logo
Hyundai Creta completes 10 years in India with over 12 lakh units sold

Hyundai Creta completes 10 years in India with over 12 lakh units sold

Hindustan Times6 days ago
On the market share side, the Creta now claimed to occupy more than 31 per cent of the mid-size SUV space Check Offers
Having been introduced in July 2015, the Hyundai Creta has now completed a decade in the Indian market. In the last decade, it has evolved from being a new entrant in the mid-size SUV space to a model that is continuously benchmarked in terms of volume sales and segment share. Its performance also mirrors overall shifts in consumer preferences, feature anticipation, and how the SUV segment itself has evolved in India.
The Creta's ten-year stretch overlaps with a time when the SUV body form transitioned from niche to mass in India. The decade saw the competition in the mid-size SUV segment increase from two models in 2015 to well over a dozen models in 2025. Despite this, the Creta has maintained a leadership position in segment sales every completed year since its launch.
Also Read : Hyundai Aura lineup expanded with new S AMT trim level. Here's what it gets Hyundai Creta: Sales growth and market footprint
Hyundai Motor India stated that the Creta has crossed 12 lakh units sold in the domestic market. From 92,926 units in 2016, its sales in 2024 rose to 1,86,919 units annually. In January to June 2025, the model topped SUV sales in India and overall vehicle sales across segments in three out of those six months.
On the market share side, the Creta now claimed to occupy more than 31 per cent of the mid-size SUV space, according to internal industry numbers quoted by the company. Another indicator of its shifting buyer base is the growing share of first-time buyers, which increased from 12 per cent in 2020 to 29 per cent in 2024. Meanwhile, sunroof-equipped variants accounted for around 70 per cent of sales in the first half of 2025—signaling a trend toward more feature-rich variants in the segment. Also watch: Hyundai Creta vs Creta N Line: Which SUV suits you better?
The Creta's consistent performance happens at a time when consumer preferences from mid-size SUVs have evolved significantly. The company informed that customers are more willing towards features like panoramic sunroofs, connected technology, and varied powertrains. The segment itself is more congested, with rivals providing capable alternatives across price points. Global reach
Beyond the domestic market, the Creta is also exported to more than 13 countries, with 2.87 lakh units having been shipped from India till date. The model presently comes in petrol, diesel, turbo-petrol, and electric engines, and features manual as well as automatic gearboxes.
Check out Upcoming Cars in India 2025, Best SUVs in India.
First Published Date: 21 Jul 2025, 12:13 pm IST
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

India-UK trade pact to benefit youth, MSMEs, startups: PM Modi
India-UK trade pact to benefit youth, MSMEs, startups: PM Modi

