Ad
Ad
MG Motor India roars with 18.39% FY23 sales growth, reaching 56,902 units, fueled by electric vehicle triumph and sustained market presence.
In a remarkable feat, MG Motor India has achieved stellar sales figures for the fiscal year 2023, surpassing expectations and marking its fourth consecutive year of growth. The company's annual sales reached an impressive 56,902 units, reflecting an exceptional 18.39 percent growth compared to the previous year. The sales in 2023 is up by 8,839 units from the 48,063 units sold in 2022.
MG | Annual Sales of 2023 | Annual Sales of 2022 | Difference | Growth % |
Sales | 56,902 | 48,063 | 8,839 | 18.39 % |
In December 2023 alone, MG reported robust sales of 4,400 units, showcasing a 12.85 percent increase compared to the same month in 2022. Equates to 501 units more sold YoY. The positive momentum continued from November 2023, with a 5.92 percent month-on-month increase the sales were up by 246 units from the 4,154 units.
YoY Growth
Brand | Dec'22 Sales | Dec'23 Sales | Difference | Growth |
MG | 3,899 | 4,400 | 501 | 12.85% |
MOM Growth
Brand | Nov’23 Sales | Dec'23 Sales | Difference | Growth |
MG | 4,154 | 4,400 | 246 | 5.92% |
MG Motor's notable presence in the electric vehicle (EV) segment is evident as EV models contributed to 25 percent of the total sales. This achievement solidifies MG's position as the second-largest EV seller in India. The MG ZS and MG Comet, as flagship electric models, have garnered exceptional responses, contributing significantly to the 20,000 units sold to date.
The growth trend continued in December 2023, with a remarkable 13 percent year-on-year increase in retail sales. MG reported sales of 4,400 units in December 2023, compared to 3,899 units in the same month the previous year. This positive performance aligns with broader industry trends, underlining MG's sustained and robust presence in the market.
Also Read: With Over 43,000 Units Sold, Tata Again Overtakes Hyundai to Become India’s 2nd Biggest Car Maker
The steady and notable growth in MG Motor India's sales reinforces its position as a prominent player in the automotive industry. As the company continues to evolve, the impressive figures and positive market responses in FY 2023 position MG Motor India as a pioneering force. The staggering success achieved in the fiscal year 2023 solidifies MG's status as an outstanding and formidable player, contributing significantly to the overall growth and development perspective the company has planned.
Ad
Ad
Ducati Hypermotard 950 RVE Introduces New Graffiti Evo Color Option
Ducati unveils the Hypermotard 950 RVE in India with the vibrant Graffiti Evo color, accentuating its youthful appeal. Packed with advanced features and a powerful engine, it promises an exciting ride.
26-Apr-2024 11:52 AM
Read Full NewsDucati Hypermotard 950 RVE Introduces New Graffiti Evo Color Option
Ducati unveils the Hypermotard 950 RVE in India with the vibrant Graffiti Evo color, accentuating its youthful appeal. Packed with advanced features and a powerful engine, it promises an exciting ride.
26-Apr-2024 11:52 AM
Read Full NewsToyota India Enters into Car Care Market With T-Gloss; Plans to Rival 3M; Check Details
Toyota Kirloskar Motors plans to pioneer car care services in India with T-Gloss. Offering comprehensive detailing, protection, and customization options, T-Gloss enhances vehicle aesthetics and longevity. Available at all authorized Toyota dealerships, it reflects Toyota's commitment to customer satisfaction and quality maintenance. With trained professionals and tailored solutions, Toyota sets a new standard in car care services, ensuring a seamless ownership experience for customers.
26-Apr-2024 11:45 AM
Read Full NewsToyota India Enters into Car Care Market With T-Gloss; Plans to Rival 3M; Check Details
Toyota Kirloskar Motors plans to pioneer car care services in India with T-Gloss. Offering comprehensive detailing, protection, and customization options, T-Gloss enhances vehicle aesthetics and longevity. Available at all authorized Toyota dealerships, it reflects Toyota's commitment to customer satisfaction and quality maintenance. With trained professionals and tailored solutions, Toyota sets a new standard in car care services, ensuring a seamless ownership experience for customers.
