Steady and Strong: MG June 2023 Sales Crosses 5k units yet again
MG reports notable sales growth in June 2023, bolstering its position in the market. The numbers reveal a significant increase compared to the previous year, as well as impressive progress within the second quarter of 2023.
MG June 2023 Sales reported a remarkable sales figure of 5,121 units. Signifying a substantial 13.72 percent year-on-year (YoY) growth compared to June 2022. This notable increase demonstrates MG’s ability to captivate the market and attract customers towards its vehicles. Growth signifies a promising trend for the brand, as it continues to expand its customer base.
June 2023 Sales – MG Motor’s Momentum maintains monthly 5k units
Building on its impressive performance in May 2023, MG witnessed a 2.3 percent month-on-month (MoM) growth with sales up from 5,006 units. Current steady momentum reflects the consistent demand for MG vehicles. And the brand’s ability to sustain its market position.
Zooming out to a quarterly perspective, MG achieved a remarkable sales figure of 14,175 units in Q2 2023. This represents 34.76 percent YoY growth compared to the same period in 2022. Q2 2022 sales stood at 10,519 units. Growth demonstrates the brand’s ability to solidify its presence in the competitive automotive landscape.
Q1 and Q2 Powerplay: MG Motor’s Triumph in H1 2023
In Q1 2023, MG demonstrated its resilience and strength in the market. In comparison, the auto manufacturer has reported a slight decline of -1.27% quarter-on-quarter (QoQ), down a tiny bit from a robust sales figure of 14,358 units. Performance in H1 showcases MG’s ability to maintain a steady performance and retain its customer base. Q1 2023 sales also served as a solid foundation for the subsequent sales witnessed in Q2 2023, where MG achieved remarkable year-on-year growth of 34.76. percent. Overall, MG’s performance in Q1 2023 sets precedence to the brand’s ability to navigate market demand, and position itself for future success.
This makes for a compelling end to H1 2023 with MG June 2023 Sales standing tall. The first half of 2022 (H1 2023) marked a significant milestone for MG, as the brand achieved double digit growth. With sales figures of 28,533 units during H1 2022, MG showcased its competitive edge and ability to attract customers. Growth of 18.52 percent between H1 2022 and H1 2023 reflects MG’s consistent expansion and market penetration. The substantial increase in sales stood at 4,459 units, up from 24,074 units in H1 2022.
Unveiling MG Comet: Value for Money with a ticket to the electric car
MG vehicles strike a balance between high-quality offerings and competitive pricing. This affordability factor has been a driving force behind the brand’s success, making it an attractive choice for budget-conscious consumers. And during this quarter, with the MG Comet launch, the brand is now accessible to folks at a sub 10 lakh price tag.
With impressive growth rates and a compelling product portfolio, MG is well-positioned to continue its upward trajectory in the automotive market. The brand’s commitment to innovation, affordability, and quality are well suited to serve as pillars for future success, allowing MG to capture an even larger market share.
