MG Motor India reports 28% rise in retail sales in September
Commenting on the sales performance, MG Motor India Director-Sales Rakesh Sidana said, "Our production has reduced by almost one-third due to chip shortage. We expect this challenge to continue for the next few months."
The company had retailed 2,537 units in the same month last year, MG Motor India said in a statement.
In September, the company's electric SUV ZS EV witnessed higher demand 600-plus bookings, it added.
Commenting on the sales performance, MG Motor India Director-Sales Rakesh Sidana said, "Our production has reduced by almost one-third due to chip shortage. We expect this challenge to continue for the next few months."
However, he said, "Given the high number of bookings, we are trying our best to address the challenge and bring down the waiting period down to three months."
With the festival season around, MG Motor India said it is getting ready to launch its mid-size SUV, MG Astor later this month.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.