MG Motor

For the financial year ending in 2023, MG Motor India had a 1.26% share in India's passenger vehicle segment

The EV is set to be unveiled in India on April 19; likely priceL Rs 10-15 lakh, ex-showroom

MG Motor India on Saturday reported a 28 per cent year-on-year increase in its retail sales at 6,051 units in March, its best ever so far in a month. The strengthening of semiconductor supplies through various localisation initiatives and the easing of logistical bottlenecks have been key factors in achieving the highest ever sales, the automaker said in a statement. This momentum is expected to sustain and improve in the near future as well, it added. The company had retailed 4,721 units in March 2022. "The Next-Gen MG Hector, India's first internet SUV maintains its strong uptake in the market and has recorded its second-highest lifetime sales, since its launch, in the month of March," MG Motor India Senior Director Sales Rakesh Sidana noted. Similarly, the ZS EV has been registering good traction across market segments, he added. The automaker said it is gearing up for the launch of its forthcoming electric vehicle 'Comet'.

MG Motor India on Saturday said it has bagged an order to supply 100 units of its various models to WTiCabs India. The fleet of 100 vehicles, including Hector and ZS EV, will be used for the rent-a-car division of WTiCabs India. "Our partnership will further make MG vehicles more accessible to SUV and EV enthusiasts in India. We are deeply grateful to WTiCabs for having chosen the MG Hector and ZS EV as their choice of vehicle for their business," MG Motor India Senior Director Sales Rakesh Sidana said in a statement. WTiCabs CEO Ashok Vashist said the company values the partnership and looks forward to continued sales and services support from MG Motor India. "In our constant endeavour to provide sustainable mobility, we will keep adding EV's into our fleet. Our endeavor is to provide sustainable and robust mobility solutions to our corporate clients," he added.

MG Motor India on Thursday said it has christened its upcoming electric vehicle as Comet. The name derives inspiration from the iconic 1934 British airplane which participated in the England-Australia MacRobertson Air Race, the automaker said in a statement. Urban mobility is at a point of inflexion where new age solutions are needed to address both the current as well the forthcoming challenges," MG Motor India President and Managing Director Rajeev Chaba said. As the industry moves further into the digital age, there will be an exceedingly large number of innovations that could range from futuristic technologies to unique designs to clean mobility and many others, he added. "We at MG, through 'Comet', intend to take the needed decisive steps and a 'leap of faith' in the direction of creating solutions for a better future for each one of us," Chaba said.

MG Motor India on Wednesday reported a 4 per cent fall in vehicle sales at 4,114 units in January over the same month last year. The company had retailed 4,306 vehicles in January 2022, MG Motor India said in a statement. The carmaker said production is regaining momentum with some improvement in the supply chain. However, select variants of its vehicles still remain impacted, MG Motor India added.

If MG Motor achieves the sales volume target, it would become the second-largest player in the segment with a market share of 20-24 per cent

MG Motor India increased its sales from about 40,000 units in 2021 to about 50,000 units in 2022

Tata Motors saw its despatches jump 55 per cent to 46,425 units during the month

Driving growth is Tata Motors, with 25,795 registrations, against 10,200 last year

MG Motor India on Tuesday reported 53 per cent rise in retail sales at 4,367 units for October 2022. The company had sold 2,863 units in the same month last year, MG Motor India said in a statement. During the month, the company also achieved its highest ever production monthly milestone at 5,008 units, which included 784 units of electric vehicle (MG ZS EV), it added. The company, which had earlier been plagued by chip shortage, said it was able to enhance production due to "some improvement in semiconductor supplies through localisation initiatives". The production uptick has made the commencement of the deliveries of the company's SUV Astor in both continuously variable transmission (CVT) and automatic transmission (AT) variants possible, it added. "The coming weeks should hopefully see some more improvement," it said.

The company's top management, including directors, managing director and auditors have been summoned next month by the ministry seeking more clarification

MG Motor India on Saturday said its retail sales increased by 17 per cent to 3,808 units in September. The automaker had sold 3,241 units in September 2021. "The waiting period continues to be 3-6 months across models impacted by supply chain constraints," MG Motor said in a statement. The company stated that its models like Gloster, ZS EV, Hector and Astor continue to do well in the market. "However, the semiconductor availability issue persists, limiting MG to supply only the Astor MT (manual transmission) model for the time being," it added. The company is hopeful about commencing deliveries of the Astor automatic variants soon, it noted.

MG Motor India on Thursday reported an 11 per cent decline in retail sales in August, hit by supply chain constraints. The company retailed 3,823 units last month as compared to 4,315 units in August 2021. "The volatility in supply chains continues to cause many production challenges, however, this is expected to improve from next month onwards," the automaker said in a statement. In order to meet growing customer demand, the company has proactively undertaken multiple initiatives, including localisation and the introduction of executive vehicle variants in its product mix, it added. The company, a wholly-owned arm of China's SAIC Motor Corp, said it continues to have a strong order book with a positive outlook for the upcoming launches. The launch of the new version of Gloster, with significant safety, style, and technology enhancements, is expected to double the sales of the model line up, it added. The next-gen Hector, slated for a year-end launch, is expected to add to the gr

MG Motor India on Monday reported a 5 per cent decline in retail sales at 4,013 units in July as production impacted by supply chain constraints

The company had clocked retail sales of 3,558 units in the same month last year

The platform will be accessible on mobile as well as other web browsers and the company also intends to make similar experiences available for VR (Virtual Reality) headsets

Under the partnership, Jio-bp, MG Motor and Castrol will explore setting up four-wheeler EV charging infrastructure and expand Castrol's existing auto service network to cater to EV customers

MG Motor India on Wednesday reported a two-fold increase in its retail sales at 4,008 units in May

MG Motor, which started selling its vehicles in India with the launch of Hector SUV in June 2019, currently has a portfolio including the electric SUV, ZS EV, premium SUV Gloster and compact SUV Astor