Economy, Auto
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Ssangyong Exports to Iran Increase

Iran has emerged as the biggest export market for Ssangyong Motor’s small SUV Tivoli.  Iran has emerged as the biggest export market for Ssangyong Motor’s small SUV Tivoli.

Ssangyong Motors, one of the largest South Korea-based automobile manufacturers, announced that in the first 11 months of 2016 it sold 6,823 cars to Iran.

According to a statement released by the company on Wednesday, the export jumped seven-fold compared to the same period last year, ISNA reported.  

The company has said it expects to ship 8,000 vehicles including the Tivoli to Iran by the end of 2016 if the current trend continues.

Iran has emerged as the biggest export market for Ssangyong Motor’s small SUV Tivoli, after economic sanctions on Iran were eased in January.

Ssangyong said on Wednesday that it had shipped 6,673 units of Tivoli and Tivoli Air between January and November. The volume accounts for 98% of the South Korean company’s total vehicle export (6,823 units) to Iran.

The Tivoli, in particular, has hit the sweet spot in the market of imported crossover vehicles.

The price range of the car matches that of several other crossover models in the market including the recently introduced Renault (Dacia) Duster model as well as Chery’s Tiggo5.  

The automaker also exported the Tivoli SUVs to Belgium (3,956) and Spain (2,233), which are the second and third largest importers of the SUVs.

The Tivoli made its debut in the Iranian market through the Mashhad Motor Show in October last year.

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