[sri_tesla]

Originally Posted by SmartCat

Once that is set aside, you have to now compare Windsor EV with that of its peers in EV world. You get a bigger car for smaller initial outlow from your pocket. This is such a good deal for the customer, that I suspect MG will lose huge amounts per car sold.

Remember that MG is paying the battery maker in advance for every car sold. Since MG does not have unlimited money, this is borrowed at interest cost. And it is recovering that cost of (battery + interest) only partly from the customer over multiple years. In a way, this move by MG is an anti-competitive move (selling a car below its manufacturing price to gain marketshare).

Not really. Battery prices have declined drastically in the last 1-2 years. As per TrendForce, LFP cells cost RMB 410 per kWh (Rs 4,840 per kWh) in July 2024 in China. So, Windsor's 38 kWh battery pack costs Rs 1.83 lakhs at cell level. At the pack level, it costs around Rs 2.5 lakhs at most.

MG is selling Windsor for Rs 10 lakhs. Let's compare it with MG Astor which is also priced at Rs 10 lakhs. GST on EVs is just 5% while on ICE vehicles with >4m and <1500cc is 43%. So, the ex-factory price for MG will be ~Rs 9.5 lakhs for Windsor and Rs ~7 lakhs for Astor. These are the real revenues per car that MG makes. If anything due to low GST and lower battery prices, MG is making the money worth the battery in advance compared to Astor. Also, I am sure the ICE engine in Astor costs much more than electric motors in Windsor EVs. If we compare it with other EVs like ZS EV, or XUV400, Nexon, etc.. it may look cheaper but all those are way overpriced to begin with. MG should have launched this Windsor directly with battery at Rs 12 lakhs instead.

All the companies are just milking the tax incentives and subsidies citing high battery costs and lower running costs for too long. For years, Bloomberg and even a few company executives claimed that EVs reach cost parity with ICE vehicles once battery prices reach $100 per kWh. Currently, battery prices are at $58 per kWh.

[Venkatesh]

Few pictures from the launch event.

































Source : Rushlane

[Comrade]

Originally Posted by digitalnirvana

is it beneficial to own this for someone (me) who has say 35-40km a day of city usage (plus adding say 30km per week for the first year to use free MG charging) versus buying outright the Punch.ev or even the Nexon.ev?

Not comparing the energy efficiencies etc, just the purchase + BaaS cost of Windsoe is 15-16L for base model or maybe 20L for top variant. You alone can decide if punch @ 10-14L or Nexon at 12-15L is better car vs windsor. If we are not comparing size, space, comfort etc etc, then I would ask my not tiago or comet at even lower costs than punch or nexon?

[SnS_12]

So, from an insurance perspective will the owner cover the car minus the battery as Insurance will consider only the IDV (Insured Declared Value)? This will make things complicated for an insurance company especially fire claim scenarios where the battery is at fault and the culprit..

Also, the 3.5/km battery rental cost will remain fixed for how many years of ownership without MG making inflation based increments?

We really need more information to make an educated decision on this offering from MG..

[antz.bin]

The biggest disadvantage of going electric for less used cars is the cost of the battery that needs to be paid upfront. Such cars are usually city dweller cars that rarely see the highway. People tend to buy petrol AT hatchbacks for such low usage cars.

Comparing the Windsor EV with something like a i20 / Baleno AT being used for city use with other larger cars in the garage for longer runs.

It is really a no contest.

The running costs of an i20 returning 10-12 kmpl in the city is about ₹8-10/km

Assuming the Baleno is slightly more efficient and it will be around ₹7-9/km

A Windsor Excite costs roughly the same to acquire as the cheapest i20 Sportz AT and the Baleno Zeta AGS.

City running costs of a Windsor (with home charging) is about ₹1.5/km. Add ₹3.5/km + 18% GST on battery rental (= ₹4.13). It comes to ₹5.65/km. (GST is assumed, may be included in the Battery rental)

The difference in city running costs compared to equally priced AT hatchbacks is ₹1.35 - ₹4.35/km

Even with sub-10k km annual running, there is no drawback to going electric. Only benefits (larger size, larger boot, more wheelbase, more legroom, more power, more features, no battery replacement cost anxiety, no battery depreciation).

Why again are we buying small AT hatchbacks for?

[GoBabyGo]

Hi, my assumption on the long term ownership basic cost of Windsor EV vs Nexon EV LR. Please note that ex showroom price of models other than Excite are assumed.

Most probably those who have fear of resale value of EV after few years or thinking that EV tech may change in next 3-4 years, can opt for mid variant of Windsor EV which has almost everything we need. The 60% buy back value will hopefully give mental peace who are worried about the resale value of EV.

I think Windsor EV is the most spacious EV (or ICE SUV or Crossover Automatic) for the rear passenger under 20 lacs onroad with all the tech & features available.

[ron_maxx]

Originally Posted by rkv_hunter

Agree on this. I think they are trying to do too much in one go. Should ideally be optional. It will be interesting how will they collect the rental. What if someone doesn’t pay. Recovering money is not an easy job, even banks struggle and have specialised teams for collections. They are getting themselves into something which is not meant for a car company to manage.

Yes unless they use a payment gateway to unlock the car after say 3 month of usage or prepaid OR charge the customer during first 3 servicing, they will have problems getting money. They might have an image problem also if they are too harsh.

Also till how many kilometres one has to pay 3.5 rs/km is not clear to me to make the buying decision.

