MG Comet EV: Bring Home India’s Most Affordable Electric Car with Just ₹1 Lakh Down Payment

MG Comet EV: If you’re tired of rising petrol and diesel prices in 2026 and are looking for a great electric car that’s budget-friendly and features-packed, the MG Comet EV is the perfect option. With an ex-showroom price of just ₹7.49 lakh, this car is a boon for those looking to truly enjoy a premium electric ride at a low cost. Most importantly, even if your monthly income is just ₹30,000, you can still own this smart car with easy installments.

The MG Comet EV is gaining popularity in Indian cities due to its compact design and powerful futuristic technology. Prices vary slightly depending on your city and local RTO regulations. In metropolitan areas like Delhi, the on-road price of this car starts at around ₹7.82 lakh. If you’re considering financing this car, you can take it home with an initial down payment of just ₹100,000.

In this case, you’ll need to take a loan of approximately ₹682,000 from a bank. If the bank offers you a loan for 5 years (60 months) at an annual interest rate of 9.8%, your monthly EMI will be around ₹14,425. Thus, over the five-year period, you’ll pay a total of ₹8.65 lakh, including principal and interest, which is quite affordable for a middle-class family.

The MG Comet EV is specifically designed to handle urban congestion, heavy traffic, and narrow streets with ease. It’s a modern 4-seater electric car that, while small and cute, offers a powerful and agile performance. It features a 17.3 kWh high-quality lithium-ion battery that ensures an impressive driving range of up to 230 kilometers on a single full charge.

This range is sufficient for daily office commutes or city chores. Furthermore, the car comes with AC fast charging support, allowing you to quickly charge it in your home or office parking area and get it ready for the journey again.

Being affordable doesn’t mean MG Motors has compromised on the car’s safety or technology. This new 2026 model features stringent, international-standard safety features. For passenger safety, it features dual airbags, ABS, and EBD, which prevent the car from skidding during sudden braking. Additionally, it comes with a rear parking camera and advanced sensors, making parking in tight spaces a breeze. The car also features high-end features like power-folding ORVMs and an electronic parking brake, making it a premium and completely modern electric vehicle.