Govt may recommend probe into financial records of MG Motor, Vivo
India’s action further intensifies the scrutiny of Chinese companies operating in the country.
MG Motor India on Friday posted a growth of 33 per cent in its sales to 4,010 units in December, 2020. The company had sold 3,021 units in the same month in 2019.
MG Motor India Director Sales Rakesh Sidana said, “We have ended the year on a high note with customers continuing to choose the best-in-class premium products from MG’s stable. Going forward, we will have more excitement for the customers in January. We expect the momentum to continue as the MG brand enters more markets in 2021.”
The company sold 3,430 units of Hector. 458 units of Gloster and 122 units of ZS electric vehicles last month.
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The carmaker said it will be taking preventive annual maintenance shutdown at its Halol manufacturing facility in Gujarat during the first 10 days of January, which would affect its production during the month.
This coupled with lockdown restrictions could hamper supply chain as well, the automaker noted. The company said it continues to ramp up the production of its premium SUV Gloster and hopes to stabilise the production by March 2021.
The company is set to have busy weeks in the coming times as it has already received 3,000 bookings and retailed 1,085 units of the Gloster in two months.
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