MG Windsor EV EMI & On-Road Price 2026 — Variant & State Guide

Key Takeaways

• The MG Windsor EV Exclusive 38kWh at ₹14,99,000 ex-showroom works out to ₹15,81,455 on-road — with ₹0 road tax since all Indian states have waived road tax on EVs.
• On a 20% down payment (₹3,16,291) and a 7-year loan at 9.5%, the EMI is ₹20,678 on a ₹12,65,164 loan.
• Choosing 30% down instead of 10% cuts total interest from ₹5,30,783 to ₹4,12,794 — a ₹1,17,989 saving over seven years.
• The Windsor EV's Battery-as-a-Service (BaaS) option lets you buy the car without the battery, reducing the upfront price to under ₹10 lakh and instead paying a per-kilometre battery rental — a unique financing structure in India.

The MG Windsor EV is arguably the most innovative EV proposition in India in 2026 — not just as a crossover with a lounge-like interior and panoramic glass roof, but because of its Battery-as-a-Service (BaaS) model. Under BaaS, buyers purchase the car without the battery (reducing the ex-showroom price significantly) and then pay a flat per-kilometre charge for battery usage. This guide covers the standard purchase path (full ownership), giving you exact on-road prices and verified EMI calculations for all three variants — along with a section explaining how BaaS works financially. Prices are ex-Delhi, verified June 2026.

MG Windsor EV Variant Prices (2026)

The Windsor EV is available in three variants — Excite, Exclusive and Essence — all on the 38 kWh battery pack. All are automatic, front-wheel drive. Ex-showroom Delhi prices, on-road price (₹0 road tax) and the indicative EMI (20% down, 7 years at 9.5%):

Note: the Excite (₹13,50,000) is above ₹10 lakh so TCS applies. The calculator above shows all variants with live on-road pricing — all state rows show ₹0 road tax.

What Goes Into the On-Road Price

For the popular Windsor EV Exclusive 38kWh at ₹14,99,000 ex-showroom:

A comparable petrol crossover at ₹15 lakh would attract ₹1.2–2.1 lakh in road tax in Karnataka or Tamil Nadu — the Windsor EV avoids this entirely. TCS is collected at purchase and adjustable against income tax at filing. Test configurations in the car loan EMI calculator.

Road Tax Across 10 States — All ₹0 for EVs

For the Windsor EV Exclusive 38kWh (₹14,99,000 ex-showroom), road tax is waived in every state:

All Indian states have waived road tax for EVs. In Karnataka, a ₹15 lakh petrol crossover would incur roughly ₹2.1 lakh in road tax — a cost entirely avoided here. The on-road price is therefore the same nationwide for the same variant.

Understanding Battery-as-a-Service (BaaS)

BaaS is MG's innovative financing option exclusive to the Windsor EV in India. Under BaaS:

• You buy the car body without the battery at a significantly reduced ex-showroom price (typically ₹4–5 lakh lower).
• You then pay a per-kilometre battery lease fee (approximately ₹2.5–3 per km depending on the plan).
• The battery remains MG's property; replacements for defects or degradation are MG's responsibility.

When does BaaS make financial sense?

• If you drive fewer than 1,000–1,200 km per month: the per-km fee is lower than the EMI saving from the reduced purchase price.
• If upfront capital is a constraint: the BaaS purchase price is often below ₹10 lakh ex-showroom, eliminating TCS entirely.
• If battery longevity is a concern: MG bears the replacement cost.

When is full ownership better?

• High-mileage drivers (15,000+ km/year) — the per-km fee adds up quickly.
• Buyers who want outright ownership and resale simplicity.

For standard full-ownership financing, use the car loan EMI calculator to model your specific figures.

MG Windsor EV EMI by Loan Tenure

For the Windsor EV Exclusive at ₹15,81,455 on-road with 20% down (₹3,16,291), the loan is ₹12,65,164. At 9.5%:

Moving from 5 to 8 years cuts the EMI by ₹7,706 but adds ₹2,16,780 in interest. See flat vs reducing balance interest for the mechanics. The car loan EMI calculator lets you test any configuration.

Down Payment: How Much Should You Put Down?

