SsangYong Motor has sold its 100,000th Tivoli on home ground in the shortest span of time than any other brand it has launched, the company said Tuesday.
Tivoli, released in early 2015, is SsangYong’s first vehicle since Indian conglomerate Mahindra Group acquired the South Korean carmaker in 2011.
The compact sports utility vehicle has been leading the market segment since its release last year. As of November this year, the sales of Tivoli surged 28.9 percent compared to last year, the company said.
SsangYong also expects to see a continuous growth in its Tivoli sales next year with its new 2017 version released in September. The latest model adopted the Advanced Driver Assistance System to enhance its performance.
Led by Tivoli’s rapid sales growth, SsangYong Motor is expecting a turnaround for the first time in nine years. Between January and September, the carmaker reaped a 38.7 billion won ($19 million) profit.
By Cho Chung-un (christory@heraldcorp.com)
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Articles by Korea Herald