New Delhi, Apr 1 (PTI) MG Motor India on Friday reported a 14.5 per cent decline in retail sales in March at 4,721 units, hit by supply chain constraints due to the new COVID-19 variant and the ongoing global semiconductor chip shortage.

The company had retailed 5,528 units in March last year.

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Sales in March this year was "immensely impacted by the supply chain constraints due to the new COVID-19 variant and the ongoing global semiconductor chip shortage," MG Motor India said in a statement.

The company, however, said it continues to witness positive momentum in enquiries and bookings across its product portfolio, including Astor, Hector, Gloster, and the all new ZS EV, which has registered 1,500 bookings just within March.

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The carmaker is continuously accessing and aligning its production, subject to the volatility of supply constraints existing worldwide, it added.

(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)