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Ssangyong Motor Posts Highest Ever Monthly Sales in Oct Since 2005

By   |   07 November,2013

Ssangyong Motor, the Korea based automotive manufacturer now owned by the Mahindra group announced that they have sold 14,244 vehicles globally. This is their highest ever sales figure since October, 2005.

A total of 6,202 vehicles were sold domestically and 8,042 vehicles were exported. The sales of Ssangyong Motor in the month of October 2013 increased by 27.1% from the previous year and, on an accumulated basis, by 22.1%. The primary cause for this sales boom has been the Korando C SUV, which in itself contributed to a 14.5% growth in exports.

Also, in order to meet dwindling supply, Ssangyong employees reportedly worked extra shifts and even on weekends to produce a record volume of 14,786 units this year. Commenting on the occasion, Lee Yoo-il, CEO of Ssangyong Motor, said, “We achieved the highest ever monthly sales in October since 2005 as well as profits for two consecutive quarters backed by sales increase. Such sales growth will accelerate as the New Korando C has been receiving an overwhelming response from the global market.” Ssangyong Motor predicts that this sales boom will continue to expand as their new Korando C SUV will be launched in the European and Chinese automotive markets.

In India the Ssangyong Rexton is the only product sold in India with plans to launch more in the coming future.



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