Why Korean carmakers eye India’s growing market for SUV?

To strengthen its position in the Indian SUV market, South Korean car manufacturer Hyundai Motor India launched its new SUV – Creta.

The all-new SUV is one of the much awaited SUV of Hyundai cars in India, which had already secured 15,000 pre-bookings before its launch in late July.

The Indian market for sports utility vehicles has been growing at about 15 percent annually over the past four years.

The compact SUV segment has been registering an exuberant growth of about 30 percent a year. The growing pie of compact SUV in India has caught the attention of Hyundai.

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