At 4,503 units, MG Motor India's June retail sales increased 27%

1 Jul 2022 , 12:18 PM

MG Motor India stated on Friday that its retail sales increased by 27% to 4,503 units in June. 3,558 units had been sold at retail by the corporation during the same month last year.

The company said in a statement that the sales momentum (seen across all models) is the result of some improvement in chip availability, despite the fact that the prognosis is still limited due to supply-chain bottlenecks and significant logistical challenges.

With continuous monthly bookings of over 4,000 and 1,000 units, respectively, the company’s flagship brands, the Hector SUV and electric SUV ZS EV, continue to enjoy high consumer demand.

The production and supply chain concerns will be addressed, according to MG Motor India, which also expects a gradual improvement in the situation in the second half of 2022.

Demand is still robust, and the company is keeping up a good pace of bookings and seeing growing momentum, despite the fact that the global COVID-19 lockout continues to have an impact on production, it continued.

The company said it is actively observing the situation brought on by the worldwide COVID lockdowns and is coordinating its efforts to address it.