Mg Motor July Sales: MG Motor India posts 5 pc decline in retail sales in July

MG Motor India reported a 5 percent drop in retail sales on Monday to 4,013 units in July as production was impacted by supply chain restrictions. The company had recorded retail sales of 4,225 units in the same month last year.

In a statement, MG Motor India said it continues to work on increasing inventories and persistently meeting customer demand, although production continues to be impacted by the challenges of supply chain constraints.

It is gearing up to launch the new version of its Hector SUV by the end of 2022, but the existing model will also continue to be sold, the company added.

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