Hyundai targets annual sales of 250,000 units from new Bayon, Creta
Reported by Business Standard, not nibnow. We are not the publisher; this is a short summary that may be AI-assisted and can contain mistakes. Read the original for the full story. Publisher or rights holder? Request removal or a correction.
Hyundai's goal of selling 250,000 units of its new Bayon and Creta could capture a sizable share of the mid-size utility vehicle market, which moved about 900,000 units last year, affecting competition and consumer choice.
Hyundai has set a specific annual sales target of 250,000 units for its new Bayon and Creta models. This objective is situated within the broader context of the mid-size utility vehicle market, which encompasses both SUVs and MPVs with lengths ranging from four to 4.4 meters. According to data provided by Siam, this particular vehicle segment achieved total sales of approximately 900,000 units during the most recent financial year. The manufacturer is aiming to capture a significant portion of this established market share with the introduction of these two specific vehicles, positioning them to compete effectively within the defined size category for the coming period.
The mid-size utility vehicle segment includes SUVs and MPVs that are 4 to 4.4 meters long and is a major growth area for car makers, with annual sales nearing a million units in the region.
- •Hyundai's quarterly sales reports for the Bayon and Creta
- •Reactions from rival manufacturers in the same vehicle segment
- •Overall demand trends in the mid-size utility vehicle market