Photo: Bloomberg
Photo: Bloomberg

Ssangyong sales up 23% in March; China and Europe prop up exports

The volume, the highest among all the auto makers in South Korea, were driven by the new Korando C

Mumbai: Sales at Ssangyong Motor, Mahindra and Mahindra Ltd’s South Korean subsidiary, rose 23% to 13,232 units in March, including exports, the company said in a statement on Friday.

The volume, the highest among all the auto makers in South Korea, were driven by the new Korando C (urban leisure vehicle). Domestic sales in the market rose 18.8% compared to the same month last year.

In Europe, though, Korean auto maker’s first quarter sales rose 68.5% from a year ago to 3,971 units. The company expects further growth as the market recovers.

In China, quarterly sales rose almost five-fold to 4,320 units from 92 units a year ago.

“We have been posting a sales uptrend for the third straight month this year thanks to the strong sales of the Korando family brand," said Lee Yoo-il, chief executive of Ssangyong Motor, in a statement. “We will further expand our sales by exploring new markets and carrying out aggressive marketing strategies, based on the positive response to main models in the global market."

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