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MG Motor India posts 43 per cent rise in retail gross sales in 2021

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MG Motor India on Saturday reported 43 per cent enhance in retail gross sales in 2021 at 40,273 models. The corporate had bought 28,162 models in 2020.

The corporate’s gross sales final 12 months have been primarily pushed by its Hector SUV which clocked 31,509 models, adopted by Gloster SUV at 3,823 models, ZS EV 2,798 models and Astor SUV 2,143 models, MG Motor stated in an announcement.

Commenting on the efficiency, MG Motor India President and Managing Director Rajeev Chaba stated, “The 12 months 2021 was a difficult 12 months for your entire auto trade.”

On the outlook, he stated, “We foresee the state of affairs will stay fluidic because of unpredictable components – Omicron risk, international semiconductor scarcity and inflation danger because of enhance in materials price. Nonetheless, resilient demand developments give us a purpose to imagine cautious optimism.”

Stating that the uncertainty could proceed for the primary six months of 2022 and can persist in some kind all year long, Chaba stated, “MG Motor will continuously be monitoring these components and aligning its’ operations to fulfill the demand.”

MG Motor India stated it has closed 2021 with a major order backlog and is making an attempt to fulfill the rising demand.

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