MG Recently launched Windsor as its third EV at starting price of Rs 9.99 lakh for the Body. price is exclusive of the battery, which comes on a rental basis at an additional cost of Rs 3.5 per km. This first-of-its-kind ownership model promises to reduce the upfront acquisition cost of an EV, and MG claims over a certain period of ownership, it reduces running costs as well.
Baas Scheme PDF Link
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What is Battery-as-a-Service or BaaS?
MG says BaaS is a battery rental scheme, but in essence, it is a finance scheme which is backed by four specific third-party financiers. Essentially, the customer pays the cost of the vehicle up front – or through a loan – and the battery is paid for separately on a rental basis.
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