MG Motor expecting 70-80% growth in India in 2023: MD Rajeev Chaba

MG Motor India is expecting to sell about 80,000-100,000 units, marking a growth of about 70-80 per cent, in 2023 due to the introduction of a new electric vehicle (EV) priced between Rs 10-15 lakh, improved semiconductor chip supply and high demand for existing products, said its President and Managing Director Rajeev Chaba on Wednesday.

MG Motor India increased its sales from about 40,000 units in 2021 to about 50,000 units in 2022. "In 2022, the growth was stifled due to the shortages of chips. This year, we are hoping that our supply should improve from the chips' perspective. Also,