Hyundai Creta production to be increased to 12,500 units a month
Launched back in July 2015, the new Hyundai Creta has been the most successful new car of the year. Rightly awarded the prestigious Indian Car of the Year 2016 award, Hyundai Creta has eaten 50% of the market share since launch.
With demand refusing to decline, Hyundai India now faces a daunting task of meeting their customers expectations. With over 90,000 bookings made, Hyundai Creta waiting period has touched up to 8 months in select cities for certain variants.
In order to meet this rising demand, and bring the waiting period down, Hyundai India has revealed that they will increase production to 12,500 units. Of this, 10,000 units will be for domestic market while 2,500 units will be export market variants. For now, Hyundai Creta production is below 10,000 units. Of this 7,000 is for the domestic market and about 2,000 – 3,000 is for the export market.
Speaking about plant capacity, Hyundai India says that will be able to manage production for the next two years from the current plant, at the current rate of increase in production. Last year, Hyundai India produced 643,000 cars, and with plant capacity at 720,000 units annually, they can easily sustain demand without the need for the second plant. However, Rushlane has learnt that Hyundai India has already started setting-up their new plant near Ahmedabad in Gujarat.
This year, Hyundai India will launch the new Tucson SUV. Showcased at the 2016 Auto Expo, new Tucson will sit between Creta and Santa Fe in the company line-up.
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