Mahindra & Mahindra Ltd.

Mahindra and Mahindra’s (M&M) South Korean subsidiary SsangYong Motor has sold a total of 11,805 units in February 2014 – 5,502 units in domestic sales and 6,303 in exports, including CKD kits. Its sales in February 2014 increased by 19.4% year-on-year and 14.3% on an accumulated basis, backed by the upward trend in sales of the Korando family brand with the biggest sales growth in the domestic market.

In particular, its domestic sales rose 26.9% compared to the same month last year and cumulative sales grew 30.8%. It was attributed to a sales growth of over 20% in main models including the New Korando C, Korando Sports and Rexton W. The company’s exports rose 13.6% year-on-year and 2.9% on an accumulated basis driven by sales growth in China, Europe, as well as Russia, based on the popularity of the New Korando C in overseas 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.