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SsangYong posts record sales

autos Updated: May 16, 2013 13:02 IST
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The Mahindra Group-owned SsangYong Motor has announced that it has sold 12,607 vehicles in April 2013 – 5,115 vehicles in the South Korean market and 7,492 in exports, including CKD kits.

These figures are the company’s highest ever monthly sales since December 2006; also, they exceed the average monthly sales during January to March 2013, when the company recorded the highest growth rate in the South Korean auto industry.
During January to March 2013, SsangYong sold 31,265 vehicles (13,293 vehicles in the domestic market and 17,972 in exports including CKD). Commenting on the results, Dr Pawan Goenka, President, Automotive and Farm Equipment Sector, Mahindra & Mahindra, said: "This performance shows that the turnaround of SsangYong continues at a brisk pace. Our new and refreshed models are increasingly popular in the Korean and export markets." SsangYong’s sales in South Korea have shown an upward trend for four consecutive months, thanks to increased demand for the Korando series. On the export front, the carmaker registered an increase of 24.7 percent in April 2013 due to a sales upswing in overseas markets such as Central and South America and increased sales of the Korando C in the Russian market.