Recently, the country’s cheapest electric car MG COMET EV has been introduced with new updates. Now this car has become more safe and feature-loaded than before. This electric car with an initial price of Rs 7 lakh (ex-showroom) is a great option for those who buy EV in a low budget.

Even if your monthly salary is up to 30 thousand rupees, you can also easily buy MG COMET EV on EMI. Let us know the entire account of this vehicle’s on-road price, EMI and finance plan.

What is the price of Mg COMET Ev?

The on-road price of the new Mg COMET EV starts from around Rs 7.30 lakh. If you make a down payment of Rs 1 lakh, then you will have to take a loan of 6.30 lakh rupees. The interest rate of this loan will be estimated at 9.8% per year and the duration of repaying it will be 5 years.

According to this, every month you will have to pay an EMI of Rs 13,400. Overall, your total payment will be around 8 lakh rupees in 5 years, including both the original loan amount and interest. However, there may also 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 quite spectacular in terms of features and performance. It is a compact 4-seater electric car designed to run especially in cities. It has a lithium-ion battery of 17.3 kwh, which runs up to 230 km once charged. This car comes with AC fast charging support.

Safety and Technology

In terms of safety and technology, this car is equipped with dual airbags and rear parking camera. It also has facilities like power-folding orvms, electronic parking brakes and ABS + EBD with disk brakes, which make it more safe.

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The country’s most affordable electric car Mg ComeT EV has now become more safe and featured than before. This electric car with an initial price of Rs 7 lakh (ex-showroom) is a great option for those who buy EV in a low budget. Even if your monthly salary is up to 30 thousand rupees, you can also easily buy MG COMET EV on EMI. Let us know the entire account of this vehicle’s on-road price, EMI and finance plan.

How much is the price of Mg COMET Ev?

The on-road price of the new Mg COMET EV starts from around Rs 7.30 lakh. If you make a down payment of Rs 1 lakh, then you have to take a loan of 6.30 lakh rupees. The interest rate of this loan will be estimated at 9.8% per year and the duration of repaying it will be 5 years.

According to this, every month you will have to pay an EMI of Rs 13,400. Overall, your total payment will be around 8 lakh rupees in 5 years, including both the original loan amount and interest. However, there may also be a slight difference in the on-road price of Mg COMET EV in different cities.

Great features and performance of Mg COMET EV

Mg COMET EV is also quite spectacular in terms of features and performance. It is a compact 4-seater electric car designed to run especially in cities. It has a lithium-ion battery of 17.3 kwh, which runs up to 230 km once charged. This car comes with AC fast charging support.

Safety and Technology

In terms of safety and technology, this car is equipped with dual airbags and rear parking camera. It also has facilities like power-folding orvms, electronic parking brakes and ABS + EBD with disk brakes, which make it more safe.

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Mg comt ev on down payment and emi: If you are looking for an affordable and smart electric car for the office or daily commute inside the city, then MG COMET EV can be a great option for you.

This car is currently one of the cheapest electric cars in India, which has an initial ex-showroom price of 7.35 lakhs. The on-road price of its Executive variant in Delhi is around 7.75 lakhs, including insurance, RTO and other charges. If your monthly income is 30,000 to buy the base variant of Mg ComeT EV, then you can finance this car by giving a down-payment of Rs 1 lakh.

How much will you have to pay down-payment and EMI?

According to EMI calculation, for the remaining 6.75 lakhs, if the bank gives a loan for a period of 5 years (60 months) at an interest rate of 9%, then you will have to pay a installment of about 14,000 every month. About 1.65 lakh extra will have to be paid as total interest in this period. However, it depends on the conditions of the calculation bank, your CIBIL score and the finance policy of the dealership, so the amount of EMI may be slightly up and down.

Battery, motor and range

Talking about the battery, motor and range, the MG COMET EV provides a lithium-ion battery of 17.3 khh, which generates 41.42 bhp power and 110 Nm of torque with a single motor setup. This car gives a range of 230 km in full charge once certified by ARAI, which is enough for the use of the city. This electric car has three driving modes, Eco, Normal and Sports, which facilitates customizing performance for different riding needs. It takes about 7 hours to charge 0 to 100% with the help of 3.3 kw AC charger.

Of mg comt Safety features

Talking about safety features, MG COMET EV has many advanced features like dual front airbags, ABS + EBD, Electronic Stability Control (ESC), Hill Hold Assist, Tire Pressor Monitoring System (TPMS) and reverse parking camera.