MG extends EV assured buyback to 5 years, offers up to 60% value after 3

JSW MG Motor India has recently announced an extended Assured Buy Back programme for its electric vehicles. The programme aims to support long-term ownership and address concerns about resale among EV buyers.The company will now offer assured buyback coverage for up to five years instead of three. Customers will receive a guaranteed resale value at the end of the tenure they select.
Owners can choose assured resale value options after three, four, or five years of use. MG previously offered an assured buyback of up to 60% of the vehicle’s value after three years.
Under the extended programme, the buyback value will range from 40% to 60%, depending on the plan chosen. The programme is open to buyers regardless of whether the vehicle was financed or bought outright.Anurag Mehrotra, Managing Director, JSW MG Motor India, said resale value remains important for buyers considering electric vehicles. He said the Assured Buyback is part of the MG Value Promise Program and is facilitated by Lockton India Insurance Broking and Advisory Ltd with Zuno General Insurance.

He added that customers can now choose tenure options between three and five years. He also said the initiative is expected to support EV adoption by increasing buyer confidence.

The programme is also available to commercial buyers of the MG ZS EV. It covers vehicles that are up to three years old or have run up to 60,000 km per year. At the end of the chosen tenure, customers may keep the vehicle, return it, or upgrade to another MG model.

MG said the Assured Buy Back programme is not linked to any loan product. The company said it helps reduce depreciation risk and simplifies upgrades. MG also said the programme guarantees 60% buyback after three years.