[narayans80]

Had a look at the brochure from the official site and here are some details that caught my eye:



Maximum fast charging capability is 45 kw and promises 55 minute charging time at 50 kw. Proofreading RIP?



What does this part of the spec mean? Most reviews show the Essence variant, which are shod with 215/55/R18. Is Excite variant shod with 215/60/R17 (if so I'd be happy).

Also is spare wheel an accessory atleast? There seems to be the real estate for that.

Amongst all things looking at the reviews, those stalks are the stupidest parts. Why cram so much in 2 stalks?



Thank god the Infinity gauntlet is not present in the Excite variant

[SmartCat]

Originally Posted by sri_tesla

Not really. Battery prices have declined drastically in the last 1-2 years. As per TrendForce, LFP cells cost RMB 410 per kWh (Rs 4,840 per kWh) in July 2024 in China. So, Windsor's 38 kWh battery pack costs Rs 1.83 lakhs at cell level. At the pack level, it costs around Rs 2.5 lakhs at most.

But if it indeed costs MG Rs. 2.5 lakhs per battery, it will probably work out, but barely (breakeven sorts)

- Assume life of battery (80% level) is 8 years, after which it is removed from the car
- MG or battery lease company pays financial institution Rs. 3,800 per month to cover for battery cost @ 8% pa over 8 years
- Let's assume that an average MG Windsor user drives for 1000 km a month netting MG battery lease company Rs. 3,500 per month (which covers the EMI)
- After 8 years (80% life), the battery still has recycling/scrap value.

[ferrarirules]

Originally Posted by GoBabyGo

@Rs.3.5 per km = Rs.1,26,000/-

Originally Posted by DHARM

However this will be useful who want is seating on fence to buy EV, can give back car after 3 years as per KM cost will be of 3.5KM with free charging of 1 year

Originally Posted by Comrade

At 72k kms, it would cost me appx ~2.5L + gst to rent the Windsor battery pack.

Originally Posted by narayans80

BaaS is 3.5 Rs/km and add 1-1.5 Rs/km of charging costs. Am looking at a 5 Rs/km running cost without maintenance.

Originally Posted by GoBabyGo

Hi, my assumption on the long term ownership basic cost of Windsor EV vs Nexon EV LR. Please note that ex showroom price of models other than Excite are assumed.

All except Comrade have missed one key thing, Battery rental of Rs.3.5 per km will have GST rate of 18%

Originally Posted by SmartCat

Remember that MG is paying the battery maker in advance for every car sold. Since MG does not have unlimited money and customer is not paying for the battery, MG has to borrow from banks to fund the batteries cost, especially if MG Windsor becomes a massive success . Note that MG is recovering that cost of (battery + interest) only partly from the customer over multiple years.

Indian regulations don’t even allow manufacturers to sell a car without battery. So MG can only price in battery as a loan to customer which will be payable on a monthly basis on km driven with some upfront cost.

For the 3-60 buyback, it is a plan which needs to be bought like extended warranty.

I will say it is the most confusing car launch, I have ever seen as cost of Ownership of even the base model is not clear. Just to get the wow number of Rs. 9.99 lakh they have done this. And I have not even gotten into the features that missing in the base model

[fache89]

In this less than a minute video, Ather founder explains why subscription did not work for them. MG thinks otherwise. All the best to them.

https://youtube.com/watch?v=8R5IAqDx...beY6MU5kmt30Cw

[DHARM]

Originally Posted by GoBabyGo

Hi, my assumption on the long term ownership basic cost of Windsor EV vs Nexon EV LR. Please note that ex showroom price of models other than Excite are assumed.

Most probably those who have fear of resale value of EV after few years or thinking that EV tech may change in next 3-4 years, can opt for mid variant of Windsor EV which has almost everything we need. The 60% buy back value will hopefully give mental peace who are worried about the resale value of EV.

I think Windsor EV is the most spacious EV (or ICE SUV or Crossover Automatic) for the rear passenger under 20 lacs onroad with all the tech & features available.

must add advantage of 6 months additional charging over Nexon for free

[saikishor]

Assuming an owner would drive 1 lac kms, battery rental translates to 3.5*100000=3 lac 50k. So 10 lacs + 3.5 lacs= 13.5 or lets just assume 14 lacs including registration charges etc. Might not be a bad deal if you ask me, given the battery rental is fixed and not floating.

[rajshenoy]

Originally Posted by saikishor

Assuming an owner would drive 1 lac kms, battery rental translates to 3.5*100000=3 lac 50k. So 10 lacs + 3.5 lacs= 13.5 or lets just assume 14 lacs including registration charges etc. Might not be a bad deal if you ask me, given the battery rental is fixed and not floating.

Question is, where is the catch ?

A car of this size, that too in EV will easily cost 20-25 lakhs OTR in cities like Bangalore. Here in this case even with battery royalty, the price is still looking like a dream for majority of us driving a lakh km in say around 8-10 year period. Hence the question is, where is the catch ?

[saikishor]

Originally Posted by rajshenoy

Question is, where is the catch ?

A car of this size, that too in EV will easily cost 20-25 lakhs OTR in cities like Bangalore. Here in this case even with battery royalty, the price is still looking like a dream for majority of us driving a lakh km in say around 8-10 year period. Hence the question is, where is the catch ?

Guess we need to dive deep in the T&C during booking or delivery. Only that will give valid answers.