JSW MG Motor India Sees Decline in Sales, But NEVs Shine

JSW MG Motor India reported a 9% year-on-year decline in retail sales for June, tallying 4,644 units compared to 5,125 units the previous year. Despite the decline, the company's flagship SUV, ZS EV, recorded its highest-ever monthly sales with NEVs contributing significantly to overall sales.

JSW MG Motor India experienced a setback in June retail sales, posting a 9% year-on-year decline. The company sold 4,644 units, down from 5,125 in June 2023.

However, the flagship SUV ZS EV reached a milestone with its highest-ever monthly sales in June 2024. NEVs, or new energy vehicles, significantly bolstered the company's performance, making up over 40% of total sales with 1,861 units sold.

The automaker's strategic focus on NEVs appears to be paying off amid the broader decline.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)