MG Motor India Reports 40% Rise In Sales In July 2020 YoY
MG Motor India has announced that it has recorded a 40% increase in retail sales for the month of July 2020 at 2,105units, as compared to July 2019. The company had sold 1,508 units in July 2019.
Commenting on the overall sales performance in July 2020, Rakesh Sidana, Director – Sales, MG Motor India, said, “The overall market environment continues to be challenging with uncertainties due to variable lockdowns in various phases. The component supplies continue to remain impacted especially from the Chennai region. However, despite these challenges, our production has remained at similar levels in July as compared to June 2020 and we expect the situation to improve during the festival season.”
MG Motor India and Vadodara-based MAX Ventilators have manufactured over 300 ventilators at the latter's manufacturing plant in Vadodara during July 2020. This represents over 10-fold growth since April when the two companies joined hands to boost the production of ventilators, the company said.
