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Ssangyong Motor's annual sales grow 7.8 pct on-year in 2016

All Headlines 14:29 January 02, 2017

SEOUL, Jan. 2 (Yonhap) -- Global sales of Ssangyong Motor Co., the South Korean unit of Indian automaker Mahindra & Mahindra Ltd., reached a 14-year high last year, helped by brisk sales both at home and abroad, the company said Monday.

Annual global sales came to 155,754 cars last year, up 7.8 percent from the previous year.

The 2016 tally marks the highest since 2002, it said in a press release.

Domestic sales gained 3.9 percent on-year to 103,554 units in 2016, while outbound shipments spiked 16.3 percent to 52,200 cars.

It also marked the first time since 2003 that the company's domestic sales breached the 100,000 mark, it noted.

In December alone, the company's global sales surged 10.5 percent to 16,705 units.

Domestic sales slipped 5.7 percent on-year to 10,700 cars, but exports jumped 59.5 percent to 6,005 vehicles.

bdk@yna.co.kr
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