MG Motor India's retail sales increase by 40% to 2,105 units in July1 min read . Updated: 01 Aug 2020, 01:29 PM IST
- MG Motor India has said that it expects the market situation to improve during the festive season.
MG Motor India on Saturday said its retail sales increased by 40 per cent to 2,105 units in July compared to 1,508 units in the same month of last year.
"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," MG Motor India Director-Sales Rakesh Sidana said in a statement.
However, despite these challenges, the production has remained at similar levels in July as compared to June 2020 and the company expects the situation to improve during the festival season, he added.
The company said it is witnessing encouraging traction for top trims of Hector Plus that was launched last month.
This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.