Kia Motors is ready to launch new models in India to expand its local market presence.The company announced on Dec. 5 that it held a ceremony to mark the completion of a plant in Anantapur, Andhra Pradesh, India. Built on a site of 2.16 million square meters, the new factory is a state-of-the-art
SsangYong Motor Co., part of India's Mahindra Group, announced on Dec. 2 that the company sold a total of 10,754 units in November 2019 -- 9,240 units in domestic sales and 1,514 in exports.SsangYong’s November sales increased 5.5 percent from the previous month, driven by domestic sales growth.
SsangYong Motor Co., part of India's Mahindra Group, announced on Oct. 1 that the company sold a total of 10,195 units in October 2019 -- 8,045 units in domestic sales and 2,150 in exports. SsangYong’s domestic sales in October dropped 20.2 percent from a year ago due to weak market demand and i
SsangYong Motor Co., a subsidiary of India's Mahindra Group, announced on Oct. 18 that the company sold 31,126 units, posted revenue of 836.4 billion won, an operating loss of 105.2 billion won, and a net loss of 107.9 billion won in the third quarter of this year.The company’s third-quarter sal
SsangYong Motor Co., part of India's Mahindra Group, announced on Oct. 1 that the company sold a total of 10,325 units in September 2019 – 7,275 units in domestic sales and 3,050 in exports.SsangYong’s September 2019 sales slightly decreased 4.4 percent compared to the same month last year due t
SsangYong Motor Co., part of India's Mahindra Group, announced on Sept. 2 that the company sold a total of 10,015 units in August 2019 -- 8,038 units in domestic sales and 1,977 in exports.SsangYong’s August sales dropped 12.3 percent from a year earlier, showing a decline in both domestic sales
SsangYong Motor Co., part of India's Mahindra Group, announced on Aug. 1 that the company sold a total of 10,786 units in July 2019 – 8,707 units in domestic sales and 2,079 in exports, including CKD kits.SsangYong’s July sales dropped 16.5 percent from a year earlier, showing a decline in both
SsangYong Motor Co., part of India's Mahindra Group, announced on July 1 that the company sold a total of 70,277 units in the first half of 2019 – 55,950 units in domestic sales and 14,327 in exports, including CKD kits.SsangYong’s H1 2019 sales increased 4.7 percent compared to the same period
Harman International Industries, a subsidiary of Samsung Electronics, held a ceremony on June 3 (local time) to celebrate the expansion of an auto parts manufacturing facility at its factory in Chakan of India with the attendance of local government officials.Founded in 2014, the plant produces a va
SsangYong Motor Co., part of India's Mahindra Group, announced on June 3 that the company sold a total of 12,338 units in May 2019 – 10,106 units in domestic sales and 2,232 in exports, including CKD kits.SsangYong’s May 2019 sales decreased 4.6 percent from a year earlier. Its domestic sales im
Samsung Group’s electronics units are said to be planning to invest 25 billion rupees (US$360.35 million or 421.25 billion won) in smartphone production lines in India.Samsung Display Co. and Samsung SDI Co. are planning to establish their local subsidiaries in India and invest 15 billion rupees (US
SsangYong Motor Co., part of India's Mahindra Group, announced on May 2 that the company sold a total of 12,713 units in April 2019 – 10,275 units in domestic sales and 2,438 in exports, including CKD kits.SsangYong’s April 2019 sales jumped 16.3 percent over April 2018, showing an uptrend by su
SsangYong Motor Co., part of India’s Mahindra Group, announced on April 29 that the company recorded its highest-ever Q1 revenue in 2019 as its business performance continues to improve.SsangYong Motor sold a total of 34,851 units in the first quarter of 2019 to post a revenue of 933.2 billion won,
Samsung SDS announced on April 14 that it has signed a business agreement with India’s Tech Mahindra to spread Nexledger, a blockchain platform for enterprises, in the global market.Tech Mahindra is Mahindra Group’s IT service company with over 900 corporate clients and over 120,000 IT engineers.Und
SsangYong Motor Co., part of India’s Mahindra Group, announced on March 4 that the company sold a total of 9,841 units in February 2019 -- 7,579 units in domestic sales and 2,262 in exports.SsangYong’s February sales rose 8.3 percent over the same month last year, showing an uptrend at home and abro
SsangYong Motor has decided to increase capital by 50 billion won (US$44.5 million) by issuing new shares to its majority shareholder, Mahindra & Mahindra Ltd. of India.The automaker will issue 11.89 million new shares, which represent 8.6 percent of the total number of shares issued before the capi
SsangYong Motor Co., part of Mahindra Group of India, announced on Jan. 2 that it sold a total of 143,309 vehicles in 2018 – 109,140 units in domestic sales and 34,169 in exports including CKD kits.In 2018, SsangYong showed a similar sales performance to 2017, recording a growth for nine consecutive
SsangYong Motor announced on Dec. 21 that the G4 Rexton, the company’s new flagship sports utility vehicle (SUV), has been selected as the ‘Premium SUV of the Year’ in India.The selection was made by the world-renowned auto magazine Autocar. An award ceremony was held in Mumbai, India on Dec. 19 (lo
The Export-Import Bank of Korea (Korea Eximbank) has decided to make an equity investment in overseas subsidiaries of car component producers which have difficulty with poor performance of domestic automakers, including Hyundai Motor Co.According to investment banking (IB) industry sources on Decemb
SsangYong Motor Co., part of the Mahindra Group, announced on Nov. 1 that it sold a total of 13,424 vehicles in October 2018 – 10,082 units in domestic sales and 3,342 in exports including CKD kits.SsangYong achieved the best monthly sales this year in October with an increase of 24.9 percenter over