Mahindra and Mahindra’s (M&M) South Korean subsidiary SsangYong Motor has sold a total of 12,078 units in May 2014 - 5,271 units in domestic sales and 6,807 in exports including CKD kits. Its sales in May decreased by 5.10% year-on-year due to reduced working days, but the company’s cumulative sales for the first five months showed a continuous uptrend with an increase of 10.20% compared to the same period last year thanks to its main models including the New Korando C. Domestic sales for the first five months grew by 18.6% over the same period last year.
The company’s exports in May dropped by 8.8% from a year earlier due to reduced working days and priority on domestic supply, but its cumulative exports from January to May grew by 4.2% compared to the same period last year backed by sales growth to the Western European market and Chinese markets.
Mahindra & Mahindra (M&M) is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.
| Company Name | CMP |
|---|---|
| Tata MotorsPassenger | 347.15 |
| Maruti Suzuki | 13514.00 |
| Mahindra & Mahindra | 3264.30 |
| Hyundai Motor India | 1907.90 |
| Mercury Metals | 30.82 |
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