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MG Motor's Hector crosses 50,000 bookings in India

BRITISH carmaker MG Motor’s Hector has notched up 50,000 bookings in eight months since its launch in India.

MG Motor, which has already rolled out 20,000 units, will be launching a six-seater version of the SUV. Betting big on India’s SUV segment, it has also introduced the ZS EV in the country.


MG Motor India Chief Commercial Officer Gaurav Gupta said, “The Hector continues its strong momentum in the Indian market crossing the 50,000-mark in terms of bookings received in just eight months since its launch.

“With plans to launch the Hector Plus 6-seater family version in Q3 2020 (third quarter of 2020), we aim to further strengthen the Hector brand in India.”

MG Motor India, which has 200 centres across India, is set to add another 50 by April.

The company recently unveiled its new SUV MG Gloster at the Auto Expo 2020 to compete against Toyota Fortuner and Ford Endeavour.

The Gloster, which will be powered by a two-litre twin turbo diesel engine, is expected to hit the market by Diwali.

This year, of 23 new passenger vehicle launches in India, 14 will be SUVs.

In 2018-19, the total SUV market was estimated at 7.85 lakh units. Of this, entry-level SUVs accounted for about 3.78 lakh units, while mid-SUVs’ volumes stood at about 3.6 lakh units.

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Asda sales plunge, chair blames government of low confidence

The supermarket struggled with technology issues during a lengthy effort to separate IT systems from former owner Walmart.

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Asda reports sharp sales fall, chair blames government for 'killing consumer confidence'

Highlights

  • Asda sales fall 3.8 per cent to £5.1 bn in three months to September, with comparable store sales down 2.8 per cent.
  • Chair Allan Leighton blames IT system problems from separating technology from former owner Walmart.
  • Leighton criticises government for hampering business investment and depressing consumer sentiment.
Asda has reported a sharp sales decline while criticising the government for "killing confidence" among consumers, though its chair admitted "self-inflicted" technology problems had set back turnaround plans by six months.

Total sales at Britain's third-largest supermarket fell 3.8 per cent to £5.1 bn in the three months ending September compared with the same period last year, reversing 0.2 per cent growth from the previous quarter. Comparable store sales dropped 2.8 per cent.

Chair Allan Leighton, who returned last year to revive the business for a second time, told the guardian that the fall in sales and market share was "totally self-inflicted." The supermarket struggled with technology issues during a lengthy effort to separate IT systems from former owner Walmart.

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