The grand success of MG Windsor EV is one of the strongest driving forces behind the growing EV adoption in India. While the Windsor has many perks that attract buyers, a key one is the BaaS scheme, which substantially reduces its upfront cost and makes it more affordable for the average Indian buyer. At the same time, the BaaS scheme should not be good for those with high-mileage driving requirements. If you are considering the Windsor, here is a detailed explanation of how economically beneficial or disadvantageous its ownership can be with BaaS.
MG Windsor EV BaaS vs Ex-Showroom Price
| Variant | Ex-showroom price | Battery Price | BaaS Price |
| Excite 38 kWh | Rs. 14 lakh | Rs. 4.21 lakh | Rs. 9.99 lakh + 3.9/km |
| Exclusive 38 kWh | Rs. 15.53 lakh | Rs. 4.11 lakh | Rs. 11.42 lakh + 3.9/km |
| Essence 38 kWh | Rs. 16.53 lakh | Rs. 4.11 lakh | Rs. 12.42 lakh + 3.9/km |
| Exclusive Pro 52.9 kWh | Rs. 17.38 lakh | Rs. 5 lakh | Rs. 12.38 lakh + 4.5/km |
| Essence Pro 52.9 kWh | Rs. 18.50 lakh | Rs. 5 lakh | Rs. 13.60 lakh + 4.5/km |
MG Windsor EV Price Comparison: Initial BaaS Price vs Ex-Showroom Price
Depending on the battery pack, the MG Windsor EV has two different subscription tariffs. For the smaller 38 kWh battery pack, MG charges Rs. 3.9/km, while for the larger 52.9 kWh battery pack, the brand charges Rs. 4.5/km.
With BaaS, the MG Windsor EV costs Rs. 9.99 lakh + Rs. 3.9/km to Rs. 13.60 lakh + Rs. 4.5/km. This means that buying the MG Windsor EV with BaaS over buying the full unit, including the battery, can save you up to Rs. 5 lakh on the upfront cost.
Meanwhile, it is vital to consider that most finance partners of MG charge a minimum monthly fee for 1,500 km every month. Therefore, you need to pay a minimum of Rs. 3.9 X 1,500 = Rs. 5,850 every month for the smaller 38 kWh battery pack. Whereas, for the larger battery pack, the minimum monthly subscription charge is Rs. 4.5 X 1,500 = Rs. 6,750.
ALSO READ: Battery as a Service (BaaS) Explained
MG Windsor EV Price Comparison: Cost of Ownership
Let’s compare the cost of ownership of the MG Windsor EV with BaaS against the MG Windsor EV as a whole unit, including the battery.
Case A
MG Windsor EV (Base Excite variant) with BaaS
Upfront cost: Rs. 9.99 lakh
Minimum monthly charge – Rs. 3.9 X 1,500 = Rs. 5,850
Charging cost
- The average domestic tariff for electricity is Rs. 8/unit (kWh).
- Charging a 38-kWh battery pack requires around 41 units (assuming minor transmission losses), costing Rs. 328.
- Given the MG Windsor EV 38 kWh battery’s claimed driving range of 332 km and real-world driving range, it will take around 5 full charging cycles to cover 1,500 km.
