MG Motors slashes prices on EV Cars: Comet EV to get cheaper by ₹1 Lakh

MG Motors, the renowned British automotive manufacturer, has announced significant discounts on its electric vehicle lineup to bolster EV sales.

Celebrating its centenary milestone, MG Motors has introduced these discounts as a special offering to consumers.

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Price Reductions Marking MG’s 100th Anniversary

In honor of completing a century, MG Motors has reduced prices on its electric vehicle range.

The Comet EV now sports a new price tag of ₹6.99 lakh (ex-showroom), down from its previous ₹7.98 lakh, reflecting a substantial reduction of approximately ₹1 lakh.

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Furthermore, the pricing of the MG ZS EV Executive variant has been updated to ₹18.98 lakh.

This revision comes as part of MG Motors’ commemorative celebrations, wherein discounts have been extended to their EV offerings.

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Tata Motors Also Joins Price Reduction Trend

In a similar move, Tata Motors has recently slashed prices on its electric vehicle models. The company announced reductions of up to ₹1.20 lakh on its electric cars, passing on the benefits of decreased battery cell costs directly to consumers.

Notable adjustments include the Nexon EV, now available starting at ₹14.5 lakh, marking a reduction of ₹20,000.

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Additionally, the price of the Tiago electric variant has been slashed by ₹70,000.

Tata Motors aims to ensure affordability and accessibility to electric mobility solutions amid evolving market dynamics.


Industry Insights from Vivek Srivatsa

Commenting on the price adjustments, Vivek Srivatsa, Chief Commercial Officer of Tata Motors’ Passenger Electric Mobility division,

highlighted recent moderation in battery cell prices.


Proactively addressing potential supply shortages in the future, Tata Motors has chosen to directly pass on the benefits to customers,

reinforcing their commitment to sustainable mobility initiatives.

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