New Delhi: The automaker, which sells models like Hector and Gloster in the domestic market, expects the industry to post a growth of about 20 per cent in 2021 calendar year as compared with last year.
MG Motor India expects sales to recover gradually over the next few months with various states removing restrictions on business activities due to improvement in COVID situation, as per a top company official.
The automaker, which sells models like Hector and Gloster in the domestic market, expects the industry to post a growth of about 20 per cent in 2021 calendar year as compared with last year.
As for itself, the company expects the growth to be much better than the industry’s despite supply chain challenges and increase in input costs.
“As an industry, we were expecting 30-40 per cent sales growth this year taking us closer to 2018 numbers. But nobody had anticipated the second wave at that time. Now with what has happened, it would not be possible to get 30-40 per cent growth. There would be a growth over last year but now we expect it to be around 20 per cent,” MG Motor India President and MD Rajeev Chaba told PTI in an interaction.
He noted that things were now getting better in terms of sales and production of cars.
