Ssangyong Motor, the South Korean auto maker and subsidiary of the $ 15.9 billion Mahindra Group, has reported that its April 2013 sales figures are the highest since December 2006. The company managed to sell a total of 12,607 units in April this year, of which 5,115 units were sold in South Korea and sales of 7,492 units came from exports, including Completely Knocked Down (CKD) units. The announcement came in Mumbai on May 14, 2013.
As per reports, Ssangyong Motor has recorded sales of 31,265 units between the January and March months of 2013. Further, sales of 13,293 units came from the domestic market, while some 17,972 units were exported (including CKD units). The company saw strong growth in the South Korean market for four consecutive months, mostly due to the increased demand for its Korando models.
Expressing his mind on the April 2013 sales registered by the company, Dr. Pawan Goenka, President, Automotive Division and Farm Equipment Sector (FES), at Mahindra & Mahindra Limited, was quoted as saying, “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.”
In April 2013, Ssangyong Motor's domestic and exports sales grew by 20 per cent, as compared to the year-ago period. The company's total sales grew by 25.9 per cent year-on-year, while cumulative sales surged up by 20.4 per cent. The South Korean auto maker's exports increased by 24.7 per cent and the numbers stood in excess of 7,000 units. During the global recession, Ssangyong's sales figures grew in Central and South America, along with Russia on the back of demand for its Korando C model. The Korando series is selling in big numbers and includes Korando Sports, Korando C and Korando Turismo models.