South Korea based vehicle manufacturer Ssangyong Motor has reported sales of 69,460 units in the first half of 2013, an increase of over 22%, compared to the corresponding period of 2012.
The company sold 29,286 units in the domestic market that increased 34% against the same period prior year and the rise was attributed to the growth in sales driven by the newly launched Korando Turismo and other brands in the Korando family.
During the period between January and June 2013, the company exported 40,174 units, a 15.4% rise compared to the same period prior year, driven by the increase in sales in Russia, Latin America and India.
Ssangyong Motor CEO Lee Yoo-il said the combined effort to increase sales of the company's face-lifted models and the synergy with Mahindra has ensured profitability and helped to turn around the company in the second quarter.
"We will continue to further increase our sales with the introduction of improved models such as the New Korando C in the second half which will help improve our profitability," Yoo-il added.
During the first six months of 2013, the company reported revenue of KRW1,660.6bn ($1.48bn).
