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 Motor has once again increased the prices of its electric car COMET EV. In July 2025, the company made all variants expensive, with the most impact on customers who are thinking of buying or driving a car under ‘battery subscription’ i.e. Battery-AA-A-Service (BaAS) model. This is the second major price hike for COMET EV in 2025, earlier the prices were also increased at the beginning of the year. Rising prices simply means that now taking Mg Comet Ev will be heavy on your pocket.

What a huge increase?

The Executive variant of Mg Comet Ev Electric Car has now been priced at Rs 7.50 lakh (ex-showroom), which was earlier Rs 7.36 lakh. EXCITE, Excite Fast Charging and Exclusive variants have increased by Rs 15,000 for all, after which their new prices have increased by Rs 8.57 lakh, Rs 8.97 lakh and Rs 9.56 lakh (ex-showroom) respectively. The prices of Exclusive Fast Charging and Blackstorm Edition Trims have also increased to Rs 14,000-15,000. There is no new feature or upgrade in it, only prices have increased.

Battery subscription is also expensive now

If you take Mg ComeT EV with battery subscription, the ex-showroom price of the base executive variant is still Rs 4.99 lakh, but all the variants above have been increased by up to Rs 15,000. The biggest thing, the rental fees of the Recruitful Battery have also increased. Earlier this fee was Rs 2.90 per km, now it has been reduced to 3.10/km. That is, the more you run, the more the expenditure on you will increase. If you drive 1,000km a month, now you have to pay more than 200 rupees.

Specifications and features

Talking about the specifications of Mg ComeT EV, this car is designed for urban users and short-destination travel. It has a compact design that makes city driving easier. The car has an electric motor which is capable of giving around 230km (ARAI claimed) range on single charge. It provides lithium ion battery pack, which supports fast charging. The company says that this is 0 to 100% charge in about 7 hours, while this time can be less than fast charger. The Mg Comet Ev comes with the front-wheel drive system and also has a regenerative braking, which increases the efficiency of the battery.

In interior and features, Mg COMET EV is smart in its segment. It provides advance features like dual 10.25-inch digital display (infotainment and driver console), wireless android auto and apple carplay, digital smartkee support and AI Voice Assistant. Two airbags, ABS+EBD, reverse camera and electronic stability program are available for safety. The car has a 4-seater layout and under the I-Smart Suite, you can monitor/control the entire car with your smartphone. It also includes practical details such as dual tone interior, LED lights, push start-stop buttons and single speed automatic transmission.

Electric Cars Under 10 Lakhs: Rising prices of petrol and diesel and strict standards of pollution control rules have diverted the common Indian towards electric vehicles. Especially when you get such an electric car between 5 lakh to 10 lakhs, which is also cheap, stylish and better for the environment, then it becomes a matter. We have brought a list of some cheap and better Electric Cars for you.

1. Mg COMET Ev

Mg COMET EV is a better electric car for India’s most affordable and urban use, which is an ex-showroom price of Rs 6.99 lakh, but under the Baas scheme it can also be purchased at the price starting from 5 lakhs. It has a 17.3 kwh battery, which gives a range of 230 km. For charging, it is full charge from 3.3 kw AC charger in 7 hours, while DC fast charger is charged from 0 to 80% in 5.5 hours. The features include two 10.25-inch screen (infotainment and driver display), LED lights and wireless Apple Carplay and Android Auto. This car is a better option for those who struggle with traffic and parking problems especially in cities.

2. Tata Tiago Ev

Tata Tiago Ev is a performance and safety packed option, which is the initial price of Rs 7.99 lakh. It is available in two battery variants- 19.2 kwh which gives a range of 250 km and 24 kwh which can run up to 350 km. It has 74 bhp power and 170 Nm of torque. With DC fast charging, it can be charged from 10% to 80% in just 58 minutes. Its major features include 7-inch touchscreen, 8-speaker Harman Sound System and Automatic Climate Control. Also, the 4-star GNCAP safety rating makes it a safe family car.

3. Tata Punch Ev

Tata Punch Ev is considered to be the cheapest electric SUV in the country, which costs less than Rs 10 lakh. It has a 25 kwh battery which gives a range of up to 315 km and it can be charged from 0 to 80% in just 56 minutes with DC fast charger. It provides features such as 10.25-inch touchscreen, cruise control, connected car technology, 350 liters of boot space and 5-star safety rating. This car is a better option especially for those who travel long distances daily due to the SUV look, strong performance and high standards of security.

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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.