Latest News | MG Motor India Reports 28 Pc Rise in Retail Sales in Sept
Get latest articles and stories on Latest News at LatestLY. MG Motor India on Friday reported 28 per cent increase in retail sales at 3,241 units in September 2021 despite facing production challenges due to semiconductor shortage.
New Delhi, Oct 1 (PTI) MG Motor India on Friday reported 28 per cent increase in retail sales at 3,241 units in September 2021 despite facing production challenges due to semiconductor shortage.
The company had retailed 2,537 units in the same month last year, MG Motor India said in a statement.
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In September, the company's electric SUV ZS EV witnessed higher demand 600-plus bookings, it added.
Commenting on the sales performance, MG Motor India Director-Sales Rakesh Sidana said, "Our production has reduced by almost one-third due to chip shortage. We expect this challenge to continue for the next few months."
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However, he said, "Given the high number of bookings, we are trying our best to address the challenge and bring down the waiting period down to three months."
With the festival season around, MG Motor India said it is getting ready to launch its mid-size SUV, MG Astor later this month.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)