MG Motor retail sales dip 11 pc in August on supply chain woes

0
Hit by supply chain issues, MG Motor India reported a decline in retail sales for August. Production challenges saw the automaker drop 11% in sales.

The company retailed 3,823 units last month as compared to 4,315 units in August 2021.

“The volatility in supply chains continues to cause many production challenges, however, this is expected to improve from next month onwards,” the automaker said in a statement.

The company continues to have a string order book and a positive outlook and has proactively undertaken multiple initatives to meet demand.

The launch of the new version of

, with significant safety, style, and technology enhancements, is expected to double the sales of the model line up and the next-gen Hector, slated for a year-end launch, is expected to add to the growing momentum, MG Motor India stated.

With inputs from PTI

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Automobiles News Click Here 

Read original article here

Denial of responsibility! Rapidtelecast.com is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
Leave a comment