Mahindra & Mahindra Ltd.

Ssangyong Motor, part of the Mahindra Group, has sold a total of 13,232 units in March 2014 - 5,850 units in domestic sales and 7,382 in exports, including CKD kits. Its sales in March increased by 23% year-on-year and 17.3% on an accumulated basis, backed by continuous increase in exports after the launch of the New Korando C and continuous sales growth in the domestic market, which was the highest among all automakers.

In particular, Ssangyong Motor saw an increase in sales for three consecutive months this year, recovering monthly sales of 13,000 units since last December (at 13,271 units). Its domestic sales rose 18.8% compared to the same month last year and cumulative sales grew 26.4%. It was attributed to a sales growth of over 30% in the Korando Sports and the Rexton W as well as sales uptrend in the New Korando C. Ssangyong Motor’s exports rose 26.5% year-on-year and 10.6% on an accumulated basis driven by a sales growth of the New Korando C in main markets including China and Europe, exceeding 7,000 units in four months since last November (at 7,552 units).

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.