Hyundai to raise Creta production by 30% to cut waiting period
Hyundai Motor India is increasing production of its SUV Creta by 30% to 13,000 units a month to reduce the waiting period as bookings of the vehicle cross one lakh milestone within 8 months of its launch.business Updated: Mar 15, 2016 19:08 IST
Hyundai Motor India is increasing production of its SUV Creta by 30% to 13,000 units a month to reduce the waiting period as bookings of the vehicle cross one lakh milestone within 8 months of its launch.
“To reduce the waiting period, we are increasing Creta production by 30% to total of 13,000 units of which 10,000 units will be allocated for the domestic market,” Hyundai Motor India Ltd (HMIL) managing director & CEO YK Koo said in a statement.
HMIL had launched Creta in India in July last year and since then has received five lakh inquiries for the SUV.
The company has delivered 56,000 units of the model till date. Creta is available in three engine options of 1.6 litre and 1.4 litre in diesel, and 1.6 litre in petrol.
“We thank our customers for the tremendous response with the record fastest one lakh bookings in 8 months. Like in the domestic market, Creta has generated great response in global markets with more than 28,000 orders,” Koo said.
With Creta, HMIL has strengthened its position in the SUV segment in India and has demonstrated excellence of ‘Made in India’ products as per global standards, the company said.
Besides domestic market, the SUV has received good response in global markets such as Latin America, the Middle East and Africa, the company said. “Hyundai will continue to maintain its leadership position in the export market with the strong sales of Creta,” it added.
First Published: Mar 15, 2016 15:15 IST