TL;DR
JSW MG Motor India extended its EV buy-back program to five years, becoming the first in India's mass EV segment to offer guaranteed resale value for a longer tenure, including commercial vehicles.
JSW MG Motor India has launched an industry-first initiative, the 'Value Promise' program, extending its assured buy-back scheme for electric vehicles from three to up to five years. This strategic move aims to address one of the primary concerns for potential EV buyers in India: uncertainty regarding resale value. Under this enhanced program, MG EV owners are guaranteed a fixed resale value ranging between 40% and 60% at the end of three, four, or five years, depending on their chosen plan.
The program is independent of any loan or finance scheme, making it accessible to all eligible customers regardless of their purchasing method. Furthermore, for the first time in India's mass EV segment, this extended assured buy-back is also available to commercial and fleet operators. Commercial MG ZS EV owners can benefit from guaranteed resale value for vehicles up to three years old or with annual usage not exceeding 60,000 km, significantly reducing depreciation risk and promoting wider EV adoption.
