Auto Sales February 2024: MG Motor Grows by 18% MoM in February 2024

MG Motor registered a more than 18 percent month-on-month increase in its sales in February 2024. The carmaker retailed 4,532 units last month, compared to 3,825 in January 2024. With this latest achievement, MG Motor has already registered around 14 percent growth in its overall sales in India in the first two months of 2024. 

It is worth noting that the carmaker's electric vehicles continue to contribute a significant share of its overall sales. Models such as the Comet and ZS EV accounted for approximately 33 percent of the total units sold in February 2024. To maintain this momentum, MG Motor is also working to improve and expand its EV offerings. The company aims to launch five new cars in India by 2028, and the majority of them will be electric vehicles. 

(Also Read: MG ZS EV Receives A New Variant, Comes With Level-2 ADAS)

Moreover, MG is planning to assemble EV batteries at its facility in Gujarat, and is also gearing up to work on potential logistical issues that have popped up due to international events and have disrupted global shipping.