MG Motors, a British automobile brand with a 99-year-old legacy, has been making waves in the Indian market with its innovative and futuristic products. The company has been offering a range of vehicles, such as the Comet EV, the ZS EV, the Astor, the Hector and the Gloster, that cater to the diverse needs and preferences of the Indian customers. In this blog post, we will take a look at some of the key highlights of MG Motors Car Sales Report India – June 2023.
MG Motors Car Sales Report India – June 2023
According to various media reports, MG Motor India sold 5,125 units in June 2023, an increase of 14% over the same period last year, where the company sold 4,504 units. Retail sales increased 40% over time and 14% YoY in June 2022.
MG Motor India maintained its sales momentum from January to June in CY 2023 by selling a total of 28,489 units, surpassing the figures of 21,359 units sold in the same period last year thus resulting in a growth of 33%. Furthermore, the company’s solid performance also reflected in the sales achieved in the first quarter of the current Financial Year (FY) with a 5.92% increase by selling 14,358 units compared to 13,555 units in the corresponding period of the previous year.
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The table below shows the breakdown of MG Motors’ sales by model in India in June 2023.
According to a press release by MG Motor UK³, MG Motor UK reported June sales of 4,108 vehicles in UK, an increase of 28.1% on a volume basis and up 23.6% on a daily selling rate (DSR) basis versus June 2020.
For the first half of the year MG Motor UK reported sales of nearly 25,000 vehicles up more than half from last year’s pandemic impacted results.
MG Motor UK sold 3,891 vehicles in June, up 29.6% volume and DSR.
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The table below shows some of the top-selling models for MG Motors globally in June 2023.
MG Motors has shown impressive sales growth in June 2023 both in India and globally. The company has leveraged its new models as well as its existing products to cater to the diverse needs and preferences of its customers. MG Motors has also demonstrated its commitment to innovation and sustainability by offering electric and hybrid vehicles across its portfolio. With these factors and more, MG Motors is poised to become a major player in the global automotive market.