Why Thousands of Indians Are Choosing the MG Comet EV After Seeing the EMI?

Key Takeaways 

• The MG Comet EV EMI starts at ₹15,705 per month for a 60-month tenure at 9.8% interest, with a loan amount of ₹7,42,000 and a down payment of ₹82,000. 
   
• The battery subscription cost was ₹2.5 per km when the MG Comet EV was launched with the BaaS plan in 2024. Now, it has increased to ₹3.1 per km, indicating that these rental charges may rise over time.

MG Comet EV: India’s Most Affordable EV Comes at a Price

The MG Comet EV price starts at ₹7,50,000 for the base Executive variant and goes up to ₹9,97,000 for the top Exclusive FC variant (ex-showroom). This looks affordable at first for most city buyers. But the on-road cost, loan interest, and loan duration can make the total price much higher.

The MG Comet EV EMI starts from around ₹14,085 per month. However, this amount can change depending on your loan size, down payment, and interest rate. You might end up paying much more over the full loan period if you don’t plan properly. 

How Does the MG Comet EV EMI Affect Indian Buyers?

A monthly EMI below ₹20,000 makes an EV feel affordable for salaried Indians living in Tier-1 cities. The MG Comet EV fits well in this range. Here is a simple EMI breakdown for the top Blackstorm Edition (₹10,00,000 ex-showroom) at 9.5% interest:
 

MG also offers the Comet EV with the BaaS (Battery as a Service) plan starting from just ₹4,99,000 for buyers who want to pay less upfront. This removes the battery cost from the car price, which makes the EMI much lower.

What Experts Are Saying and What Buyers Should Know

Auto experts have raised one concern about the BaaS option. The battery subscription fee was ₹2.5 per km when the plan started in 2024. It has now increased to ₹3.1 per km, which means the company can raise rental costs over time and reduce your long-term savings. Autocar India also mentioned this as a key risk for buyers choosing BaaS.

MG Comet EV MG says the Comet EV has a running cost of just ₹519 per month based on New Delhi electricity rates. If you choose to buy it fully with a 48-month loan, your total monthly cost (EMI + running cost) can still stay under ₹26,000. This makes it a good option for city buyers who want to save on fuel permanently.

Conclusion

The MG Comet EV is a good option for daily city travel. Your monthly EMI can range from ₹20,998 to ₹87,666 depending on your loan duration. The BaaS plan reduces the starting cost but comes with a risk of increasing rental charges. Always consider your down payment, interest rate, and how much you drive every month to choose the right plan before buying. 

Frequently Asked Questions 

Q1. Is the MG Comet EV worth buying for daily use? What problems do owners face?
Yes, the MG Comet EV is a good choice for daily city travel, especially for short distances. It is easy to drive and very compact. However, some users mention limited boot space, basic suspension comfort on rough roads, and slow charging with a standard charger. Public charging is possible, but availability depends on your city and nearby stations.

Q2. Does the MG Comet EV come with an automatic transmission?
Yes, the MG Comet EV comes only with an automatic transmission. Since it is an electric car, it does not have a manual gearbox and is very easy to drive in traffic.