Hyundai Motors India Limited (HMIL) will increase Hyundai Creta production once again. First launched in India in July 2015, Creta is now one of the best selling cars in India.
To meet growing demand, Hyundai Creta production will be increased by 20 percent to 12,000 units per month. This will help Hyundai to bring down huge waiting periods and meet demand more efficiently in the domestic market.
Since July 2015, over 1 lakh bookings for Hyundai Creta have been registered while the company made 68,000 deliveries till March 2016. Noting average monthly sales to the extent of 8,000 units and waiting periods extending from two to two and half months has pushed the company to take this step. The increase in production will commence from June 2016.
HMIL currently produces 10,000 units of the Hyundai Creta of which 8,000 units are for domestic sales while the balance 2,000 units are exported. HMIL has received a good response for the Hyundai Creta from global markets that include Latin America, Africa, and the Middle East.
Hyundai India MD and CEO Y K Koo also revealed plans to transform the company into a modern premium brand in India. HMIL registered 16 percent growth last year while market share stood at 17.3 percent. Two new vehicle launches each year, up-gradation of dealerships and quality showrooms are also being planned while the company protects its brand image and has no plans on competing with low priced cars.
Hyundai Creta – Photos