Breaking News

You are here » Indian-Commodity  :  Corporate  :  M&M's Ssangyong Motor reports 11,871 vehicle sales in December 2012


M&M's Ssangyong Motor reports 11,871 vehicle sales in December 2012

Mahindra and Mahindra's (M&M) - Korean subsidiary - Ssangyong Motor has reported total sales of 11,871 vehicles in December 2012 which includes 5,365 vehicles in domestic sales and 6,506 in exports including CKD.  For four consecutive months Ssangyong's sales exceeded 10,000 vehicles with an increase of 37% from the same month last year.

The domestic sales hit a monthly record high, increasing by 21.8% compared to the previous month and 53.2% compared to the same month last year thanks to an upward trend in sales of the Korando series. Exports also showed a steady growth with an increase of 26% as compared to the same month last year. Ssangyong's cumulative sales in 2012 recorded 120,717 vehicles, including 47,700 vehicles in domestic sales and 73,017 in exports with a year-on-year increase of 6.8%, despite a sluggish global economy.

Besides, its cumulative domestic sales recorded the highest growth of 23.4% compared to the last year among the automakers through sales increase of refreshed models such as the Korando C and Korando Sports. Exports were at the same level as last year's highest sales boosted by the Russian market. Exports to the Russian market stood at 32,328 vehicles and this is the first time the company has recorded annual exports of over 30,000 to a single country.

Related News

View all news

Ahluwalia secures new orders worth Rs 220.47 crore

Ahluwalia contracts (India) has secured new orders aggregating to Rs 220.47 crores (Approximately) for Construction of Institutional/Commercial Buildings, including Electrical, Plumbing & Firefighting......

TVS Motor reports 2% fall in September sales

TVS Motor Company has reported 1.68% drop in sales for the month of September 2015, with total sales falling from 236,751 units recorded in the month of September 2014 to 232,775 units in the month of......

Maruti Suzuki unveils limited edition of Swift hatchback 'Glory'

Maruti Suzuki India (MSI) has unveiled 'Glory' a limited edition of the popular Swift hatchback, with some cosmetic updates and additional features.  The Glory will be made available in both petrol......

Top News

View all news

NTPC, Coal India, Biocon and NBCC to see some action today

State-run NTPC will consider selling electricity to Bangladesh from its upcoming 750 MW plant at Kokrajhar in Assam once the neighbouring country finalizes plans to buy power from Palatana project in Tripura.......

Hexaware, HCL Technologies and Kalpataru Power to see some action today

Hexaware Technologies, a leading global provider of IT, BPO and consulting services has entered into partnership with MuleSoft, the company that makes it easy to connect applications, data and devices,......

L&T, NMDC, Tata Motors and Tech Mahindra to see some action today

Domestic manufacturer Larsen and Toubro has emerged as the finalist for a $750-million (about Rs 5,000 crore) contract to supply 100 self-propelled artillery guns to the Indian Army. The Vajra will be......