MG Motors Sales Report: MG Motor India has released its sales report for March 2023. During this time the company has recorded the highest ever monthly sales. In March 2023, the company sold 6,051 units, an increase of 28.17 percent, while in February 2023, 4,193 units were sold. Whereas in January 2023, the company has sold 4,114 units. That is, the year 2023 has been good for the company and MG is continuously registering an increase in monthly sales.
MG going strong
The sales figures for MG are increasing every month and are expected to grow further. MG is doing a great job on its sales strategy. MG has registered a year-on-year growth of 5.92 percent in the first quarter of 2023. The company had sold 13,555 units in the first quarter of 2022, while year 2023 In the first quarter of 2015, the company sold 14,358 units. That is, there has been an increase of 803 units in the company’s sales. On the other hand, if we compare the fourth quarter of 2022 and the first quarter of 2023, then an increase of 16.31 percent has been recorded between these two quarters. In the last quarter of 2022, the company had sold 12,345 units.
MG to launch Comet EV
MG Motor India is preparing to launch a small electric car Comet EV soon. The new offering will be a city centric car in line with MG’s green energy vision. This small electric car from MG can prove to be a game changer in the Indian market, as it is one of the cheapest electric cars in the country as well as a great package with many modern features. MG is constantly engaged in updating its lineup according to the demand of the Indian market, due to which the position of the company is likely to be strengthened in the next few times.
What is the reason for success?
The reason for MG’s continued success in the country is being attributed to the company’s locally manufactured vehicles, improvement in the supply of semiconductors and increasing demand for cars in the market. Also, the company has focused on producing semiconductors locally. Due to which the sales and delivery system of the company has improved. Rakesh Sidana, Senior Sales Director, MG Motor India said, “The next-gen MG Hector, India’s first Internet SUV continues to hold its ground in the market and registers its second highest lifetime sales in the month of March since its launch Similarly, ZS EV and other products have also made a good hold in the market.
