July 24, 2021

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MG Motors posts 33% growth in retail sales in December 2020

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, SEO, Wordpress Support & Insurance, Mortgage, Loans, Legal, Etc BlogsNEW DELHI: SAIC-owned MG Motor India has reported retail sales of 4,010 units, (including 3,430 units of Hector) during December 2020, a growth of 33% against the same month last year. The company also recorded 77% growth in total sales in 2020, despite continuous local supply chain bottlenecks.

The company also claims that it has gathered 5,000 HECTOR and 200 EV bookings in December, the highest figure for 2020.

The carmaker also announced that it will be taking preventive annual maintenance shutdown at its Halol manufacturing facility in Gujarat during the first 10 days of January 2020, which would affect its production in January.

This coupled with lockdown restrictions could hamper supply chain as well.

Rakesh Sidana, director – sales, MG Motor India, said, “We have ended the year on a high note with customers continuing to choose the best-in-class premium products from MG’s stable. Going forward, we will have more excitement for the customers in January. We expect the momentum to continue as the MG brand enters more markets in 2021.”

The company in a press statement said that it continues to ramp up production of MG Gloster and hopes to stabilise the production by March 2021. It has received 3,000 bookings and retailed 1,085 units of the Gloster in two months. It has retailed over 25,000 units of the MG Hector in calendar year 2020, the highest in its segment and 1243 units of ZS EV.

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