MG Motor India Records 53% Increase In Retail Sales In October

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MG Motor India Records 53% Increase In Retail Sales In October

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During the month, the company also achieved its highest ever production monthly milestone.

New Delhi:

MG Motor India on Tuesday reported 53 per cent rise in retail sales at 4,367 units for October 2022.

The company had sold 2,863 units in the same month last year, MG Motor India said in a statement.

During the month, the company also achieved its highest ever production monthly milestone at 5,008 units, which included 784 units of electric vehicle (MG ZS EV), it added.

The company, which had earlier been plagued by chip shortage, said it was able to enhance production due to “some improvement in semiconductor supplies through localisation initiatives”.

The production uptick has made the commencement of the deliveries of the company’s SUV Astor in both continuously variable transmission (CVT) and automatic transmission (AT) variants possible, it added.

“The coming weeks should hopefully see some more improvement,” it said.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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