MG Motors Reports 33% Growth In December 2020

MG Motor India has announced that it gathers 5,000 HECTOR and 200 EV bookings in December, the highest figure for 2020. The carmaker has reported retail sales of 4010 units, (including 3430 units of Hector) during December 2020, a growth of 33% against the same month last year. The company also recorded 77% growth in total sales during the year 2020 over last year, despite continuous local supply chain bottlenecks.

The carmaker also announced that it will be taking preventive annual maintenance shutdown at its Halol manufacturing facility in Gujarat during the first 10 days of January 2020, which would affect its production in January. This coupled with lockdown restrictions could hamper supply chain as well.

Commenting on the sales performance, Rakesh Sidana, Director – Sales, MG Motor India, said, “We have ended the year on a high note with customers continuing to choose the best-in-class premium products from MG’s stable. Going forward, we will have more excitement for the customers in January. We expect the momentum to continue as the MG brand enters more markets in 2021.”

The company continues to ramp up the production of the MG GLOSTER and hopes to stabilize the production by March 2021. It has received 3,000 bookings and retailed 1085 units of the GLOSTER in two months. It has retailed over 25,000 units of the MG HECTOR in calendar year 2020, the highest in its segment and 1243 units of ZS EV.