Mahindra & Mahindra Ltd.

Mahindra and Mahindra (M&M), country’s major automobile maker’s South Korean subsidiary SsangYong Motor has sold a total of 10,436 units in September 2013. The company sold 4,432 units in domestic sales and 6,004 in exports. Ssangyong Motor’s sales in September increased by 2.8% from a year earlier and its cumulative sales rose by 21.4% compared to the same period last year. The increase was driven by higher demand for the Korando family brand including the New Korando C despite reduced working days at the plant as a result of the Chuseok holidays.

Ssangyong Motor’s domestic sales also increased by 9.8% year-on-year and cumulative sales rose by 32.3% compared to the same period last year. However they decreased slightly from the previous month due to the reduced number of working days. Further, the New Korando C has been very well received, recording over 7,000 contracts since its launch in August and the company’s domestic sales will further increase based on the popularity of the New Korando C.

Moreover, Ssangyong’s cumulative exports grew by 14.3% compared to the same period last year thanks to increased sales in the Russian market despite priority being given towards meeting increased domestic demand.