▪ Accelerates Development of Korean SUV Models Equipped with Cutting-Edge Technology∙∙∙ Shortens New Car Development Period and Responds to Market Changes▪ Strengthens Future Technology Cooperation through Strategic Partnership with Global Export Company Chery Automobile▪ Develops Mid-Sized and Large SUVs through Platform License Introduction∙∙∙ Plans to Introduce Electrification Models to Target Global Markets [Monday, October 21,… Continue reading @Mahindra: KGM Signs Strategic Partnership and Platform License Agreement with Global Automakers
Author: Mahindra and Mahindra Official News
@Mahindra: KGM Holds Dealer Conference and Launches Torres in Australia
– Chairman Jea-sun Kwak participates in the Torres launch and dealer conference to expand global sales – A total of 80 members from 60 Australian dealerships attended to participate in the launch of the Torres and introductions to the Torres EVX and Actyon – Conference focused on discussions on KGM’s new brand and long-term product… Continue reading @Mahindra: KGM Holds Dealer Conference and Launches Torres in Australia
@Mahindra: KGM Sells a Total of 7,367 Units in September 2024
– 4,535 units in domestic, 3,102 units in exports for a total of 7,637 units; year-on-year decrease of 20.3% – Growth in domestic sales through the launch of the new Actyon model; year-on-year and month-on-month increase of 11.5% and 15% respectively – KGM plans to increase sales by maintaining a stable production system, timely supply of… Continue reading @Mahindra: KGM Sells a Total of 7,367 Units in September 2024
@Mahindra: KGM Holds 2024 Global Distributor Conference
– The first large-scale global distributor event since joining the KG family, with 91 participants from 42 different countries – The event included a conference day to discuss KGM’s brand strategy and product development plans to strengthen global competitiveness, award ceremony for distributors who have shown outstanding performance in key business areas, and a test… Continue reading @Mahindra: KGM Holds 2024 Global Distributor Conference
@Mahindra: KGM Confirms J120 Model Name as ‘Actyon’
– Introducing a sleek and robust coupe-style SUV: pre-orders in the domestic market to commence from July 15th – Carrying on the authenticity of the world’s first SUC (Sports Utility Coupe) through the succession of the name “Actyon” – Derived from the combination of “Action+Young” and “Act+On”, the Actyon expresses the brand’s dynamism KGM announced… Continue reading @Mahindra: KGM Confirms J120 Model Name as ‘Actyon’
@Mahindra: KGM Sells a Total of 9,358 Units in June 2024
– Recovery in both domestic and export sales following the launch of various new models and focus on global market expansion; a total of 9,000 units sold within the last two months, showing a month-on-month increase of 15.1% – A year-on-year and net increase in exports of 17.2% and 24.5% respectively; export sales growth led… Continue reading @Mahindra: KGM Sells a Total of 9,358 Units in June 2024
@Mahindra: KGM Sells a Total of 8,130 Units in May 2024
– A total of 8,130 units sold in May – 4,001 units in domestic and 4,129 in exports; 17.5% decrease in total sales compared to last May – Despite the year-on-year decrease in exports, net sales from January to May 2024 have exceeded the company’s performance within the same period in 2023, the year in… Continue reading @Mahindra: KGM Sells a Total of 8,130 Units in May 2024
@Mahindra: KG Mobility Appoints New CEOs Mr. Ki-young Hwang and Mr. Jang-ho Park
-To enhance management efficiency and establish a responsible management system, executive director Ki-young Hwang, head of the Overseas Business Headquarters, and executive director Jang-ho Park, head of the Production Headquarters, were newly appointed as CEOs along with current chairman Jea-sun Kwak – KGM to implement an executive management system centered around the overseas & domestic businesses… Continue reading @Mahindra: KG Mobility Appoints New CEOs Mr. Ki-young Hwang and Mr. Jang-ho Park
@Mahindra: KGM Global Sales Record 9,751 Units in April 2024: 40.1% Increase in Exports Compared to Last Year
A total of 9,751 units sold in April – 3,663 units in domestic and 6,088 units in export; 1.8% decrease in total sales compared to last April due to decline in domestic sales A four-month growth trend in exports led by a sales volume exceeding 6,000 units for two consecutive months; 40.1% increase compared to… Continue reading @Mahindra: KGM Global Sales Record 9,751 Units in April 2024: 40.1% Increase in Exports Compared to Last Year
@Mahindra: KGM Ends the First Quarter of 2024 with Surplus
KGM ends Q1 with a surplus for the second consecutive year Total revenue of 1 trillion won led by an increase in export sales Year-on-year export sales increase of 39.2% driven by a steady increase in overseas demand over the past three months KGM to further improve its financial position by strengthening… Continue reading @Mahindra: KGM Ends the First Quarter of 2024 with Surplus