Ssangyong Motor

SEOUL, April 25 (Yonhap) -- SsangYong Motor Co. said Tuesday it is aiming to sell 20,000 units of the G4 Rexton sport utility vehicle (SUV) this year in the domestic market. 

"We expect the G4 Rexton SUV will boost our bottom line in coming quarters as our Tivoli crossover helped us turn around last year," SsangYong Motor officials said in a press conference. 

SsangYong Motor unveiled the new SUV during the Seoul Motor Show held last month near Seoul. Parent Mahindra Group Chairman Anand Mahindra said he was "confident it will be a game changer for SsangYong in the medium to large SUV market." He said Tivoli was a defining model for the company in the compact SUV sector.

Mahindra & Mahindra owns a 72.85 percent stake in SsangYong Motor. It is the flagship affiliate of Mahindra Group, an $18 billion Indian conglomerate with businesses that range from the country's largest SUV maker to farm equipment and financial services.

The new SUV will be sold in the local market at a price range between 33.5 million won and 45.1 million won (US$29,600-$39,800).

In this photo taken on April 3, 2017, Mahindra Group Chairman Anand Mahindra raises his right thumb while test-driving a G4 Rexton SUV at SsangYong Motor's plant in Pyeongtaek, 70 kilometers south of Seoul. (Yonhap)

kyongae.choi@yna.co.kr