The MG Comet EV is the most affordable electric car in India and an appealing deal as a small electric car for day-to-day transportation. While it is small, it is practically designed and packs ample space for four adults. Moreover, being an MG car, it offers an impressive list of features for its asking price and long enough driving range to meet your daily driving needs. If you are looking for an MG Comet EV, here is a guide for you. In this article, New MG Comet EV vs Used MG Comet EV, we find out how much you can save by buying a used Comet and how different the Comet is from a new one.
New MG Comet EV: Quick Overview
The MG Comet EV is a cute-looking small 3-door city car, which can comfortably accommodate four adults and ferry them within the city area. Given its claimed driving range of 230 km, which drops to nearly 193 km in real-world driving conditions, the Comet is not a car which can be recommended to take for long trips outside the city. At the same time, the Comet is a car that is to go with the flow of traffic and not to be driven at high speeds. Its small turning radius and compact size add a great deal of ease to manoeuvre it through the city traffic and park it in tight spaces. On the inside, the light-themed cabin enhances the sense of spaciousness, as does the large window glass area. The interior is minimalist, and the quality of material used is much appreciable for a car of its price.
The Comet is available in three broad variants: Executive, Excite / Excite FC, and Exclusive / Exclusive FC. Here, ‘FC’ means fast charging compatibility with a 7.4kW AC charger. It offers two battery options: 17.3 kWh (regular variants) and 17.4 kWh lithium-ion battery (Fast Charging Variants).
In terms of features, the Comet EV offers LED headlamps, keyless entry, steering-mounted audio controls, steering tilt-adjust, a 10.25-inch touchscreen infotainment system with wireless Android Auto and Apple CarPlay, a 10.25-inch digital instrument cluster, manual AC, front power windows, powered wing mirrors, a 50:50 rear seat split, drive modes, and more. For safety equipment, it offers two airbags, ABS with EBD, electronic stability control, rear parking sensors, reverse parking camera, tyre pressure monitoring system, ISOFIX child mounts, and more. The electronic parking brake, rear disc brakes, and electronic stability control with hill hold control are limited to the top Exclusive and Exclusive FC variants.
Key Updates of the New MG Comet EV
Nearly a year after its launch in April 2023, MG rejigged the Comet lineup, renaming the variants and adding a couple of variants with a Fast Charging option in March 2024. Earlier, the Comet was available in Pace, Play, and Plush variants, which were renamed to Executive, Excite, and Exclusive, respectively. The Excite and Exclusive variants were introduced with a fast charging option as well. The Fast-Charging variants brought in a few features that were missing earlier. These features include rear disc brakes, an electronic parking brake, ESC, hill-hold control, power foldable wing mirrors, and creep mode.
New MG Comet EV: Ex-Showroom Price
| Car Variant | Transmission | Ex-Showroom Price with MG’s BaaS scheme | Ex-Showroom Price |
| Executive | 1-speed automatic | Rs 4.99 lakh + BATTERY RENTAL 3.1/km | Rs 7.49 lakh |
| Excite / Excite FC | 1-speed automatic | Rs 6.20 – 6.60 lakh + BATTERY RENTAL 3.1/km | Rs 8.56 – 8.96 lakh |
| Exclusive / Exclusive FC | 1-speed automatic | Rs 7.19 – 7.60 lakh + BATTERY RENTAL 3.1/km | Rs 9.56 – 9.96 lakh |
| Blackstorm edition | 1-speed automatic | Rs 7.63 lakh + BATTERY RENTAL 3.1/km | Rs 9.99 lakh |
Note: Prices may vary slightly by location, and dealer discounts are not included.
MG’s BaaS programme refers to Battery-as-a-Service (BaaS). It is essentially a subscription model, wherein buyers will only pay for the usage of the battery, which is a nominal Rs 3.1 per km in Comet’s case; the rental prices are different for different MG EVs. Moreover, if you want the complete EV with the battery, you can purchase it by paying the full ex-showroom price mentioned above.
