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Updated January 1st, 2024 at 12:35 IST

MG Motor India records 18% growth in retail sales

For the month of December 2023, the automotive manufacturer recorded retail sales of 4,400 units, reflecting a 13% surge compared to December, 2023.

Business Desk
MG Motor India
MG Motor India | Image:Unsplash
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MG Motor India announced on Monday that its total retail sales for the year 2023 witnessed an uptick, registering an 18 per cent increase to reach 56,902 units compared to the preceding year. 

For the month of December 2023, the automotive manufacturer recorded retail sales of 4,400 units, reflecting a 13 per cent surge compared to December of the previous year, as indicated in the company's official statement.

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Marking a consistent growth trajectory, MG Motor India highlighted that 2023 marked the fourth consecutive year of expansion for the company. Notably, electric vehicles (EVs) played a pivotal role in the company's sales composition, contributing to approximately 25 per cent of the overall sales volume.

Among its electric vehicle offerings, the company's flagship EV model, ZS, and the Comet variant collectively achieved sales figures of around 20,000 units to date, underscoring the growing consumer preference for electric mobility solutions within the market.

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(With PTI inputs)

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Published January 1st, 2024 at 12:35 IST

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