MG Motor India has announced that it has registered a growth of over 69 percent in the first quarter (Q1) of 2022 over the last quarter of 2021. In March 2022, the brand recorded cumulative sales of 4721 units, witnessing 4.26 percent growth against the previous month (4528 units). However, the sales declined by around 15 percent when compared to the same month of the last year (5528 units).
The carmaker also revealed that its sales were significantly affected by the supply chain constraints due to the ongoing COVID situation and the global semiconductor chip shortage.
| Period | MG Motors Sales |
| Q1 of 2022 | Jan- 4,306 units Feb – 4528 units March – 4721 units |
| Q4 of 2021 | Dec – 2497 units Nov – 2481 units Oct – 2863 units |
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In other news, MG Motors has also recently introduced MG e-Pay, the industry’s first one-stop digital car finance platform for an end-to-end online auto finance journey with instant loan approvals. It offers seamless, customised, and instant financing solutions from a consortium of leading banks such as ICICI, HDFC, Kotak Mahindra Prime, and Axis Bank. The brand is also working with other banks and NBFCs to further expand its portfolio.
Besides, MG also launched the facelifted iteration of the ZS EV last month at a starting price of Rs 22 lakh (ex-showroom). It comes with lots of design changes, new features, and most importantly a bigger battery pack of 50.3kWh over the older 44.5kWh unit. Click here for more details.
