MG ZS EV BaaS Explained: Price, Payment Plan

The MG ZS EV is one of the most premium electric cars in its price bracket. Moreover, since its launch in 2020, the ZS EV has been considered expensive, leading many prospective electric car buyers to avoid buying it. All the same, MG has brought the ZS EV more within buyers’ reach by introducing it under the BaaS scheme. Here is a price breakdown of the MG ZS EV BaaS scheme and an overview of how much you can save by buying it with BaaS.

What is BaaS?

Battery as a Service, or BaaS, refers to a battery rental service, wherein you can buy an electric car and use its battery as a service. With BaaS, the upfront cost of an electric car drops considerably as the battery’s price is not included in the ex-showroom price. Moreover, the service provider not only charges for battery usage but also maintains the battery and replaces it if needed.

In the BaaS model, there are two ways to use the battery as a Service. One is swapping a discharged battery with a fully charged one at the swapping station. However, this method is generally used for commercial electric vehicles. Second is paying a monthly fee to the service provider to use the battery. The monthly fee depends on the number of kilometres you plan to drive your electric vehicle in a month.

MG ZS EV BaaS Prices

Unlike many other cars available with BaaS, the MG ZS EV charges the same subscription price for all variants. The ZS EV has a Rs. 4.5/km subscription charge. All the same, most finance partners of MG take a minimum monthly running of 1,500 km. This means you have to pay a minimum of Rs. 4.5 X 1,500 = Rs. 6,750 every month. And to cover 1,500 km in a 30-day month, you need to drive 50 km every single day. So, to make the most of the BaaS scheme of the ZS EV, you must drive 50 km every day.

At the same time, it is vital to know that the per-kilometre charge does not include RTO tax, Insurance, TCS, and other statutory taxes. You will have to pay taxes on the full vehicle value because the battery is part of your vehicle.

Value Additions

The MG ZS EV comes with:

• The standard warranty is 3 years/ unlimited km.
• 8-year/1.5 lakh km warranty on battery.
• Free 3 years of Roadside Assistance (RSA) and 2 free scheduled labour services.
• Free portable charging cable, and 7.4 kW AC wall box charger
• Assured buyback plan – you can get 40 to 60 percent guaranteed resale value at the end of 3, 4, or 5 years, depending on the chosen plan.

Final Thoughts

The MG ZS EV easily measures up to the premium standards of its segment. It is a fine mid-size electric SUV with a long enough driving range for urban usage. With BaaS, the ZS EV offers the flexibility to own it for predictable running requirements. All the same, while buying a ZS EV with BaaS, make sure to check all terms and conditions of the service provider, as most service providers will charge you a minimum monthly fee for 1,500 km monthly running. Moreover, do make an estimate of your driving needs, as they will decide whether or not an MG ZS EV with BaaS will be an economic purchase.

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