JSW MG Motor India has launched an industry-first extended Assured Buy Back Program for its electric vehicles, widening guaranteed resale value coverage from three to up to five years. Under the plan, MG EV owners will receive 40–60% assured resale value, depending on the selected tenure. The initiative — facilitated exclusively by Lockton India Insurance in partnership with Zuno General Insurance — operates independently of loans or finance schemes and also covers commercial MG ZS EV fleets up to three years old or running up to ₹60,000 km annually.
Managing Director Anurag Mehrotra said the program aims to remove one of the biggest barriers to EV adoption — uncertainty over depreciation — while encouraging long-term trust in electric mobility. Customers may choose to retain, exchange, or return their vehicles at the end of the tenure, improving financial predictability and upgrade flexibility.
In Bhubaneswar, where EV awareness is rising alongside improvements in charging infrastructure, market observers expect the buy-back guarantee to appeal strongly to first-time EV buyers and fleet operators. Dealers say assured value protection could help accelerate adoption in Odisha’s capital by reducing risk perception and improving confidence in the emerging EV ecosystem.
Zuno General Insurance and Lockton India said the partnership supports India’s transition to sustainable mobility through simple and transparent ownership solutions.
