M&M’s arm SsangYong Motor sells 12,784 Units in July 2016

Mahindra and Mahindra’s (M&M) South Korean subsidiary SsangYong Motor, has sold a total of 12,784 units in July 2016, of total 7,546 units in domestic sales and 5,238 in exports. SsangYong's July sales surged by 8.2% over the same month last year thanks to an uptrend in exports despite decreased domestic sales due to the terminated tax cut period for individual consumption.

In the domestic market, its sales dropped by 8.1% over July 2015 due to the termination of the consumption tax cut benefit, while the Tivoli brand models -combined Tivoli and Tivoli Air (export name: XLV)- continued to show an uptrend with an increase of 9.9% over the same month last year. SsangYong's July exports posted a record high this year, jumping 45.3% compared to the same month last year, helped by increased sales to the European market thanks to the global launch of Tivoli Air.

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.