MG Motor India sales up by 21% in H1 2023

MG Motor on Thursday announced that it has sold over 29,000 vehicles during the first half of 2023 in India. The brand registered a 21 per cent growth of over 24,000 units sold during the same period a year earlier. The launch of the Next-Gen variant of India’s first internet SUV-MG Hector in January, and demand for the company’s flagship EV-ZS, contributed significantly to the growth. The brand also registered its highest-ever retail sales of 6051 units in March 2023.

MG Motor sold 1,15,000 vehicles in the European market alone, a 143 per cent year-on-year increase, while MG's NEVs accounted for over 50 per cent of its total sales in the January-June period. MG's products and services are available in 28 European countries with more than 830 outlets throughout Europe. Monthly deliveries of MG in Europe have exceeded 20,000 units in a row for four consecutive months.

MG Motor recently announced its 5-year business roadmap to strengthen the business operations for sustainable growth and meaningful impact on the society in India.

Earlier, MG Motor India said that it is expecting 30 per cent of its sales to accrue from the electric vehicle segment this year as it gears up to introduce its second offering in the vertical next month.

The company, which currently sells ZS EV in the country, has unveiled a two-door electric vehicle 'Comet' which it plans to introduce in phase wise manner across the country starting next month.

"This year we expect that 30 per cent of our sales -- 80,000 or 90,000 units -- should come from the two electric models," President and Managing Director Rajeev Chaba had said.

Comet comes with a 17.3 KWH li-ion battery and can be fully charged in around 7 hours. It comes with automatic transmission, front two airbags and reverse parking camera among various other features.

MG Motor is a wholly-owned arm of China's SAIC Motor Corp.