Ssangyong Motor booked revenue of KRW760.4bn (US$704.89m), an operating loss of KRW34.2bn and a net loss of KRW31.2bn in the first quarter of 2015.

Driven by the Tivoli, domestic sales increased to 21,107 units, up by 25.7% from a year earlier.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

However, exports decreased by 40.6% due to declining shipments to the main overseas market of Russia.

The decline in exports resulted in a bigger quarterly loss in overall sales and revenue which declined by 10.2% and 11.9% respectively year on year.

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now