MG Motor India's retail sales up 20% to 4,306 units in January 2022

MG Motor India's retail sales up 20% to 4,306 units in January 2022

AgenciesUpdated: Tuesday, February 01, 2022, 10:38 AM IST
article-image
The auto maker had retailed 3,602 units in January 2021./ Representative image |

MG Motor India on Tuesday said its retail sales increased 20 per cent to 4,306 units in January as compared to the same period a year ago.

The auto maker had retailed 3,602 units in January 2021.

''The supply remains affected due to the ongoing global semiconductor shortage, which has led to reduced production,'' MG Motor India said in a statement.

Although the demand momentum continues, MG Motor believes that the situation will improve in the year's second half, it added.

The company sells models like Hector, Astor and Gloster in the domestic market.

(With inputs from PTI)

RECENT STORIES

HSBC Upgrades India To 'Overweight', Retains Sensex Target Of 94,000 For 2026 Amid Strong Growth...

HSBC Upgrades India To 'Overweight', Retains Sensex Target Of 94,000 For 2026 Amid Strong Growth...

NSE Warns Investors Against 5 Individuals Running Unauthorised Stock Tip Channels, Flags Illegal...

NSE Warns Investors Against 5 Individuals Running Unauthorised Stock Tip Channels, Flags Illegal...

Rupee Slumps 39 Paise To Close At All-Time Low Of 90.33 Against US Dollar

Rupee Slumps 39 Paise To Close At All-Time Low Of 90.33 Against US Dollar

Aadhaar OTP Boosts Tatkal Booking Fairness In 322 Trains, Railways Deactivates 3.02 Cr Fake User IDs...

Aadhaar OTP Boosts Tatkal Booking Fairness In 322 Trains, Railways Deactivates 3.02 Cr Fake User IDs...

Sensex Jumps 426 Points & Nifty Reclaims 25,900, Market Stages Strong Comeback After Sharp Fall;...

Sensex Jumps 426 Points & Nifty Reclaims 25,900, Market Stages Strong Comeback After Sharp Fall;...