Time of India

timean hour ago

  • Time of India

India-UK trade pact to benefit youth, MSMEs, startups: PM Modi

India-UK trade pact to benefit youth, MSMEs, startups: PM Modi TUTICORIN: The India-UK FTA will benefit Tamil Nadu (TN) youth, MSMEs, and startups, PM Narendra Modi said at Tuticorin airport, where he launched infrastructure projects worth over Rs 4,800 crore across southern TN on Saturday. Among the major projects unveiled was the Rs 450 crore new airport terminal designed to handle 20 lakh passengers annually. "Following FTA, 99% of Indian products sold in UK will be tax-free, boosting Indian manufacturing and creating new opportunities. The agreement will serve as a catalyst for industries rooted in TN's traditional strengths, ranging from handlooms to seafood exports," he said, addressing the gathering at the airport. Modi said TN is witnessing unprecedented development under NDA government at Centre. "Infrastructure and energy form the backbone of any state's development. Over past 11 years, the sustained focus on these sectors reflects the priority accorded to the state's progress," he said. The PM said Rs 3 lakh crore was devolved to TN central taxes over the past 11 years, nearly three times what was allotted under previous UPA government. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Urologists: Enlarged Prostate? Every Man Should Stop This 1 Habit! Prostate Health Journal Click Here Undo He inaugurated multiple projects involving road, rail, port, and power sectors. All the launches, including ribbon-cutting of the terminal, were done symbolically from the airport. He flagged off three railway infrastructure upgrades and electrification of the Madurai-Bodinayakkanur line. He also laid the foundation for a Rs 550 crore 765 kV transmission corridor project to evacuate power from Kudankulam Nuclear Power Plant Units 3 and 4. Modi said the global perception of India has shifted significantly. "Today, the world sees its own growth in India's growth," he said. Recalling India's success in Operation Sindoor , he said, "You all recently witnessed the power of ' Make in India ' during Operation Sindoor. Made-in-India weapons played a crucial role in reducing terror hideouts to rubble. Even today, arms manufactured in India continue to shake the sleep of those who shelter terrorism." He said NDA government prioritised the coastal economy, ensuring inclusive development. "TN's growth is a vital component of our vision for a Viksit Bharat," he said. Modi also invoked the memories of freedom fighters and poets, including V O Chidambaranar, Veerapandiya Kattabomman, Alagumuthu Kone, and Subramania Bharati. Modi arrived at Tuticorin airport 7.45pm and was received by governor R N Ravi, Union ministers L Murugan and Ram Mohan Naidu Kinjarapu, TN finance minister Thangam Thennarasu and industries minister TRB Rajaa. The event also witnessed brief political sloganeering between BJP and DMK cadres near the airport.

Central projects will create a ‘developed Tamil Nadu', says Narendra Modi
Central projects will create a ‘developed Tamil Nadu', says Narendra Modi

The Hindu

timean hour ago

  • The Hindu

Central projects will create a ‘developed Tamil Nadu', says Narendra Modi

The Union government-funded infrastructure projects being implemented in Tamil Nadu on an outlay of over ₹3 lakh crore will help the Centre realise its dream of achieving 'Viksit Tamil Nadu', Prime Minister Narendra Modi said on Saturday. Inaugurating the new terminal building at the Thoothukudi airport, he said his government, which had promised a 'Viksit Bharat' (Developed India), was according the highest priority for infrastructure development. Hence, the port, rail and energy sectors were getting an unprecedented facelift nationwide, from Jammu and Kashmir to Tamil Nadu. Mr. Modi said the Centre had released over ₹3 lakh crore since 2014 for strengthening Tamil Nadu's infrastructure to make it 'Developed Tamil Nadu'. This was three times higher than the funding provided by the previous United Progressive Alliance government to the State. He further said the north cargo berth at VOC Port, Thoothukudi; six-lane VOC Port Road; and four-lane Sethiyathope-Chozhapuram Highway would significantly catalyse the trade opportunities and employment generation for the locals. In an apparent reply to Chief Minister M.K. Stalin's recent assertion that the Centre was refusing to allocate funds for Tamil Nadu, he said the thrust being given for infrastructure development in Tamil Nadu by the Centre in energy, road, rail, and port sectors would phenomenally expedite the State's growth while achieving the Centre's goal of 'Viksit Tamil Nadu'. He recalled that the National Democratic Alliance government had sanctioned 11 new medical colleges for Tamil Nadu, and the Centre was also developing harbours to improve their livelihood. Terming India's recent free trade agreement with the United Kingdom (U.K.) as 'historic', Mr. Modi said this agreement would open unprecedented export opportunities for Indian products. 'As more than 99% of the 'Make in India' products will be available in the U.K. at lower prices, the rise in demand will increase production in India and generate more employment in the micro and small industries here. It will enhance the world's faith in India, which will become the third largest economy in the world soon,' Mr. Modi said. He added that home-grown weapon systems, which were used in recent 'Operation Sindhoor', had destroyed the terrorists' hideouts and had given sleepless nights to the sponsors of terror. Governor R.N. Ravi, Union Minister of Civil Aviation Ram Mohan Naidu Kinjarapu, Union Minister of State for Information and Broadcasting L. Murugan, Tamil Nadu Ministers T.R.B. Rajaa, P. Geetha Jeevan, and Anita R. Radhakrishnan and MP Kanimozhi were among those present. State Finance Minister Thangam Thennerasu presented a memento to Mr. Modi on the occasion.

