Auto Sales March 2022: MG Motor India Sees 15% Decline In YoY Sales, At 4721 Units

In March 2022, MG Motor India sold 4721 units in the country, a year-on-year decline of nearly 15 per cent compared to 5,528 units sold in March 2021.

By Seshan Vijayraghvan

1 mins read

Published on April 1, 2022

Highlights

In March 2022, MG's total sales stood at 4721 units
Compared to 5,528 units sold in March 2021 YoY decline was 15 per cent
MG says retails were immensely impacted by the supply chain constraints

MG Motor India has released the monthly sales numbers for March 2022, during which the carmaker's total sales stood at 4721 units. Compared to 5,528 units sold in March 2021, the company saw a year-on-year decline of nearly 15 per cent last month. At the same time, compared to 4,528 units sold in February 2022, MG Motor India saw a month-on-month growth of over 4 per cent. The carmaker says that vehicle retails in March 2022 were immensely impacted by the supply chain constraints due to the new COVID-19 variant and the ongoing global semiconductor chip shortage. Also Read: Auto Sales February 2022: MG Motor India Sees 5% YoY Growth In Retail Sales At 4,528 Units MG Motor India says that it continues to witness positive momentum in enquiries and bookings across its product portfolio, including Astor, Hector, Gloster, and the updated ZS EV. In fact, MG says that the new ZS EV, which was launched on March 7, 2022, has garnered a strong customer response with over 1500 bookings in less than a month. Also Read: 2022 MG ZS EV Facelift Review MG says it continues to witness positive momentum in enquiries and bookings across its product portfolio MG Motor India right now working to increase the supply of SUVs to meet the rising demand, especially the Astor, which has been accounting for an average of over 2000 units for the last few months. In fact, the Astor has also surpassed Hector sales, the company's previous best-selling model, albeit by a marginal difference. In March, MG Motor India also introduced an online car finance platform called MG e-Pay, as an end-to-end solution to provide instant loan approvals. With this, MG aims to offer online car purchase solutions with flexible, seamless, transparent, and quick loan approvals. The SAIC-backed automaker says the new online car finance platform will simplify the purchase journey in five clicks and seven steps. The online finance journey will be available to both online and offline booked customers, including existing and new bank customers.