M&M’s arm SsangYong Motor's sales rise 8% in April 2014

Mahindra and Mahindra’s (M&M) South Korean subsidiary SsangYong Motor has sold a total of 13,634 units in April 2014 - 6,010 units in domestic sales and 7,624 in exports, including CKD kits. Its sales in April increased by 8.1% year-on-year and 14.7% on an accumulated basis, posting sales uptrend for the first four months of this year and exceeding 13,000 units following March. The domestic sales reached 6,000 units for the first time this year with an increase of 17.5% over the same month last year, backed by continuous sales growth of the main models. In particular, sales of the New Korando C and Rexwon W rose by over 15% from the previous year while the Korando Sports led sales momentum showing over 40% increase year-on-year. The company’s exports also grew by 1.8%, exceeding 7,000 units for the second straight month and maintaining a sales uptrend since January this year. It was attributed to receiving favorable response to the New Korando C in the global market and exploring new markets aggressively. 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.