JSW MG Motor India has extended its Assured Buy Back for EVs from the existing 3 years to up to 5 years now.
The program bolsters the confidence of EV users by guaranteeing a fixed resale value at the end of specified periods. With this new, unique program, MG EV owners can receive a guaranteed resale value after 3, 4, or 5 years, depending on the plan they select.
The program builds on MG Motor’s existing offering, which guarantees 60% buy-back value after 3 years of ownership. It operates independently of any loan or finance scheme. First Time in country Commercial MG ZS EV owners are also eligible for resale value benefits for vehicles up to 3 years old or with a mileage of up to ₹60,000 per annum.
The program helps reduce depreciation risk and makes upgrading to a newer MG model much easier, allowing them to decide whether they choose to retain, return, or upgrade to a new MG vehicle.
Customers will have the option to retain, surrender, or exchange their vehicle at the end of the selected tenure.
Zuno General Insurance is the program’s insurance partner and has been accelerated and facilitated exclusively by Lockton India Insurance Broking and Advisory.
Anurag Mehrotra, Managing Director, JSW MG Motor India, said, “As a customer-centric brand, MG has always introduced initiatives like B-a-a-S (Battery-as-a-service), lifetime warranty on EV batteries that make EV ownership a delightful mobility experience. Resale value has been a key consideration for many customers who are considering buying an EV. With our industry-first MG Value Promise Program (Assured Buyback), facilitated by Lockton India Insurance Broking and Advisory Ltd in partnership with Zuno General Insurance, we want to give MG EV owners complete peace of mind as we now offer an Assured resale value where a customer has option to choose the tenure from 3 to 5 years. We believe this initiative will play a key role in expanding India’s EV market by eliminating a major concern for buyers and building stronger trust in electric mobility.”
Sandeep Dadia, CEO & Country Head, Lockton India, said, “As EV adoption accelerates, customers increasingly seek clarity and confidence around long-term ownership. MG EVs are known for its true-to-range offerings with highest resale value, and through our participation in MG’s extended Assured Buy Back Program, we’ve focused on shaping a solution that provides predictable value in a simple and transparent way. Initiatives like this empower customers to plan their EV journey with greater certainty and strengthen overall trust in India’s rapidly evolving electric mobility ecosystem. With India’s EV landscape set for steady expansion supported by evolving infrastructure, ongoing technological improvements, and increasing consumer awareness, programs like this mark an important step forward. Offering greater assurance and flexibility, such buy-back solutions can play a meaningful role in strengthening trust, reducing adoption barriers, and supporting the broader transition toward a more sustainable and future-ready mobility ecosystem.”
Shanai Ghosh, MD & CEO, Zuno General Insurance, said, “As a digital insurer, this partnership strengthens our vision of building a strong, future-ready EV insurance portfolio. Electric mobility is reshaping how India moves, and we’re excited to support that shift with solutions that stay true to Zuno’s promise of easy, friendly, and transparent. Our collaboration with JSW MG Motor India reinforces our commitment to making EV ownership simpler and more secure for customers.”
