New Delhi, Sept. 17 -- JSW MG Motor India has launched a Battery-as-a-Service (BaaS) initiative for its luxury retail brand MG Select for the MG Cyberster and MG M9 electric vehicles in India. The scheme, announced on Thursday, reduces the purchase price of both the EVs, and customers will have to pay a separate battery rental fee of Rs.8 per km.

The introductory pricing for the MG Cyberster is Rs.72.49 lakh, and for the MG M9, it is Rs.69.99 lakh, apart from battery rental charges. As per information shared by Autocar India, the BaaS option is available at a lower price than the base price, which is up to Rs.10.01 lakh. The initiative aims at offering luxury EV owners an alternative to ownership.

The MG Cyberster sells for Rs.72.49 lak...