At what down payment will you get country's cheapest EV?
In the indian market, MG Motor has introduced its most affordable electric car 2025 MG Comet EV with new updates. However, the company has not changed its starting price. Despite this, this car has become safer and more feature-loaded than before. This electric car with a starting price of Rs 7 lakh (ex-showroom) is a great option for those buying EV on a low budget.
Even if your monthly salary is up to Rs 30 thousand, you can easily buy MG Comet EV on EMI. Let's know the complete details of on-road price, EMI and finance plan.
On-road price and EMI plan of MG Comet EV
The on-road price of the new MG Comet EV starts at around Rs 7.30 lakh. If you make a down payment of Rs 1 lakh, then you will have to take a loan of Rs 6.30 lakh. The interest rate of this loan will be estimated at 9.8% per annum and the repayment period will be 5 years. According to this, you will have to pay an EMI of Rs 13,400 every month. Overall, your total payment in 5 years will be around Rs 8 lakh, which includes both the principal loan amount and interest. However, there may be a slight difference in the on-road price of MG Comet EV in different cities.
Great features and performance
MG Comet EV is also very good in terms of features and performance. It is a compact 4-seater electric car, specially designed for driving in cities. It has a 17.3 kWh lithium-ion battery, which runs up to 230 km on a single charge. This car comes with AC fast charging support.
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