STOCK MARKET BSE NSE

MG Motor reports 51 per cent rise in retail sales at 4,315 units for August

The company had sold 2,851 units in August 2020. The carmaker noted that it recorded the highest-ever bookings of ZS EV last month at over 700 units.

Published: 01st September 2021 12:26 PM  |   Last Updated: 01st September 2021 12:26 PM   |  A+A-

A showroom of MG Motor India

A showroom of MG Motor India. (Photo| Special Arrangement)

By PTI

NEW DELHI: MG Motor India on Wednesday reported a 51 per cent increase in retail sales to 4,315 units for August.

The company had sold 2,851 units in August 2020. The carmaker noted that it recorded the highest-ever bookings of ZS EV last month at over 700 units.

"The higher momentum has continued for all our three models. We are witnessing busy dealerships, eagerly seeking more inventory. However, the severe shortage of chips is expected to continue till the end of the year, leading to production constraints," MG Motor India Director-Sales Rakesh Sidana said in a statement.

The automaker expects manufacturing in September to be severely impacted, which will be lower than August, he added.

"We are trying our best to mobilise global resources to enhance the pace of production to meet customer demand during the festival season," Sidana noted.


TAGS
MG Motor

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp