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MG Comet EV

Price ₹ 7.50 - 9.56 Lakh

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Benefits On MG Comet EV

Consumer Offer up to Rs. 33,000 . T&C’s Apply

Applicable on All Variants

Applicable city - New Delhi

Vali till - Jun 30, 2023

Description

The MG Comet EV is a stylish 3-door, 4-seater compact hatchback, designed especially for city driving. Its ultra-compact size makes it easy to maneuver in traffic and park in tight spaces, while the modern interiors feature a dual-screen setup, digital controls, and connected car technology. Powered by a 17.3 kWh battery, it offers a driving range of around 230 km per charge, making it suitable for daily urban commutes. With its quirky design, tech features, and affordable running cost, the Comet EV is a trendy and practical choice for city dwellers.

Self Employed Individuals
Eligibility

We make your dream come true with minimal new car loan eligibility criteria. Helping you commute in your own dream car!
  • Income: Minimum ₹3 Lakhs per annum as per latest ITR
  • Age: 23 years to 65 years
  • Stability: Minimum 3 years’ business stability
  • Residence stability – 2 years in the city and 1 in the current residence/ no stability required in case of own house
Document details
  • Documents
    • Latest 2 years’ Income Tax Returns with IT computations
    • 3 months' Bank statements
    • Business Incorporation Certificate /Business Proof
Salaried Individuals
Eligibility

We make your dream come true with minimal new car loan eligibility criteria. Helping you commute in your own dream car!
  • Income: Minimum ₹2.5 Lakhs per annum
  • Age: 23 years to 60 years
  • Stability: Minimum 3 years’ employment stability and at least 1 year in the current employment
  • Residence stability – 2 years in the city and 1 in the current residence/ no stability required in case of own house
Document details
  • Income proof :
    • Latest - Form 16/ Income Tax Returns
    • Last 3 months' salary slips
    • Bank Statements – 3 months

Bank Name

Car Loan Interest Rates

Processing Fee

SBI Car Loan

8.60% p.a. onwards

New Car: Up to Rs.2,000

Axis Bank Car Loan

8.75% p.a. onwards

Minimum of Rs.3,500 and a maximum of Rs.12,000

Bank of Baroda Car Loan

8.70% p.a. onwards

Rs.2,500

Canara Bank Car Loan

8.80% p.a. onwards

0.25% of the loan amount, subject to a minimum of Rs.1,000 and a maximum of Rs.5,000

Federal Bank Car Loan

11.00% p.a. onwards

Contact the bank
FAQs

As of September 2025, the MG Comet EV is priced between ?7.50 lakh and ?10 lakh (ex-showroom), depending on the variant. Additionally, MG offers a Battery-as-a-Service (BaaS) model, allowing customers to purchase the car at a reduced price and lease the battery separately, further lowering the initial cost.

The MG Comet EV is available in three main variants: Executive Excite Exclusive Each variant offers different features to cater to diverse customer preferences.

The MG Comet EV is equipped with a 17.3 kWh battery pack, providing a real-world range of approximately 230 km on a full charge, making it suitable for daily urban commutes.