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.

April 01, 2024
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