MG Motor India reports 28% rise in retail sales in September

MG Motor India reports 28% rise in retail sales in September

PTIUpdated: Friday, October 01, 2021, 12:11 PM IST
article-image
MG Motor India had retailed 2,537 units in the same month last year, MG Motor India said in a statement./Representative image | CarDekho.com

MG Motor India on Friday reported 28 per cent increase in retail sales at 3,241 units in September 2021 despite facing production challenges due to semiconductor shortage.

The company had retailed 2,537 units in the same month last year, MG Motor India said in a statement.

In September, the company's electric SUV ZS EV witnessed higher demand 600-plus bookings, it added.

Commenting on the sales performance, MG Motor India Director-Sales Rakesh Sidana said, "Our production has reduced by almost one-third due to chip shortage. We expect this challenge to continue for the next few months."

However, he said, "Given the high number of bookings, we are trying our best to address the challenge and bring down the waiting period down to three months."

With the festival season around, MG Motor India said it is getting ready to launch its mid-size SUV, MG Astor later this month.

RECENT STORIES

'Despite US Slowdown, Indian Pharma Sector To See Steady FY26 Growth,' Says ICRA Report

'Despite US Slowdown, Indian Pharma Sector To See Steady FY26 Growth,' Says ICRA Report

'Penal Tariffs By US Will Not Be There Beyond November 30': Chief Economic Adviser V. Anantha...

'Penal Tariffs By US Will Not Be There Beyond November 30': Chief Economic Adviser V. Anantha...

Sensex Rallies 320 Points, Nifty Breaks 25,400 Barrier, Will Pharma Lead The Next Surge?

Sensex Rallies 320 Points, Nifty Breaks 25,400 Barrier, Will Pharma Lead The Next Surge?

Rupee Falls 28 Paise To Close At 88.13 Against US Dollar

Rupee Falls 28 Paise To Close At 88.13 Against US Dollar

Japan's SMBC Completes 20% Stake Acquisition In Yes Bank, Becomes Largest Shareholder

Japan's SMBC Completes 20% Stake Acquisition In Yes Bank, Becomes Largest Shareholder