Sunday, July 17, 2011

Mahindra to sell 120,000 SsangYong cars globally this year

Mahindra Car
Automobile major Mahindra and Mahindra Ltd is aiming to sell 120,000 South Korean SsangYong cars globally this year, the company said on Wednesday.

"We are aiming to sell 120,000 SsangYong cars globally this year. About 55 percent of this will be sold outside (South) Korea and the remaining will be sold in (South) Korea. Last year 82,000 cars were sold," Mahindra and Mahindra president, automotive and farm equipment sectors, Pawan Goenka told reporters here.

Mahindra and Mahindra acquired the South Korean automobile manufacturer SsangYong Motor in February.

Goenka said the company will launch five new cars in India.

"We will launch five new cars in the country this year. Two cars of SsangYong - Rexton and Korando C, one SUV (sport utility vehicle) and one electric car will be launched," he said.

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