Financial Performance and Profitability
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FY 2024 Revenue (India): ₹7,990 crore (~$1.0 billion USD), up 4.64% year-over-year
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Sales Volume (India FY24): 56,847 units, a 6.97% increase year-over-year
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MG Motor India reported narrowing net losses, attributed to higher sales volumes and tighter cost controls, including raw material management
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UK Q1 2025 Sales: 24,641 units, marking a 6.5% year-on-year increase compared to Q1 2024
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Market Share (UK Q1 2025): 4.24%, up from 4.18% in 2024, showing steady market share gains
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Strong sales growth expected to continue with new model launches, expanded electrified offerings, and dealership network growth
Vehicle Sales and Production
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MG Windsor achieved its highest-ever monthly sales since launch, leading as India’s top-selling electric vehicle
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MG ZS compact SUV and MG HS mid-size SUV were key drivers in the UK, with the ZS ranking as the ninth best-selling car in UK Q1 2025 and the HS seventh overall
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MG ZS Hybrid+ became the UK’s top-selling hybrid car in early 2025
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Australian market sales expected to reach approximately 60,000 units in 2025 with the brand targeting top-tier market positioning
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New launches include the MG S5 EV, an affordable electric SUV expanding MG’s electric vehicle line-up
Regional and Global Sales Performance
Region | Highlights |
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United Kingdom | Record Q1 2025 with 24,641 new vehicle registrations; 6.5% YoY growth; 4.24% market share |
India | Sales volume growth of nearly 7% in FY24; MG Windsor EV is the highest selling electric vehicle in India |
Australia | Rapid growth from 600 units in 2017 to estimated 60,000 units in 2025; targeting top 3 market position by 2030 |
Other Markets | Expanding presence with electrified and hybrid models supported by growing dealer networks |
Profitability and Cost Factors
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Profitability improving with increased sales volumes and effective cost controls, especially in material sourcing and operational efficiency
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Pricing strategy balances affordability with feature-rich, electrified and hybrid powertrain options
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Investments ongoing in new energy vehicle technology and production capacity expansions
Debt and Liquidity
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No detailed public disclosure of specific debt figures; MG Motor benefits from SAIC’s strong financial backing supporting its global expansion and R&D investments
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Dealer network growth and production scale are expected to enhance liquidity and operational cash flow
Best Selling Models: Overview and Highlights
Model | Highlights |
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MG Windsor | Top-selling electric vehicle in India; record monthly sales |
MG ZS | Popular compact SUV; UK’s ninth best-seller; Hybrid+ top-selling hybrid in the UK |
MG HS | Mid-size SUV; seventh best-seller in UK; favored by families and fleets |
MG S5 EV | Newly launched all-electric SUV targeting first-time EV buyers |
Weakest Performers and Segment Challenges
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Traditional internal combustion engine models face pressure amid accelerating shift to electrification
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Competitive markets require continuous product innovation and cost management
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Supply chain issues and commodity cost fluctuations present ongoing risks
Key Financial and Operational Metrics
Metric | Value / Trend | Notes |
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India FY24 Revenue | ₹7,990 crore (~$1.0 billion USD) | 4.64% growth YoY |
India FY24 Sales Volume | 56,847 units | 6.97% growth YoY |
UK Q1 2025 Vehicle Sales | 24,641 units | 6.5% increase over Q1 2024 |
UK Market Share Q1 2025 | 4.24% | Up from 4.18% in 2024 |
Australia Estimated Sales 2025 | ~60,000 units | Rapid growth since 2017 |
Industry Outlook and Strategic Focus
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MG Motor aims to capitalize on growing electrification demand with expanded EV and hybrid model portfolios internationally
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Focus on improving market shares in established and emerging markets through competitive pricing and expanded dealer networks
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Plans include launching new models such as the seven-seat QS SUV, IM5, and IM6 to diversify offerings
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Continual investment in technology, electrification, and customer experience to support long-term growth and brand positioning
Summary
MG Motor has started 2025 strongly, marked by record sales performance in key markets such as the UK and India, and rapid growth in Australia. The brand’s strategic focus on electrification through popular models like MG Windsor, ZS Hybrid+, and the new S5 EV is driving sales and expanding market presence. With aggressive new model launches and a widening dealer network, MG Motor is well-positioned for continued growth and aims for top-tier market positions in several regions by the end of the decade.
Sources
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JSW MG Motor India FY24 Sales and Financial Report
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MG Motor UK Q1 2025 Sales and Market Share Data
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GoAuto Market Insight on MG Motor Australia 2025
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Statista Market Forecasts for MG Motor Revenue and Growth