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MG India reports 14% YoY growth in FY24, but March sales drop 23% compared to last year.
MG India reported a 14% YoY growth in FY24, driven by retail sales of 4,648 units in March.
However, the company experienced a decline in March sales compared to March 2023, with sales dropping 23% to 4,648 units.
MG Motor attributed the moderation in automobile industry growth to a delayed festive season and other factors, but expects a gradual positive uptick in sales in the upcoming months.
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MG India informa un crecimiento interanual del 14% en el año fiscal 24, pero las ventas de marzo caen un 23% en comparación con el año pasado.