MG Motor India retails down 7% in February, cumulative 11-month sales surpass FY2022 total

Cumulative sales for the first 11 months of FY2023’s at 42,815 units are up 20% YoY on FY2022’s 40,369 units and are its best yet for a fiscal.

Autocar Pro News Desk By Autocar Pro News Desk calendar 01 Mar 2023 Views icon1830 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
MG Motor India retails down 7% in February, cumulative 11-month sales surpass FY2022 total

MG Motor India has announced retail sales of 4,193 units in February 2023, down 7% year on year (February 2022: 4,528 units). Cumulative sales for the first 11 months of the ongoing fiscal year are 42,815 units, up 20% YoY (April 2021-February 2022: 35,648 units).

This also means that with one month left for FY2023 to close, MG Motor India has already clocked its best-yet sales for a fiscal year, well ahead of FY2022’s 40,369 units, which were a 13.40% increase of FY2021’s 35,597 units. In FY2020, the carmaker had sold a total of 21,954 units.

According to the company, while bookings for the Next-Gen Hector are positive, the supply situation of select variants remains impacted. It is currently focused on ramping up the production of its premium SUV, the MG Gloster.

Among last month’s highlights for the company was the delivery of 108 Hector SUVs on a single day – February 19 – to car leasing and rental company Orix India for its Rent-a-Car division.

On the EV front, the manufacturer has reaffirmed its commitment towards building a robust EV ecosystem in India. On February 11, MG Motor India inaugurated 12 DC fast charging stations for EVs on the Delhi-Jalandhar corridor in partnership with Bharat Petroleum Corporation. 

RELATED ARTICLES
IIT Bombay inaugurates Arun Firodia Research Floor 

auther Autocar Pro News Desk calendar09 Apr 2024

IIT Bombay, one of India’s top technical and research institutions, honours Kinetic Group chairman Dr Arun Firodia, one ...

Maruti Suzuki expands capacity at Manesar plant by additional 100,000 units

auther Autocar Pro News Desk calendar09 Apr 2024

New assembly line at Plant A expands total manufacturing capacity at the Manesar plants to 900,000 units per annum. Alon...

Hyundai and Kia partner Exide Energy to produce LFP batteries in India

auther Autocar Pro News Desk calendar08 Apr 2024

Partnership with Exide Energy enables Hyundai Motor and Kia to equip future EVs in the Indian market with locally produc...