Mahindra & Mahindra Ltd.

Mahindra and Mahindra (M&M), country’s major automobile maker’s South Korean subsidiary SsangYong Motor Corporation sold a total of 12,607 vehicles in April 2013 - 5,115 vehicles in domestic sales and 7,492 in exports, including CKD kits.  Ssangyong achieved its highest ever monthly sales since December 2006 and its result exceeded average monthly sales in Q1 this year, when the company recorded the highest growth rate in the domestic auto industry.

The domestic as well as export sales increased by over 20% each compared to the same month last year and came close to the monthly sales record in 2012. As a result, total sales in April rose by 25.9% year-on-year and cumulative sales grew by 20.4% sharply compared to the same period last year.

Ssangyong’s domestic sales showed an upward trend for four consecutive months due to increased sales of the Korando series. The company sold 5,115 vehicles in the domestic market, exceeding 5,000 again in 5 months since last December, with a growth of 27.7% from the same month last year.

The company registered an increase of 24.7% in exports from a year earlier, exceeding 7,000 vehicles. It was attributed to a sales upswing in overseas markets such as Central and South America and increased sales of the Korando C to the Russian market despite the global recession.