the battery. This is the second time the model has seen a price cut as it had seen a reduction by Rs 1 lakh earlier.
With this, the Comet is the cheapest car in the country. The closest rival for the model in EVs is the Tata Tiago, which is priced at Rs 8 lakh.
“We believe that this unique initiative of giving Battery-as-a-Service (BaaS) will boost the adoption of zero-emission cars in the country. We have created a platform for easy ownership, making our EVs more accessible than ever,” Satinder Singh Bajwa, chief commercial officer of JSW MG Motor, said. The company had started the battery rental model with the launch of the Windsor electric SUV that carries an entry price of Rs 10 lakh, with a charge of Rs 3.5 per km of run. The Comet EV promises a range of 230 kms on a single charge.
