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MG Cyberster and M9 Launch Battery Rental Ownership Scheme
MG has created a new way for people to buy two expensive electric cars.
Buyers pay less money at the beginning for the car itself.
They then pay ₹8 for every kilometre they drive as a battery rental fee.
The Cyberster is a fast, two-seat electric sports car.
The M9 is a larger luxury electric vehicle with special passenger seats.
The battery rental plan does not change the cars’ features or performance.
It may make the first payment smaller, but the total cost also depends on how far the car is driven.
The two vehicles are sold through MG Select luxury outlets in India.
JSW MG Motor India introduced Battery-as-a-Service for the Cyberster and M9 electric vehicles in India.
The Cyberster costs ₹72.49 lakh upfront, while the M9 costs ₹69.99 lakh under the scheme.
Customers pay an additional battery rental fee of ₹8 per kilometre for either vehicle.
The BaaS option lowers the initial price by about ₹10 lakh without changing either vehicle’s features or mechanical specifications.
Both models are sold through MG Select, which operates 15 Experience Centres across 14 cities.
- Who
- JSW MG Motor India and its luxury retail arm, MG Select, launched the programme for customers of the MG Cyberster and MG M9.
- What
- A Battery-as-a-Service ownership scheme reduces the vehicles’ upfront prices in exchange for a battery rental charge of ₹8 per kilometre.
- Where
- India, through MG Select’s dedicated luxury retail network.
- When
- The programme was announced on Thursday; the articles do not specify the date.
- Why
- The scheme is intended to reduce upfront ownership costs and expand access to MG’s flagship electric vehicles.
Key facts
- Cyberster BaaS price
- ₹72.49 lakh, excluding the ₹8-per-kilometre battery rental fee.
- M9 BaaS price
- ₹69.99 lakh, excluding the ₹8-per-kilometre battery rental fee.
- Battery rental
- ₹8 per kilometre for both models.
- Cyberster battery and range
- 77kWh battery and a claimed range of 580 km.
- M9 battery and range
- 90kWh battery and a claimed range of 548 km.
- Retail network
- MG Select operates 15 Experience Centres across 14 cities.
- Reported conventional prices
- The articles cite ₹82.50 lakh for the Cyberster and ₹79.95 lakh for the M9, while one source gives wider variant price ranges of ₹82.49–87.49 lakh and ₹79.95–84.94 lakh, respectively.
Sources
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