Proves Hyundai's acceptance as a premium automaker in India.
According to a fresh report from The Economic Times, the Hyundai Creta contributed close to INR 10,000 crore, or US$1.5 billion, of the total turnover of US$5 billion of HMIL.
The Hyundai Creta was launched in India in July 2015 with prices starting at INR 8.59 lakh (ex-showroom Delhi) and has seen immense success in the premium B-SUV space ever since. Last year, Hyundai sold over 80,000 units of the Creta in the country. The South Korean automaker's Indian subsidiary saw a (YoY) growth in profit after tax of 73% and registered an 11% jump in turnover in 2016. It had a market share of 17% in the passenger vehicle segment.
HMIL also began exporting the Creta soon after the launch.
The Hyundai Creta is available in eight grades: E, E+, S, S+, SX, SX+, SX+ Dual Tone and SX (O). The range consists of total 15 different configurations, available in petrol and diesel models. The petrol model is powered by the 123 PS 1.6-litre Dual VTVT engine and available with a 6-speed manual transmission and a 6-speed automatic transmission. Diesel model buyers get to choose between the 90 PS 1.4-litre U2 CRDi engine that is paired to a 6-speed manual transmission and the 128 PS 1.6-litre VGT CRDi engine that is linked to a 6-speed manual transmission or a 6-speed manual transmission. Prices start at INR 9.29 lakh (ex-showroom Delhi).
This year, Hyundai launched the 2017 Hyundai Grand i10/Hyundai Grand i10 Prime and 2017 Hyundai Xcent/Hyundai Xcent Prime in India. In August, the 2017 Hyundai Verna will hit the market, followed by the Hyundai Ioniq Hybrid early next year.
[Source: The Economic Times]