The Ministry of Corporate Affairs has summoned the company's directors and its auditor Deloitte to explain certain alleged audit deficiencies
In a statement, MG Motor India said it continues to work towards augmenting supplies and meeting customer demand persistently although production continues to be affected by the challenges of supply-chain constraints
The partnership is in line with Jio-bp and MG Motor's commitment to provide vast and reliable charging infrastructure to electric car customers and accelerating EV adoption in India
However, according to a report, the Ministry of Corporate Affairs has asked the company to explain irregularities and audit deficiencies of its financial records with its directors and auditor being summoned
The company had clocked retail sales of 3,558 units in the same month last year
The company, which started selling its vehicles in India with the launch of the Hector SUV in June 2019, currently has a portfolio including the electric SUV, ZS EV, premium SUV Gloster, and compact SUV Astor.
The company, which has been impacted by acute supply chain constraints, is looking to close the current year with sales of around 55,000-56,000 units