Hyundai to increase Creta production by 20% – Feedback

The country’s second largest carmaker Hyundai today said it will increase production of its newly launched Creta by 20 per cent to 12,000 units per month to meet rising demand.

Hyundai India MD and CEO Y K Koo said the company also plans to transform itself as a “modern premium brand” in the country and expects to register a growth of 6-8 per cent this year. The South Korean company registered 16 per cent growth last year. Koo further said Creta, which was launched in July last year, got overwhelming response with over one lakh bookings and 68,000 deliveries till March end. “Within eight months from the launch, Creta touched more than one lakh bookings and 68,000 units were sold till March end. We are touching 8,000 units sales on an average in a month with waiting period ranging from two to two-and-half-months,” he said.

http://economictimes.indiatimes.com/industry/auto/news/passenger-vehicle/cars/hyundai-to-increase-creta-production-by-20/articleshow/51911702.cms

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