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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 (05-Jan-2013)

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.


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