JSW MG Motor India has partnered with Lockton India as its insurance broking partner, supporting the automaker’s continued efforts to strengthen electric vehicle (EV) adoption in India. The collaboration aligns with JSW MG Motor’s recently announced extension of its Assured Buy-Back Programme, aimed at addressing customer concerns around long-term ownership and resale value of EVs.
Through this collaboration, Lockton will work closely with JSW MG Motor to support and deliver tailored insurance and risk solutions that complement the company’s evolving EV ecosystem. The engagement reflects Lockton’s commitment to enabling innovation-led mobility solutions by helping organisations manage emerging risks across the automotive and mobility value chain.
With this new, unique program, MG EV owners can receive a guaranteed resale value after 3, 4, or 5 years, depending on the plan they select. The program builds on MG Motor’s existing offering, which guarantees 60-40% buy-back value after 3 years of ownership*. It operates independently of any loan or finance scheme. First Time in country Commercial MG ZS EV owners are also eligible for resale value benefits for vehicles up to 3 years old or with a mileage of up to INR 60,000 per annum.
As EV adoption accelerates, manufacturers and customers alike face new and evolving risk considerations — from asset protection and residual value to liability and lifecycle coverage. Lockton’s role as insurance broking partner focuses on bringing deep market expertise, customised risk advisory, and structured insurance solutions that support sustainable growth in the mobility sector.
This partnership further reinforces Lockton’s focus on collaborating with forward-looking organisations that are shaping the future of transportation in India, while helping them navigate complexity through insight-driven risk and insurance strategies.
Commenting on the partnership, Dr. Sandeep Dadia, CEO & Country Head, Lockton India, said, “As EV adoption accelerates, customers increasingly seek clarity and confidence around long-term ownership. MG EVs are known for its true-to-range offerings with highest resale value and through our participation in MG’s extended Assured Buy Back Program, we’ve focused on shaping a solution that provides predictable value in a simple and transparent way. Initiatives like this empower customers to plan their EV journey with greater certainty and strengthen overall trust in India’s rapidly evolving electric mobility ecosystem.
With India’s EV landscape set for steady expansion supported by evolving infrastructure, ongoing technological improvements, and increasing consumer awareness, programs like this mark an important step forward. Offering greater assurance and flexibility, such buy-back solutions can play a meaningful role in strengthening trust, reducing adoption barriers, and supporting the broader transition toward a more sustainable and future-ready mobility ecosystem.”