Mahindra and Mahindra’s (M&M) South Korean subsidiary SsangYong Motor, has sold a total of 12,349 units in May 2017 – 10,238 units in domestic sales and 2,111 units in exports. SsangYong’s May sales soared by 11.5% compared to April 2017 largely helped by domestic sales growth, which jumped by 20% from the previous month, thanks to the launch of the G4 Rexton.
The first month sales of the G4 Rexton, a new sensation in the large SUV market, was 2,703 units that has led the premium SUV market. In addition, the Tivoli brand models sold over 4,700 units in May, leading the compact SUV market. Based on those two models’ popularity, SsangYong’s domestic monthly sales exceeded 10,000 units for the first time this year in May, up 22.7% from the previous month and 11.4% year-on-year respectively.
However, SsangYong’s May exports dropped by 48.4% compared to May 2016 due to the sluggish global economy.