January 1, 2024Business Desk

MG Motor India records 18% growth in retail sales

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.

Source: Unsplash

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.

Source: Unsplash

Marking a consistent growth trajectory, MG Motor India highlighted that 2023 marked the fourth consecutive year of expansion for the company.

Source: Unsplash

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.

Source: Unsplash