[carhead]

Originally Posted by Chrome6Boy

Tax savings due to depreciation is what I expect. It should come back to normal in the next few months. This car has a cult following

Sorry didn't quite get the depreciation point. Can you elaborate please.

[Chrome6Boy]

Originally Posted by carhead

Sorry didn't quite get the depreciation point. Can you elaborate please.

As per this link.

"Section 80EEB: Eligibility and Conditions

Any individual who has taken a loan to purchase an electric vehicle can claim a deduction under Section 80EEB. However, the following eligibility criteria and conditions must be satisfied to claim the deduction:"


Apparently you can get a 1.5 lakh deduction. Mine's a company car so I did not investigate.

[MindFreak9874]

Originally Posted by Chrome6Boy

As per this link.

"Section 80EEB: Eligibility and Conditions

This is no longer applicable, and due to the date, never was for the Comet

Originally Posted by The Link

The loan taken for the purchase of the electric vehicle should be from a financial institution such as a bank or a non-banking financial company (NBFC). The loan should also be sanctioned between 1st April 2019 to 31st March 2023.

Comet was launched after this date, mid 2023.

For standard depreciation benefits one would want to purchase on March 31st to get the benefit right from.the next day, April 1st, but that would've been an increase, not decrease.

[Lolafied]

Originally Posted by carhead

Highest ever Comet monthly sales is 1268 in Apr'24. Steep decline to 173 in Mar'25. What's the reason?

I read somewhere that JSW-MG was renovating/modifying their Halol plant to increase the production of EV's (Windsor in particular). Maybe that's the reason why they didn't push for Comet sales. Hector used to clock around 1800+/month sales but ever since Windsor got launched, all the other cars including Hector lost sales. Now they are providing huge discounts on Hector, Gloster, Astor along with Comet.

I think Comet is still the best fit solution for urban mobility & will always find customers who understand the utility this niche product provides.

[GOLU]

Originally Posted by GOLU

MG Comet: 7,000 km Later, a City EV Delight!

I just posted my humorous take on MG Comet Ownership in India - All the BHPians please have look and let me know what you feel about it

<link removed>

3 Devastating Reasons Why You Should Absolutely Refuse to Buy an MG Comet EV!

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