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MG Motor sells 108 Hectors to Orix India in one day

MG Motor sells 108 Hectors to Orix India in one day
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MG Motor to invest Rs 2,500 crore by 2022-end to ramp up Halol plant capacity

"We have done an investment of Rs 3,000 crore already, and by the end of next year, we will do another Rs 2,500 crore. We will reach a total of Rs 5,500 crore," MG Motor India President and Managing Director Rajeev Chaba told PTI. ....

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PV sales: Surge in COVID-19 cases to hit passenger vehicle sales, 11% drop on the cards in April


Synopsis
Retail sales will see a more sharper fall this month at 1.5-1.8 lakh units. This is not even 55 per cent of the sales reported in March 2021, says Vinkesh Gulati, president of the Federation of Dealers Association.
ThinkStock Photos
Passenger vehicle sales are expected to fall by 11% in April at 2.85 lakh units compared to March 2021, as the surge in Covid 19 cases has put a brake on sales that were witnessing an upward spike until 2-3 weeks ago.
While that expectation has taken a hit, industry experts hope for a quick turnaround when the pandemic situation improves, as was seen after the first wave last year. ....

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MG Motor launches 'refreshed' Hector SUV at Rs 12.9 lakh; adds 7-seater version


MG Motor launches refreshed Hector SUV at Rs 12.9 lakh; adds 7-seater version
Refreshed version comes with two-engine options 1.5 litre turbocharged petrol and a 2-litre turbocharged diesel engine. Petrol version is offered with both manual and automatic transmissions while diesel version comes only with a manual gearbox
Sumant Banerji | January 7, 2021 | Updated 14:56 IST
The 7-seater version comes in 6 variants-two petrol and four diesel
Chinese carmaker MG Motor India on Thursday refreshed its five-seater midsize SUV Hector while also adding a seven-seater version of the car. It had launched a six-seater version too last year. MG, which is owned by China s largest carmaker SAIC, had entered the Indian market with a bang in 2019 with the Hector receiving instant success. More than 40,000 units of the car have been sold in India so far. ....

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