• Ssangyong Motor's sales exceeded 10,000 vehicles for four consecutive months, keeping an upward trend with a year-on-year increase of 37%.
  • The total sales in 2012 increased by 6.8% to 120,717 vehicles compared to last year, posting the highest growth in domestic sales among the automakers.
  • Russia is the first single country for the company to record an annual export of over 30,000 vehicles, which is a 26.7% year-on-year increase to 32,328 vehicles. 


Ssangyong Motor (CEO Lee Yoo-il; www.smotor.com), part of the US$15.9 billion Mahindra Group, announced on Jan. 2, 2013 that the company recorded total sales of 11,871 vehicles in December 2012 - 5,365 vehicles in domestic sales and 6,506 in exports including CKD.

Ssangyong's sales exceeded 10,000 vehicles for four consecutive months 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.

Despite a sluggish global economy, 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%.

Especially, 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.

Lee Yoo-il, CEO of Ssangyong Motor, commented, "It is a very meaningful accomplishment that the company achieved the highest growth among the domestic and imported automakers despite a sluggish global economy," adding, "We will further increase our global sales through differentiated marketing strategy and reinforced export product line up, continuously."



About The Mahindra Group

The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.

A USD 15.9 billion multinational group based in Mumbai, India, Mahindra employs more than 155,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheeler industries.

In 2012, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world.

www.mahindra.com

For further enquiries

Roma Balwani                                         

Senior Vice President - Group Communications

Mahindra & Mahindra Ltd.                                           

Phone: +91 22 2490 1441                                             

Email: balwani.roma@mahindra.com


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