Hyundai India has announced top level management changes in the company. Mr. Y.K. Koo, will assume the responsibilities of ‘Managing Director’ from Mr. B.S. Seo, who is set to return to the Hyundai Motor Company Head Quarters, Seoul after 5+ years in India. In other changes, Mr. B.S. Jeong will assume the charge of Executive Director Sales & Marketing, relieving Mr. Y. J. Ahn, who will henceforth lead the Corporate Affairs team of HMIL, replacing Mr. Y.K. Lee, who is set to return to Korea.
The changes are effective from 8th Nov 2015. Just so you know, Mr. Koo has served earlier in India and is back again for his third stint. In other news, Hyundai Creta's waiting period has come down to 3 months from 10 months as the company has ramped up the production from 5000 units to 7000 units. Furthermore, the South-Korean automaker is planning to produce 9000-10000 units of the compact SUV from December 2015 to cater the massive demand and cut the waiting period. For those wondering, Hyundai Creta registered 10,000 pre-orders even before its launch, while it amassed 56,000 bookings within two months of its launch.
Hyundai India recently hiked the prices of Creta by Rs. 20,000 to make more profit. The Creta compact SUV was launched in a price bracket of Rs. 8.59-13.60 Lakhs (Ex. Showroom, New Delhi). In September 2015 sales, around 7300 units of Creta were sold, while its arch rival Renault Duster could only manage a paltry 1009 units. Just so you know, Hyundai is all set to introduce a new MPV in India next year. The MPV in works would be based on the Grand i10 hatch, while previewing HexaSpace concept. It would be pitted against the likes of Honda Mobilio, Maruti Ertiga, Toyota Innova and Renault Lodgy. Quite identical to Creta, it would be manufactured at company's production facility in Chennai with high level of local content.