Home News Automobile Industry Hyundai Creta Contributes Rs 10,000 Crore To The Company’s Turn Over in 2016

Hyundai Creta Contributes Rs 10,000 Crore To The Company’s Turn Over in 2016

In 2016, Hyundai Motor India became one of the fastest growing subsidiaries for the South Korean automaker.

  • Chhavi Kaushik
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Hyundai Creta 2017

Hyundai Creta - Setting the cash registers ringing from the time of its launch in 2015, Creta is hands down the most popular choice in the segment. The Hyundai Creta carline is now cheaper by up to Rs 1.70 lakh. With multiple engine choices in petrol and diesel guise, Creta comes in AT and MT variants.

First launched in July 2015, Hyundai Creta has proven to be a great success for the South Korean carmaker in India. The compact SUV crossed 1.5 lakh units sales milestone in less than two years in the domestic market. With an average sales of 7,177 units per month, the Creta had clocked its highest-ever monthly sales of over 10,000 units in March 2017.

Interestingly, the Hyundai Creta has contributed US$1.5 billion (around Rs 10,000 crore) to the company’s total turnover of US$5 billion in 2016. The Elite i20 hatchback has emerged as the second major contributor. With $289 million net profit previous year, Hyundai Motor India became one of the fastest growing subsidiaries for the South Korean automaker. The company’s Indian arm recorded a year-on-year growth in profit (after 73% tax) with 11% increase in turnover of previous year.

Priced between Rs 9.28 lakh – Rs 14.63 lakh (ex-showroom, Delhi), the Hyundai Creta comes in eight trims – E, E+, S, S+, SX, SX+, SX+ Dual Tone and SX (O). Engine options for the subcompact SUV include – 123bhp, 1.6-litre petrol, 90bhp, 1.4-litre diesel and 128bhp, 1.6-litre diesel. The SUV can be brought either with a 6-speed manual or a 6-speed automatic gearbox options.

On the first anniversary of the Creta, Hyundai introduced a special Anniversary Edition of the SUV in July 2016. Further expanding its model lineup, the South Korean carmaker added two new variants – Executive (E+) and S+ Diesel Automatic – at Rs 10 lakh and Rs 13.58 lakh (ex-showroom, Delhi) respectively. The Creta Anniversary Edition, on the other hand, was priced at Rs 12.38 lakh (petrol) and Rs 13.76 lakh (diesel) ex-showroom, Delhi.

Talking about Hyundai’s future plan, the company is gearing up to launch the new-generation Verna sedan that will be followed by Ioniq Hybrid early next year. The company recently introduced the 2017 model year of its popular hatchback – Grand i10 and subcompact sedan – Xcent.

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