- Monthly electricity usage cost for 1,500 km will be around 5 X Rs. 328 = Rs. 1,640
Total monthly expenditure: Rs. 5,850 + Rs. 1,640 = 7,490
Total yearly expenditure: Rs. 7,490 X 12 = Rs. 89,880 + maintenance cost
5 years’ expenditure: Rs. 89,880 X 5 = Rs. 4,49,400 + maintenance cost
5 years ownership cost: Rs. 9,99,000 + Rs. 4,49,400 = Rs. 14,48,400 + maintenance cost
Now, if you finance the vehicle at a 9% interest rate for 5 years:
20% downpayment = 20 % of Rs. 9.99 lakh = Rs. 1,99,800
Loan amount = Rs. 7,99,200
Total amount = Rs. 7,99,200 + Rs. 1,96,205 (interest) + Rs. 1,99,800 = Rs. 11,95,205
5 years ownership cost (with BaaS) = Rs. 11,95,205 + Rs. 4,49,400 = Rs. 16,44,605 + maintenance cost
Case B
MG Windsor EV (Base Excite variant) without BaaS
Upfront cost: Rs. 14 lakh
Charging cost: Rs. 1,640 (as calculated above)
Total monthly expenditure: Rs. 1,640
Total yearly expenditure: Rs. 1,640 X 12 = Rs. 19,680 + maintenance cost
5 years’ expenditure: Rs. 19,680 X 5 = Rs. 98,400 + maintenance cost
5 years ownership cost: Rs. 14,000,00 + Rs. 98,400 = Rs. 14,98,400 + maintenance cost
Now, if you finance the vehicle at a 9% interest rate for 5 years:
20% downpayment = 20 % of Rs. 14 lakh = Rs. 2,80,000
Loan amount = Rs. 11,20,000
Total amount = Rs. 11,20,000 + Rs. 2,74,961 (interest) + Rs. 2,80,000 = Rs. 16,74,961
5 years ownership cost (without BaaS) = Rs. 16,74,961 + Rs. 98,400 = Rs. 17,73,361 + maintenance cost
Difference between cost of ownership of models with BaaS and without BaaS = Rs. 17,73,361 – Rs. 16,44,605 = Rs. 1,28,756
Therefore, in 5 years of ownership, an MG Windsor EV (Excite) with BaaS will save you around Rs. 1.28 lakh, compared to buying the same model as a whole unit.
ALSO READ: Electric Cars Available with BaaS Scheme in India
Final Thoughts
The MG Windsor spearheaded the BaaS model in the Indian passenger electric car market. No doubt, the BaaS scheme attracts many buyers with budget concerns, as electric cars demand a high upfront cost. All the same, there is a caveat that makes the BaaS scheme of any car worth giving serious thought, and it is the minimum monthly BaaS subscription fee. Most finance partners of MG charge a minimum monthly fee for at least 1,500 km. So, to make the most of the Windsor EV BaaS scheme, you will need to drive it daily for around 50 km. The main benefit of the BaaS scheme is not having to pay the entire price of the electric car’s battery at the time of the purchase. Instead, you pay a small monthly fee to use it. Overall, the MG Windsor offers an economic ownership with BaaS; however, it pays a great deal to predict your monthly running costs before walking into the showroom to buy one.
FAQ
What are the MG Windsor EV BaaS prices?
The MG Windsor BaaS prices are Rs. 9.99 lakh + Rs. 3.9/km for Excite variant 38 kWh, Rs. 11.42 lakh + Rs. 3.9/km for Exclusive 38 kWh, Rs. 12.42 lakh + Rs. 3.9/km for Essence 38 kWh, Rs. 12.38 lakh + Rs. 4.5/km for Exclusive Pro 52.9 kWh, and Rs. 13.60 lakh + Rs. 4.5/km for Essence Pro 52.9 kWh.
Does the MG Windsor EV BaaS have a minimum monthly fee?
Yes, the MG Windsor BaaS has a minimum monthly fee for 1,500 km of running. So, for the base Excite variant, which has a cost of Rs. 9.99 lakh + Rs. 3.9/km with BaaS, you will need to pay a minimum of Rs. 3.99 X 1,500 = Rs. 5,850 every month.
How much cheaper is the MG Windsor EV with BaaS compared to its actual ex-showroom price?
BaaS, or Battery as a Service, essentially splits the electric vehicle’s cost into two – vehicle cost + battery cost. With BaaS, you can buy the electric vehicle without buying its battery and then pay a monthly fee to use the battery
While buying an MG Windsor EV with BaaS, you do not need to pay the cost of the battery, which is up to Rs. 5 lakh. However, you will have to pay for the monthly battery subscription charge of Rs. 3.9/km to Rs. 4.5/km. At the same time, it is important to note that most finance partners of MG charge a minimum monthly BaaS fee for 1,500 km.