New-Age lending model helping banks to cut costs and meet customer expectations
New-Age lending model helping banks to cut costs and meet customer expectations

Time of India

time2 hours ago

  • Time of India

New-Age lending model helping banks to cut costs and meet customer expectations

Across global financial markets, lending is experiencing a major shift. Borrowers now expect immediacy, personalization, and simplicity in every interaction—whether applying for a personal loan on their mobile device or financing a home, vehicle, or business. However, many banks and financial institutions are hindered by systems designed for a slower, less connected world. A World Bank report estimates that micro, small, and medium enterprises face an annual credit gap of USD 5.2 trillion—about 1.5 times the current lending volume for these businesses. With conversations from banks and lenders, it's clear: Legacy Loan Origination Systems are no longer adequate. They were built to standardize, not to innovate. They offer control—but make it hard to adopt changes. Today, with tech-savvy customers and constantly changing rules, this lack of flexibility has become a drawback. According to a market research, digital lending platforms in India are projected to reach over 500 million customers by the end of 2025, with the lending segment expected to hit USD 1.3 trillion in disbursements, driven by advancements in financial technology and increased smartphone penetration. Hence, what is needed is not just digital enhancement, but a fundamental reinvention of how lending is delivered, scaled, and evolved. This is where the model of Lending-as-a-Service is proving to be a game-changer. Lending-as-a-Service redefines lending not as a static software platform, but as a flexible, cloud-powered ecosystem. It enables lenders to break down the lending process into modular services that can be rapidly configured, deployed, and scaled across various product lines—from personal and auto loans to corporate, housing, and consumer durable finance. By adopting this model, financial institutions are no longer bound by one-size-fits-all workflows or long development cycles. They gain the agility to experiment, personalize, and adapt without overhauling their core architecture. But technology alone is not the differentiator—it's the outcomes that matter. Institutions supported with platforms with Lending-as-a-Service architecture have consistently accelerated their go-to-market timelines, dramatically improved customer satisfaction, and reduced operational costs. We've seen banks launch new retail lending products in a matter of days. We've seen journeys that once required manual underwriting transformed into straight-through processes powered by AI. In several deployments, the cost per loan has reduced by over half, while conversion rates have increased multifold. For instance, a leading financial services provider in India leveraged our platform to launch a digitally native loan journey for Indian customers, covering onboarding, KYC, credit scoring, and disbursal—all within a few days. Another bank in Southeast Asia reimagined its auto finance journey by integrating real-time approvals, e-KYC, and government API linkages into a seamless customer flow. These institutions weren't just digitizing—they were building lending businesses designed for today's customers and tomorrow's challenges. This transformation is also enabling compliance readiness at scale. In regulated markets such as the UAE, India, and Southeast Asia, stakeholders are able to quickly embed policy changes, update product terms, or roll out pre-approved offers—without recoding, retraining, or retesting legacy systems. Thus, the future of lending will belong to those who are agile, responsive, and deeply aligned with the needs of their borrowers. Lending-as-a-Service offers a pathway to that future—a model that is not only more adaptive but also more resilient in the face of change. At the core of this shift is a new generation of lending platforms — modern, unified lending infrastructure built for speed, scalability, and intelligence. To illustrate, our platform, built on a microservices-based, cloud-native foundation, enables institutions to launch and iterate with confidence. With the ability to integrate more than 175 APIs, our ecosystem supports real-time connectivity with internal banking systems, fintech partners, government APIs, credit bureaus, fraud detection engines, and compliance tools. Additionally, this allows banks and financial institutions to no longer be constrained by what their systems can support—they are empowered to lead with what their customers demand. The transformation is not incremental. It is structural. And it is happening now. It's time to reimagine lending and reinvent success. By Ravish Pandey, Head of Product Innovation, and Sachin Gupta, Head of Client Accounts and Engagement at BUSINESSNEXT AI Masterclass for Students. Upskill Young Ones Today!– Join Now

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store