MG Comet EV is your dream of owning India’s most adorable electric car just got a bit more expensive. MG Motor India has quietly raised the prices of its popular Comet EV by up to ₹15,000, effective immediately, leaving potential buyers wondering if now is still the right time to make the electric switch.
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The New Reality: Starting at ₹7.50 Lakh
Gone are the days when you could drive home the tiny Comet EV for under ₹7.50 lakh. The company’s most affordable electric vehicle now commands a higher premium, with prices spanning from ₹7.50 lakh to ₹10 lakh (ex-showroom). This marks the second price adjustment in just over a month, signaling MG’s strategy to optimize profitability in India’s competitive EV landscape.
Breaking Down the Price Pain
The price hike isn’t uniform across variants, creating a mixed bag of disappointment for different buyer segments:
Executive Variant (Base Model): ₹14,300 increase
- Previously the most accessible entry point into electric mobility
- Still offers essential EV features without premium frills
Excite and Exclusive Variants: ₹15,000 increase each
- The most significant jump, affecting the popular mid-tier options
- These variants typically appeal to urban professionals seeking style with substance
Blackstorm Edition (Top Variant): ₹13,700 increase
- Ironically, the premium variant sees the smallest hike
- Suggests MG is protecting its profit margins on high-end sales
Why MG Made This Move
Price hikes in the automotive industry rarely happen in isolation. Several factors likely influenced MG’s decision:
Rising Input Costs: Battery prices, semiconductor shortages, and inflation continue pressuring manufacturers globally. Even as battery technology improves, raw material costs for lithium, cobalt, and nickel remain volatile.
Market Positioning: With India’s EV market heating up, MG might be repositioning the Comet EV as a premium compact electric vehicle rather than a budget option.
Profitability Pressure: As the company expands its EV portfolio, maintaining healthy margins on existing models becomes crucial for funding future innovations.
What This Means for Indian EV Buyers
For families considering their first electric vehicle, this price hike creates a genuine dilemma. The Comet EV’s unique selling proposition has always been its combination of affordability, urban-friendly size, and decent range for city commuting.
The Good News: The Comet EV still offers excellent value for urban mobility, with zero emissions, low running costs, and a design that turns heads on Indian roads.
The Reality Check: With prices now starting at ₹7.50 lakh, buyers might need to reconsider their budgets or explore financing options to make electric mobility accessible.
Should You Still Buy the Comet EV?
Despite the price increase, the MG Comet EV remains a compelling choice for urban Indian families. Its compact dimensions make it perfect for navigating crowded city streets, while its electric powertrain offers significant savings on fuel costs over time.
The key question isn’t whether the Comet EV is worth its new price—it’s whether you can afford to wait any longer. With automotive prices showing an upward trend globally, delaying your EV purchase might mean paying even more later.
The Bottom Line
MG’s price hike reflects the broader reality of India’s evolving EV market. As electric vehicles transition from novelty to necessity, manufacturers are adjusting their pricing strategies to balance affordability with profitability.
For Indian consumers ready to embrace electric mobility, the message is clear: the EV revolution comes with evolving price tags, but the long-term benefits of zero emissions and reduced running costs make the investment worthwhile.
Considering the MG Comet EV despite the price hike? Calculate your total cost of ownership, including savings on fuel and maintenance, to make an informed decision about India’s most charming electric vehicle.
