Latest news with #HyundaiMotorIndia
Time of India
a day ago
- Automotive
- Time of India
Hyundai Motor India gets Rs 517.34 cr tax, penalty demand from GST authority
Synopsis Hyundai Motor India has received a demand of Rs 517.34 crore from tax authorities, including a penalty, for allegedly underpaying GST compensation cess on specific SUV models between September 2017 and March 2020. The company disputes the demand, citing favorable clarifications from the CBIC, and plans to pursue legal remedies.
Economic Times
a day ago
- Automotive
- Economic Times
Hyundai Motor India gets Rs 517.34 cr tax, penalty demand from GST authority
Synopsis Hyundai Motor India has received a demand of Rs 517.34 crore from tax authorities, including a penalty, for allegedly underpaying GST compensation cess on specific SUV models between September 2017 and March 2020. The company disputes the demand, citing favorable clarifications from the CBIC, and plans to pursue legal remedies.
Mint
a day ago
- Automotive
- Mint
Hyundai Creta celebrates 10 years. Here's a look at the popular SUV
The Hyundai Creta has completed ten years in the Indian market, having first launched in July 2015. Over the past decade, the SUV has gone from being a newcomer in the mid-size segment to becoming a consistent performer in terms of volume and visibility, reflecting broader changes in consumer preferences and the SUV market in India. The Creta entered a space that, at the time, had just two prominent players. By 2025, that number has grown to over a dozen models, underscoring the rise in demand for mid-size SUVs. Despite increased competition, Hyundai has managed to maintain the Creta's position at or near the top of the sales charts every year since launch. In India, the SUV competes with rivals like the Honda Elevate, Kia Seltos, Maruti Suzuki Grand Vitara, Toyota Urban Cruiser Hyryder, and Skoda Kushaq. According to Hyundai Motor India, the Creta has sold over 12 lakh units in the domestic market since its debut. In 2016, it recorded 92,926 units in annual sales, which nearly doubled to 1,86,919 units by 2024. In the first half of 2025, it was among the top-selling SUVs and even led overall vehicle sales in three of those six months. Internal figures shared by the company suggest the Creta holds over 31 per cent of the mid-size SUV market. Notably, its share of first-time car buyers has increased from 12 per cent in 2020 to 29 per cent in 2024, while sunroof-equipped versions made up about 70 per cent of its sales in early 2025, indicating a broader shift in buyer expectations and priorities within the segment. The Creta's decade-long run coincides with a significant transformation in how Indian buyers view SUVs. Features like panoramic sunroofs, connected car tech, and multiple engine-transmission options have become increasingly important. As the mid-size SUV category expands with newer entrants across price bands, the model's continued relevance points to the changing criteria by which customers now evaluate vehicles. The Creta is also exported to over 13 countries, with 2.87 lakh units shipped overseas. It's available with petrol, diesel, turbo-petrol, and electric powertrains, and comes with both manual and automatic transmissions.
Hindustan Times
2 days ago
- Automotive
- Hindustan Times
Hyundai Creta completes 10 years in India with over 12 lakh units sold
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
Time of India
2 days ago
- Automotive
- Time of India
Hyundai Creta marks 10 years with 1.2 mn sales in India
Hyundai Motor India has marked the tenth anniversary of its popular mid-size SUV, the Creta , with cumulative sales crossing 1.2 million units in the domestic market since its launch in July 2015. The Creta has maintained its position as the one of the best selling mid-size SUV in India every calendar year since launch, and currently holds a market share of over 31 per cent in the segment. It was also India's best-selling SUV between January and June 2025, topping overall vehicle sales in three of those six months. Sales of the model have more than doubled over the past decade—from 92,926 units in 2016 to 1,86,919 units in 2024. Sunroof-equipped variants now make up roughly 70 per cent of total Creta sales, reflecting shifting consumer preferences. Hyundai has also noted a significant rise in first-time car buyers opting for the Creta , with their share rising from 12 per cent in 2020 to 29 per cent in 2024. An upgrade to Creta The Creta is offered in petrol, diesel, turbo-petrol and electric powertrain options, with both manual and automatic transmissions. Hyundai exports the made-in-India model to 13 countries, with more than 2.87 lakh units shipped abroad so far. Over the years, Hyundai has introduced several feature upgrades and launched special editions such as the Knight and Adventure variants to appeal to a broader range of buyers. The brand has also repositioned the SUV over time—from the 'Perfect SUV' in 2015 to 'The Undisputed Ultimate SUV' in 2024. To mark the 10-year milestone, Hyundai has announced a set of celebratory activities, including a user-generated content campaign titled 'Creta X Memories' and a 100-car legacy drive scheduled to begin from the company's Gurugram headquarters on July 26.
