MG Extends EV Buyback to 5 Years, Guarantees Up to 60% Value

• JSW MG Motor India extends its EV assured buyback program from 3 to 5 years.
• Customers can now choose buyback options after 3, 4, or 5 years of ownership.
• Guaranteed resale value ranges from 40% to 60% of the vehicle's original price, with 60% assured after three years.
• Aims to boost EV adoption by addressing resale value concerns and increasing buyer confidence.
• Program is available for all buyers, including commercial MG ZS EV owners, and is not linked to any loan product.

Why It Matters: MG's extended EV buyback program aims to boost confidence and adoption by reducing depreciation risk.