Net Zero Summit

MG Motor India retails 2863 units in October, 600 bookings for ZS EV

MG Motor India has sold 2863 units in October 2021.Amid the acute shortage of semiconductor chips worldwide, the carmaker has limited stocks at its dealerships currently. Nevertheless, MG continues to record increased inquiries for all its cars lines.

With an added momentum in demand due to the festival season, the momentum continues as MG has received more than 4,000 bookings for Hector and more than 600 bookings for ZS EV and Gloster in October. The company in a statement said that newly launched Astor has also received positive feedback from the customers and was sold out for 2021 within 20 minutes of opening the bookings. The deliveries for the first batch of Astor will begin from first week of November. Bookings are now open for Astor delivery in 2022.

The global chip shortage has hampered production resulting in lower sales. The challenge to ensure timely deliveries is likely to persist through November and December and we expect this to get better in Q1 next year.