Mahindra owned Ssangyong had made an announcement that it is all geared up to set its name back in the global market by launching four new models to their existing portfolio and five new facelifts with also taking initiative for launching electric vehicles. With the help of Mahindra, Ssangyong will enter the African market and will be able to manufacture their cars in India and Egypt. Ssangyong will be launching the Rexton and Korando C in the Indian market early next year.
Back in its hometown Ssangyong will increase its infrastructure and will start a one stop finance solution for potential Ssangyong buyers. Ssangyong plans to take around 20% of the market share. Ssangyoung has also made two long term goals, the first one which is the ‘Promise 2013′, where the company “aims to sell 1,60,000 vehicles recording revenues of four trillion Won by 2013. The second long term plan is the ‘Aspiration 2016’, by which it plans to sell 3,00,000 vehicles recording revenues of seven trillion Won.
