Archive · 30 Dec 2025
MG Expands Assured Buyback for EVs
MG Motor, a car company, has made a special program for people who buy their electric cars.
This program, called the MG Value Promise, now lets people choose to sell their car back to MG after 3, 4, or 5 years.
Before, they could only do this after 3 years.
The company says this will help people feel more confident about buying electric cars because they know they can sell them back later for a good price.
The person in charge of MG Motor in India said that many people worry about how much their electric car will be worth later, and this program helps with that worry.
MG Motor has expanded its Assured Buyback program for electric vehicles to include 3, 4, or 5-year tenures.
The program, called MG Value Promise, guarantees a resale value of up to 60%.
Previously, the buyback scheme was limited to a 3-year tenure.
Customers can choose to retain, surrender, or upgrade to a new MG model at the end of the selected period.
The expansion aims to address resale value concerns and accelerate EV adoption.
- Who
- JSW MG Motor India
- What
- Expanded Assured Buyback Program for EVs
- When
- Not specified
- Where
- Pune, India
- Why
- To speed up adoption of electric cars and address resale value concerns
- Program Name
- MG Value Promise
- Company
- JSW MG Motor India
- Buyback Tenure Options
- 3, 4, or 5 years
- Guaranteed Resale Value
- Up to 60%
- Previous Tenure
- 3 years
- Previous Resale Value
- Up to 60%
- Spokesperson
- Anurag Mehrotra, MD, JSW MG Motor India