Latest Car News in India

Thursday, January 03, 2013

By Manoj Kumawat

Ssangyong posts 6.3 percent growth in ’12, expects great days coming

Ssangyong’s takeover by the Indian SUV maker Mahindra has brought success to the Korean brand. As per the annual result posted by Ssangyong, it has witnesses a growth of 6.3 percent in 2012. Notably, the car maker was acquired by Mahindra lately and after the merger, it has spurred its operations and has also launched one SUV – Mahindra Ssangyong Rexton in India. Meanwhile, the car maker has achieved success in its Korean operations and it has sold as many as 1.20 lakh units in 2012 with a growth of 6.3 percent. The best selling cars being Ssangyong Korando C and Ssangyong Korando Sports. 


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As per the reports, this is the highest ever growth achieved by the car maker since its inception and it is said that all credit goes to Mahindra. Meanwhile some experts believe that Ssangyong’s Indian venture will further add some positive growth to the car makers overall sales and currently the Ssangyong Rexton offering will be joined by Mahindra Korando and other Ssangyong SUVs. It is said that Mahindra will be making India as the production hub for Ssangyong cars and it will be from India, that Ssangyong cars will be exported to other countries. 
In December along Ssangyong sold over 11871 units and it is a trend of selling more than 10k cars a month that the car maker has continued for the past four months. The company’s exports were maximum to Russia. In India, the Rexton has encouraging booking figure of over 1200 units and in order to meet the rising demand, the car maker will increase the production of this car in this month. This will also cut the waiting period and this will help make the Rexton more popular in the segment and this way it will be able to compete well with its opponents such as Mitsubishi Pajero, Toyota Fortuner and others.  

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