MG Motor India Sees 5% YoY Growth In Retail Sales In February 2022

In February 2022, MG's retail sales stood at 4,528 units. Compared to the 4,329 vehicles sold in February 2021, the company saw about 5 per cent year-on-year growth.

By Seshan Vijayraghvan

1 mins read

Published on March 1, 2022

Highlights

In February 2022, MG's total retail sales stood at 4,528 units
MG says despite supply chain constraints, customer demand is robust
MG Motor India is gearing up to launch the new MG ZS EV in March 2022

MG Motor India has released the monthly sales numbers for February 2022, during which the company's total retail sales stood at 4,528 units. Compared to 4,329 vehicles sold in February 2021, the Chinese-owned British marque saw about 5 per cent year-on-year growth in last month's sales. MG's month-on-month performance was also similar. The company sold 4,306 units in January 2022, registering a MoM growth of 5.1 per cent in February 2022. MG Motor India says that while there were supply chain constraints, demand remained robust as MG has garnered a healthy number of new bookings. Also Read: MG Motor India February 2021 Sales The new MG Astor compact SUV has attained a strong interest amongst the buyers Also Read: MG Motor India January 2022 Sales MG Motor India says that its new compact SUV, the Astor, has attained a strong interest amongst the buyers. The company has hoped to deliver 5,000 units of the SUV by the end of 2021, however, due to supply chain constraints, deliveries had to be postponed to 2022. However, last month the company said that most of the first batch of customers have already received their Astors and it's now working to increase the supply of SUVs to meet the rising demand. The company says, its Hector and Gloster also continue to exhibit good sales trends in their respective segments. The new MG ZS EV is also likely to get a 360-degree view camera, and possibly even Advanced Driver Assistant Systems (ADAS) Currently, MG Motor India is gearing up for the launch of the 2022 ZS EV, which is slated to be launched later this month. The updated model will come with a revised design and styling, and a host of new and refreshed features and tech. In fact, the SUV is also expected to get a bigger battery and offer an improved range. MG Motor India currently produces its cars at the company's manufacturing facility in Halol, Gujarat. The plant has an annual production capacity of 80,000 vehicles and employs nearly 2,500 workforces.