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MG Windsor EV BaaS FAQs
Frequently Asked Questions
The "Battery As A Service (BAAS)" program allows customers to purchase the Intelligent CUV Windsor at a lower upfront initial cost (Excluding battery cost) and pay for the battery on a pay-per-usage model. This reduces the upfront cost of buying an EV and offers flexibility in payments.
In the BAAS program, you pay for battery usage which starts from ₹3.5 per km (excluding charging cost). This cost is separate from the initial payment for the remaining vehicle cost (minus battery).
The BAAS program reduces the upfront cost and the running cost by 40% compared to compact ICE SUVs. This makes owning an EV more affordable and cost-effective over time
The financers onboarded for the BAAS program include Bajaj Finance Limited, Herofin Corp, VidyutTech Services Private Limited, Ecofy | Autovert Technologies Private Limited
Financing options include EMI options from respective financiers for different terms & attractive interest rates.
No, there is no additional cost except for a nominal charging cost calculated at approx. Rs1 per km
Yes, there are easy exit options provided by respective financiers
These are very specific tailor-made plans, and it would not be possible to get finance done through your preferred financer.. The complete package must be taken through the tie up partners
BAAS Program is exclusively introduced for Windsor and not applicable to any other car. However, If in case, you want to sell the car before the tenure, you can sell the car by repaying the outstanding amount & by paying balance amount for both vehicle and battery.
We have different finance partners under this program wherein No minimum running per month is offered. For certain financier there is minimum running of 1500km per month(₹3.5 per km). It is advisable to review the specific terms provided by each financer to choose the best option for your needs.
The interest and principal both components constitute the battery rentals.
Telematics device would be installed on the vehicle through which monthly Kms driven would be tracked basis different programs offered by respective finance partners.
we have different plans from different partners, plan for Vidyuttech charges exactly on the kms run by you.
Even Hybrid cars the fuel cost comes to be around Rs5/km which is more than the current battery rentals being charged, additionally Hybrid cars have higher acquisition price compared to petrol cars which further reduces the price difference between Hybrid and EVs