For the Windsor EV Exclusive (₹15,81,455 on-road), 7-year loan at 9.5%:

A 30% down payment saves ₹1,17,989 in interest versus 10% down over seven years. For buyers using the BaaS option, the lower upfront price makes a higher down-payment percentage more achievable. Model any prepayment in the prepayment calculator — no penalty under RBI rules on floating-rate loans.

Running Cost: Windsor EV vs Petrol Crossover

The Windsor EV delivers 331 km MIDC range from a 38 kWh battery. Home charging at ₹4–6/kWh delivers about ₹1.5–2 per km; an equivalent petrol crossover costs ₹7–9 per km.

Over a 7-year loan at 12,000 km per year, fuel savings of roughly ₹4.3 lakh approach the total interest on the loan. Combined with ₹1.2–2.1 lakh in road-tax savings versus a petrol rival, the Windsor EV makes a strong total-cost-of-ownership case.

Is an MG Windsor EV EMI Affordable for You?

The Windsor EV Exclusive EMI of ₹20,678 suggests a take-home income of roughly ₹1.0–1.4 lakh per month for comfortable FOIR compliance. Check your eligibility with the loan eligibility calculator and read how much EMI you can afford.

How to Get the Best Windsor EV Loan Deal

1. Compare BaaS vs full ownership — BaaS reduces the loan principal significantly, which can lower the EMI even accounting for the per-km fee at moderate mileage.
2. Ask for EV-specific rates — banks typically offer 0.25–0.5% below standard car loan rates for EVs.
3. Compare MG Finance vs your bank — MG sometimes runs zero-processing-fee promotions on Windsor EV.
4. Choose 5–6 years over 8 — the interest saving of ₹2.16 lakh (5yr vs 8yr) exceeds the annual fuel saving in year 1.
5. Check current rates at current loan rates and compare offers at compare loans.

For the broader EV finance picture, see EV loan guide India 2026.

Frequently Asked Questions

What is the on-road price of the MG Windsor EV in 2026?

For the Exclusive 38kWh (₹14,99,000 ex-showroom), the on-road price is ₹15,81,455 across all states — ₹0 road tax, ₹52,465 insurance, ₹14,990 TCS and ₹15,000 registration. The Excite starts at ₹14,25,750 on-road; the Essence reaches ₹18,43,750.

What is the EMI for the MG Windsor EV?

For the Exclusive on 20% down (₹3,16,291) and a 7-year loan at 9.5%, the EMI is ₹20,678 on a ₹12,65,164 loan. A 5-year tenure raises it to ₹26,571 but saves ₹2,16,780 in total interest. Use the car loan EMI calculator to adjust the figures.

What is Battery-as-a-Service (BaaS) on the MG Windsor EV?

BaaS lets you buy the Windsor EV without the battery at a reduced ex-showroom price (typically ₹4–5 lakh cheaper), then pay a per-kilometre fee for battery usage. MG retains ownership and bears battery replacement costs. It suits low-to-moderate mileage drivers who want lower upfront outlay and freedom from battery degradation risk.

Is road tax zero for the MG Windsor EV?

Yes. All Indian states have waived road tax for EVs. The Windsor EV pays ₹0 road tax in every state — saving ₹1.2–2.1 lakh versus a comparable petrol crossover in Karnataka or Tamil Nadu.

What range does the MG Windsor EV offer?

331 km MIDC-certified range from the 38 kWh battery across all three variants. Real-world range in mixed urban and highway driving with AC is typically 220–270 km. For urban commuters driving 40–60 km daily, weekly overnight charging is sufficient.

Does TCS apply on the MG Windsor EV?

Yes. All three Windsor EV variants are priced above ₹10 lakh, so 1% TCS under Section 206C(1F) applies at purchase. TCS is fully adjustable against your income tax at annual filing. Under the BaaS option, TCS is calculated on the reduced (battery-excluded) ex-showroom price, which may fall below ₹10 lakh on entry variants — eliminating TCS entirely.

What is a sensible down payment for the Windsor EV?

Around 20% (₹3,16,291 for Exclusive) is a reasonable starting point. A 30% down payment saves ₹1,17,989 in interest over seven years. If choosing BaaS, the lower car price makes putting 30% down much more achievable.