Used MG Comet EV: Quick Overview
Apart from the updates mentioned above, the MG Comet EV has remained the same since its launch in April 2023.
Used MG Comet EV: Price Overview
| Production Year | Transmission | Approx. Price |
| 2024 | 1-speed automatic | Rs 5 – 8.50 lakh |
| 2023 | 1-speed automatic | Rs 4 – 7.50 lakh |
The final price depends on the condition, location, and variant.
New MG Comet EV vs Used MG Comet EV: Financing Comparison
| New MG Comet EV Excite | Used MG Comet EV Play variant (2023) | |
| On-Road Price | Rs 8,93,000 | Rs 6,75,000 |
| Down Payment (20%) | Rs 1,78,600 | Rs 1,35,000 |
| Loan Amount | Rs 7,14,400 | Rs 5,40,000 |
| Loan Tenure | 5 years | 4 years |
| Interest Rate | 9% | 11% |
| Total Interest | ~ Rs 1,75,386 | ~ Rs 1,29,916 |
| Total Paid | Rs 7,14,400 + Rs 1,75,386 + Rs 1,78,600 = Rs 10,68,386 | Rs 5,40,000 + Rs 1,29,916 + Rs 1,35,000 = Rs 8,04,916 |
| Difference | Saves: Rs 2,63,470 |
As evaluated above, a 2-year-old mid variant of the MG Comet EV can save you over Rs 2.5 lakh compared to the new model of the same variant, while offering you nearly the same package.
New MG Comet EV vs Used MG Comet EV: Insurance Comparison
MG Comet EV Excite (2024)
- Initial Insured Declared Value (IDV): Rs 6,96,178 lakh
- First-Year Premium: Rs 6,095 (approx.)
- Total 5-Year Premium (with depreciation): Rs 25,000 (approx.)
MG Comet EV Excite (2023)
- Initial IDV: Rs 6,55,227
- First-Year Premium: Rs 5,378 (approx.)
- Total 5-Year Premium: Rs 20,000 (approx.)
So, in terms of insurance cost, a used MG Comet EV will save nearly Rs 5,000 if you choose it over a new one, and if the difference between the new model and the used model is around only 1 year.
New MG Comet EV vs Used MG Comet EV: Which to Choose?
The new MG Comet EV has a few more features than the MG Comet models produced before March 2024. All the same, a used Comet EV can be a great deal for you, and a 2-year-old model can save you over Rs 2.5 lakh, although it will be wise to take a test drive and physically inspect the models before making the final decision.
FAQs about MG Comet EV
Q. What does a brand-new MG Comet EV, that a used MG Comet EV does not?
Nearly a year after launch in April 2023, MG rejigged the Comet lineup, renaming the variants and adding a couple of variants with a Fast Charging option in March 2024. Earlier, the Comet EV was available in Pace, Play, and Plush variants, which were renamed to Executive, Excite, and Exclusive, respectively. The Excite and Exclusive variants were introduced with a fast charging option as well. The Fast-Charging variants brought in a few features that were missing earlier. These features include rear disc brakes, an electronic parking brake, ESC, hill-hold control, power foldable wing mirrors, and creep mode. So, the models produced after March 2024, especially the mid and top variants of the Comet EV, offer a few more features than the ones produced before March 2024.
Q. If I buy a used MG Comet EV instead of a new one, how much will I save?
If you buy a 2-year-old mid variant of the MG Comet instead of a new one, you can save over Rs. 2.5 lakh.
Q. Which modern features will I get in a used MG Comet EV?
In a used MG Comet EV, you can get LED headlamps, keyless entry, steering-mounted audio controls, steering tilt-adjustment, a 10.25-inch touchscreen infotainment system with wireless Android Auto and Apple CarPlay, a 10.25-inch digital instrument cluster, manual AC, front power windows, 50:50 rear seat split, drive modes, and more. For safety equipment, a used Comet EV can offer two airbags, ABS with EBD, rear parking sensors, reverse parking camera, tyre pressure monitoring system, ISOFIX child mounts, and more.
