THE INVESTOR

메뉴열기

SsangYong Motor to export G4 Rexton to India

PUBLISHED : February 12, 2018 - 14:25

UPDATED : February 12, 2018 - 14:25

  • 본문폰트 작게
  • 본문폰트 크게
  • 페이스북
  • 트위터
  • sms

[THE INVESTOR] SsangYong Motor announced on Feb. 12 that it has signed a product licensing agreement with Indian carmaker Mahindra & Mahindra to export its large-sized premium sport utility vehicle G4 Rexton to India.

Mahindra & Mahindra currently owns a 72.85 percent stake in SsangYong Motor.

 

Mahindra Group Chairman Anand Mahindra(left) and Ssangyong Motor President Choi Jong-sik(right)



“Going forward, SsangYong and M&M will work hard to generate synergy on various aspects such as platform development and overseas market presence,” CEO of SsangYong Motor Choi Johng-sik said in a statement.

The production of the G4 Rexton in M&M’s Chakan plant in India will begin during the second half of 2018.

M&M has pinned high hopes on the G4 Rexton as it received positive reviews from Indian media when it was unveiled at the Auto Expo in Delhi early this month. Toyota’s Fortuner and Ford’s Endeavour are cited as its key competitors in the market.

Since its Korean debut in May 2017, the G4 Rexton is leading the full-sized premium SUV segment. The Indian launch comes as the car is already being sold in countries such as Bulgaria, Hungary, Peru, New Zealand and Vietnam.

By Song Seung-hyun (ssh@heraldcorp.com)

  • 페이스북
  • 트위터
  • sms
최상단으로
Herald Corporation|CEO : Kwon Chung Won
Chief Privacy Officer & Juvenile Protection Manager : Shin Chang Hoon
Company Registration No. 104-81-06004
Mail-Order Business Registration 2016 - Seoul Yongsan - 00590
Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea
T : +82-2-727-0615|Business info
COPYRIGHT HERALD CORPORATION. ALL RIGHTS RESERVED.