MG Motor India Year-on-Year Sales Dip 23% in March

MG has announced its sales figures for March 2024. It sold 4,648 units last month, down 23% year-on-year from 6,051 units delivered in March 2023. Compared to February 2024, when 4,532 vehicles were sold, the company's MoM sales grew by 2.5%. In FY 2023–2024, the carmaker's sales increased by almost 14% year-on-year. However, the exact sales numbers remain unknown.

Looking back at February 2024 sales, MG sold 4,532 units, which was an increase of 8% over the same month the previous year. MoM-wise, the automaker saw a substantial 18% increase. According to the firm, electric cars made up 33% of total sales during that period, indicating increased customer interest in this market segment. Let's take a closer look at other developments of the firm. 

MG Cyberster Electric Sportscar Made its India Debut

The MG Cyberster electric roadster made its debut in India last month. After being showcased as a concept in 2021, the EV debuted in a production avatar at Auto Shanghai in April 2023. The few notable design elements of MG's electric sportscar include a streamlined snout, sweptback headlights, electronically controlled scissor doors, diamond-cut alloy wheels, and arrow-shaped taillights. The Cyberster, equipped with a 77kWh battery and two electric motors—one on each axle—generates 528bhp and 725Nm. The power is distributed to all four wheels. It can accelerate 0 to 100km/in 3.2 seconds and offer a maximum range of 580 kilometres on a single charge. There is also an affordable version with rear-wheel drive and a single-motor setup. It has a smaller 64kWh battery, which delivers a maximum power of 308bhp and a range of 520 kilometres.

Some Other Highlights 

In addition to this massive development, the company trademarked the moniker 'Excelor EV' in India. While there has been no formal announcement, the carmaker's upcoming EV for our market may receive this name. The company currently offers two electric vehicles: the Comet and the ZS EV. In the last two years, MG has only introduced one new model, which is the Comet. However, the company's growth in India is expected to grow faster with the acquisition of a 35% share by the prominent group JSW.