Mg Windsor EV vs Nexon EV vs XUV400: Ownership Cost Analysis

With the launch of Windsor EV, MG Motors has introduced a new way to own an electric car with its Battery as a Service (BaaS) model. This means you can lease the battery separately from the car, reducing the initial purchase cost. Also this new BaaS battery rental scheme can change how much you spend over time. Let’s see how this compares to traditional models like the Tata Nexon EV and Mahindra XUV400 over a period of 5 years.

Initial Purchase Cost

While buying the newly introduced MG Windsor EV Excite model, the upfront cost is around Rs. 9.99 lakh. However, this price doesn’t include the battery cost. This lowers the initial cost of the car compared to the Tata Nexon EV Prime XM variant, which costs Rs. 14.99 lakh, and the Mahindra XUV400 EC, priced at Rs. 15.99 lakh. Both of these models include the battery in their purchase price.

Monthly Costs

In case of MG Windsor EV, buyers have to pay monthly battery subscription of Rs. 5,250 for the battery. This subscription cost is calculated based on the program cost of Rs. 3.5 per kilometer and average of 1500 km base usage.

For the Tata Nexon EV and Mahindra XUV400, you only need to pay for electricity, which costs about Rs. 15 per kWh. Assuming an average consumption of 30 kWh per 350 km, driving 1,500 km would cost around Rs. 1,928 per month for Nexon EV and Rs. 2,070 for XUV400. This figure is comparativey lower than MG Windsor EV’s BaaS program.

Long-Term Costs Over 5 Years

Let’s break down the total runing cost over five years for each vehicle:

• MG Windsor EV Excite: Considering the monthly running cost of Rs 5,250 for an average of 1500 km driven. Over a period of five years, you’ll pay Rs. 3.15 lakh for the battery lease (Rs. 5,250 x 60 months).
• Tata Nexon EV Prime XM: Without any BaaS program and inbuilt battery pack, Nexon EV’s running cost would be around Rs. 1.15 lakh ( Rs. 1,928 X 60 months).
• Mahindra XUV400 EC: Meanwhile, considering a monthly running cost of Rs. 2,070 for 1500 average km, the 5 year cost would be Rs. 1.24 Lakh for XUV400 EC variant.

Over five years, the MG Windsor EV offers the highest total cost of ownership compared to the Tata Nexon EV and Mahindra XUV400. However, plus points of the MG’s subscription model are the added benefit of lower upfront costs, battery maintenance and upgrades, helping ensure that the vehicle is affordable and remains in top condition.

Maintenance and Upgrades

Maintenance and upgrades for EVs are generally costly, which MG has removed it completly from Winsor EV buyers. It is because, the MG Windsor EV’s monthly battery fee covers all maintenance and offers the ability to upgrade to newer batteries as technology evolves. This means you donot have to worry about battery degradation or a loss in efficiency over time.

Meanwhile, for the Tata Nexon EV and Mahindra XUV400, buyers are responsible for the battery maintenence. There are no available upgrades, so you will likely be using the same battery throughout the electric car’s lifetime.

Though the MG Windsor EV’s battery subscription model provides a lower upfront cost, the monthly running cost is comparatively higher than Nexon EV and XUV400. The BaaS model is appealing if you prefer to keep the initial investment low and want to benefit from the latest battery technology.

However, if you prefer minimal running costs, one-time payment structure with no recurring monthly fees beyond the EV charging cost, the Tata Nexon EV or Mahindra XUV400 may be a better fit for you.

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