26-Apr-2024 11:45 AM
Read Full NewsVolkswagen Tayron Breaks Cover At Beijing Motor Show, India Debut Expected in 2024; Details
The VW Tayron, unveiled at the 2024 Beijing Motor Show, is set to captivate both Chinese and Indian markets. Sporting a dynamic design language with blacked-out elements and a powerful 2.0-litre turbo-petrol engine, it promises an exhilarating driving experience. With its impending launch in India in 2025, it's poised to challenge the likes of the Jeep Meridian and Skoda Kodiaq, igniting fierce competition in the SUV segment.
26-Apr-2024 09:39 AM
Read Full NewsVolkswagen Tayron Breaks Cover At Beijing Motor Show, India Debut Expected in 2024; Details
The VW Tayron, unveiled at the 2024 Beijing Motor Show, is set to captivate both Chinese and Indian markets. Sporting a dynamic design language with blacked-out elements and a powerful 2.0-litre turbo-petrol engine, it promises an exhilarating driving experience. With its impending launch in India in 2025, it's poised to challenge the likes of the Jeep Meridian and Skoda Kodiaq, igniting fierce competition in the SUV segment.
26-Apr-2024 09:39 AM
Read Full NewsAffordable Bajaj Chetak e-scooter Images Leaked Ahead of Launch
Bajaj Auto gears up to unveil a new budget-friendly variant of its Chetak e-scooter, featuring strategic changes like steel wheels and a monochrome display.
26-Apr-2024 07:03 AM
Read Full NewsAffordable Bajaj Chetak e-scooter Images Leaked Ahead of Launch
Bajaj Auto gears up to unveil a new budget-friendly variant of its Chetak e-scooter, featuring strategic changes like steel wheels and a monochrome display.
26-Apr-2024 07:03 AM
Read Full NewsCritical Flaws Highlighted in Xiaomi SU7: 8 Reasons for Concern
Uncover the vulnerabilities in Xiaomi SU7 and understand the 8 reasons for concern. Keep your device secure with essential insights.
26-Apr-2024 06:57 AM
Read Full NewsCritical Flaws Highlighted in Xiaomi SU7: 8 Reasons for Concern
Uncover the vulnerabilities in Xiaomi SU7 and understand the 8 reasons for concern. Keep your device secure with essential insights.
26-Apr-2024 06:57 AM
Read Full NewsMade-in-India Kawasaki Versys-X 300 to Enter Markets by Year-End
Made-in-India Kawasaki Versys-X 300 is set to debut by year-end, intensifying competition in adventure-touring. With robust performance and safety features.
26-Apr-2024 05:46 AM
Read Full NewsMade-in-India Kawasaki Versys-X 300 to Enter Markets by Year-End
Made-in-India Kawasaki Versys-X 300 is set to debut by year-end, intensifying competition in adventure-touring. With robust performance and safety features.
26-Apr-2024 05:46 AM
Read Full NewsAd
Ad
BMW i5
₹ 1.19 Cr
Jeep Wrangler facelift
₹ 67.65 - 71.65 Lakh
Aston Martin Vantage
₹ 3.99 Cr
Ferrari Purosangue SUV
₹ 10.50 Cr
Mahindra Bolero Neo Plus
₹ 11.39 - 12.49 Lakh
Toyota bZ4x
₹ 70.00 Lakh
MG 4
₹ 15.00 - 21.00 Lakh
Mercedes-Benz GLC Coupe 2024
₹ 65.00 Lakh
Audi Q8 2024
₹ 1.17 Cr
Nissan X-Trail
₹ 26.00 - 32.00 Lakh
Ad
Ad
Ad