MG Motor India sells 5,006 units in May, up 25%

MG Motor India has reported retail sales of 5,006 units in May 2023, which marks 25% year-on-year growth (May 2022: 4,008 units) and a 10% month-on-month increase (April 2023: 4,551 units).

The company states it remains “optimistic about growth and meeting the rising customer demand through various ongoing and planned production and operational initiatives.”

MG Motor India has reported growth in sales of its ZS EV and a positive response to the recently launched MG Comet EV. Also, on May 29, the company introduced ‘The Advance Blackstorm’ edition of the MG Gloster.

The company, which sold a record 48,866 units in FY2023 and currently produces the Astor, Gloster, Hector 5-seater, Hector Plus and ZS EV SUVs, and the Comet EV from its plant in Halol, Gujarat, 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, launched 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.

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