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SsangYong Motor sales in September up by 6.81%
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Monday, 08 Oct 2012
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Business Line reported that SsangYong Motor Company has posted a 6.81% rise in total sales for September, against the same period a year ago. The South Korean automobile maker is part of the USD 15.4 billion Mahindra Group, after it was acquired by Mahindra and Mahindra in March last year.

SsangYong Motor said in a statement that in the month under review, the company sold a total of 10,147 vehicles, of which 4,036 units were sold in the Korean market. It exported 6,111 units during the month.

Mr Lee Yoo-il CEO of SsangYong Motor said that “The sales show positive recovery as the number of working days increased and the back orders issue from some assembly lines has been solved, there continue to be difficulties such as the economic depression” in the European market.”

The company’s domestic sales rose 34.5% during the month under review while, on a sequential basis, its domestic sales grew 8.9 per cent. The increase in domestic sales followed a positive upward trend in sales of refreshed models such as the Korando Sports. Domestic sales rose 11.1% on a sequential basis, mainly due to an increase of working days and decreased back orders for some refreshed models.

Source - Business Line

(www.steelguru.com)

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