In terms of retail sales, MG Motor India has grown to be a prominent player in the Indian automotive industry middle order. Retail sales report for October 2023 yet again tops the 5k unit sales mark during the Centenary celebrations of the brand.
MG October 2023 Sales tops 5,108 Units
October has always been significant for the Indian auto industry, given the increased number of footfalls during the festive season. MG’s robust performance and the growing prominence of electric vehicles (EVs) outlines the auto manufacturers long-term brand goals.
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Festive Sales Season Boosts MG October 2023 Sales In October 2023, MG reported retail sales of 5,108 vehicles, a substantial YoY growth of 16.97 percent.
| MG Motors | Sales | Oct 23 vs | Diff | % Growth |
| Oct-23 | 5,108 | Oct-22 | 741 | 16.97 |
| Oct-22 | 4,367 | Sep-23 | 105 | 2.1 |
| Sep-23 | 5,003 |
Comparing these figures with October 2022, sales surged by 741 units, underlining the brand’s sustained growth. YoY sales are up from 4,367 units. This indicates a positive trajectory, and showcases MG’s commitment to becoming a thriving player in the EV market. Festive sales season plays a pivotal role in driving the sales figures, with customers taking advantage of attractive customer offers and incentives.
These customer incentives contributed to a 2.10 percent MoM growth compared to September 2023, indicating the effectiveness of these offers. MoM volume growth stood at 105 units, up from 5,003 units.
