Just 45 days following the launch of the refreshed Hyundai Creta, the midsize SUV has surged to unprecedented popularity, amassing a staggering 75,000 bookings, according to the automaker. In a recent discussion with Tarun Garg, COO of Hyundai India, numerous insights into Creta’s market reception were unveiled, shedding light on buyer inclinations, delivery timelines, pending bookings, and sales prospects.

Hyundai Creta Diesel Waiting Periods

Insights into Creta’s Market Performance:

Variant Preferences: Surprisingly, entry-level variants of the Creta constitute a mere 10 percent of total bookings, indicating a prevalent inclination towards mid-spec and top-spec variants among buyers.
Diesel Demand: Despite the ongoing shift towards petrol and electrified vehicles, 43 percent of buyers opted for the diesel model, underscoring sustained demand for diesel engines in the midsize SUV segment.
Waiting Period Dynamics: The diesel automatic variant of the Creta commands the lengthiest waiting period, stretching up to 24 weeks, reflecting an unexpectedly high demand for this configuration. Conversely, manual transmission options offer slightly shorter wait times.
Sales Performance and Projections: In February 2024, Hyundai witnessed a notable 12 percent year-on-year growth in Creta sales, with 15,276 units sold, marking the highest-ever monthly sales figure for the model in India. Garg expressed confidence that the impending launch of the Creta N Line, slated for March 11, could propel monthly sales beyond the 16,000-unit mark, surpassing the previous annual sales record of 1.57 lakh units set in 2023.
Production and Capacity Utilization: With a total production capacity of 8,25,000 units per annum in India, Hyundai reports operating at 95 percent capacity utilization. The brand has also augmented production capabilities by 50,000 units annually, reaching this milestone through ramped-up production efforts. Additionally, Garg disclosed that pending bookings stand at 97,000 units, with the Creta accounting for half of this figure. Hyundai anticipates further capacity expansion to 10 lakh units per annum in the mid-term, facilitated by the acquisition of the Talegaon plant.

Hyundai Creta Diesel Price:

Price Starting at 13.10 Lakhs to 24.46 Lakhs (Approx).

FAQ: (Frequently asked Questions)

Why are diesel variants of the Hyundai Creta experiencing longer waiting periods?
The surge in demand for diesel variants, particularly the automatic transmission option, has outpaced Hyundai’s production capabilities, resulting in extended waiting periods.
Can opting for a manual transmission reduce the waiting period for the Creta?
Yes, choosing a manual transmission over automatic could potentially shorten the waiting period for the Creta, although the extent of reduction may vary.
What factors contribute to the sustained popularity of diesel engines in the SUV segment?
Diesel engines are favored for their torque-rich performance, especially suitable for SUVs, along with better fuel efficiency on long journeys.
How does the Creta N Line differ from the standard model, and how might it impact sales?
The Creta N Line boasts sportier aesthetics and enhanced performance features, catering to enthusiasts. Its launch is anticipated to further bolster Creta sales.
Is Hyundai planning to increase production capacity further to meet growing demand? Yes, Hyundai aims to expand its production capacity to 10 lakh units per annum in the mid-term, leveraging additional facilities like the Talegaon plant.
Are there any alternative models or brands offering comparable features to the Hyundai Creta?
Competitors in the midsize SUV segment include models from brands like Kia, Toyota, Tata, and Volkswagen, each offering distinct features and capabilities.
How does the Creta N Line compare to other performance-oriented SUVs in its segment?
The Creta N Line aims to blend sporty aesthetics with everyday practicality, offering a unique proposition compared to more performance-focused SUVs in its class.
Are there any incentives or promotions available to expedite Creta deliveries?
Hyundai periodically offers promotional schemes and incentives to expedite deliveries; prospective buyers are encouraged to inquire with authorized dealers for current offers.
What steps can customers take to track the status of their pending Creta bookings?
Customers can stay updated on the status of their pending bookings by contacting their respective dealerships or utilizing online booking management tools provided by Hyundai.
Does Hyundai offer any alternatives for customers unwilling to wait for their booked Creta?
In certain cases, Hyundai may offer alternative models or variants available for immediate delivery, subject to availability and customer preferences.