Friday, Apr 19 2024 | Time 05:32 Hrs(IST)
image
Business Economy


MG Motor India retails August sale rises by 41 pc to 2851 units

MG Motor India retails August sale  rises by 41 pc to 2851 units

Mumbai, Sep 1 (UNI) MG Motor India reported a rise of 41 pc in its August 2020 in its retail sales at 2851 units as compared with 2,018 units sold in August 2019.

HECTOR PLUS, the recently launched 6-seater Internet SUV, is witnessing significant traction from the family segment as people begin to travel with easing restrictions. In the New Normal, travelers continue to prefer personal vehicles against other alternatives.,company release said.

The company also saw good traction in the EV segment and with the support of the state government in Delhi and Telangana, it hopes that the category would see a further increase in momentum soon.

Commenting on the overall sales performance in August 2020, Rakesh Sidana, Director – Sales, MG Motor India, said, “We have ramped up the overall production in August compared to July. We are working on fulfilling existing backorders for the HECTOR and prioritizing vehicle deliveries for the ongoing festive season. The recovery in upcountry markets has been faster which should augur well during the festive season.”

The company is also getting ready for the launch of the much-awaited Gloster, India’s First Autonomous (Level 1) Premium SUV, by Diwali this year.

Preparing to serve its customers in the new normal, MG Motor India introduced its new contact-free technology suite ‘Shield+’ to enhance the customer experience. It continues to follow all sanitisation processes at its facilities to ensure the safety of its customers and employees.

The carmaker has also tied up with Medklinn’s Cerafusion sterilisation technology for vehicle cabin sterilisation

UNI JS SB 1244

More News

Bajaj Auto net profit at Rs 1936 cr in Q4; clocks all-time high revenue in FY24

18 Apr 2024 | 6:46 PM

New Delhi, Apr 18 (UNI) Two wheeler auto major Bajaj Auto on Thursday announced 29 percent jump in its revenue in Q4 (January-March) at 11,485 crore, led by the broad based buoyancy that was sustained on the domestic business and aided by steady exports.

see more..

Entering share market can boost growth of SMEs: Infopark event

18 Apr 2024 | 6:31 PM

Kochi, Apr 18 (UNI) Small and marginal companies in Kerala enjoy immense scope for growth by entering the stock market, experts said at an Infopark-organised event here on Thursday.

see more..

18 Apr 2024 | 6:09 PM

New Delhi, Apr 18 (UNI) Angle One, a retail stock broking house in India, today announced 31 per cent jump in net profit at Rs 340 crore during Q4 of the last financial year over Rs 260.3 crore in the previous quarter.

see more..

Microsoft and ByteXL join hands to Present HackXcelerate 2024 at CBIT in Hyderabad

18 Apr 2024 | 5:57 PM

Hyderabad, Apr 18 (UNI) Microsoft, a global technology leader, has joined hands with ByteXL, a pioneering EdTech platform, to present HackXcelerate 2024, a nationwide hackathon aimed at igniting creativity and enhancing problem-solving skills among students.

see more..

Honda Motorcycle & Scooter India inaugurates new Engine Assembly Line for CKD exports

18 Apr 2024 | 5:46 PM

Gurugram, Apr 18 (UNI) Honda Motorcycle & Scooter India (HMSI), one of the country’s leading two-wheeler manufacturers, has announced a significant milestone in its journey.

see more..
image