MG Motor India sales soar 126% to 4,551 units in April 2023

MG Motor India has reported retail sales of 4,551 units in April 2023, which constitutes 126% year-on-year growth (April 2022: 2,008 units). As per the company, it continues to face supply chain constraints in a few models albeit is working towards meeting customer demand. The coming months are expected to bring in further improvements on this front.

The company, which sold a record 48,866 units in FY2023, currently produces the Astor, Gloster, Hector 5-seater, Hector Plus and the ZS EV SUVs. It is eyeing rapid growth this fiscal and has targeted sales of 80,000 to 100,000 units, which would mean doubling of sales.

One of the drivers of growth is billed to be the compact two-door Comet EV, unveiled on April 26 at Rs 798,000. MG Motor India is bullish on consumer demand for the Comet EV and is targeting a 20% share of India’s passenger EV market with its latest product which will see bookings open on May 15.