Hyundai to export India-made Creta to cash in on SUV demand
* Hyundai to export 13,000 Creta SUVs from India in 2015
* Compact SUV sales in India seen at 970,000 by 2020-IHS
* Hyundai ups 2015 India sales target to 480,000 vehicles
By Aditi Shah
NEW DELHI, July 21 (Reuters) - South Korea's Hyundai Motor Co will export its India-made Creta sport-utility vehicle (SUV) to markets elsewhere in Asia and beyond, aiming to tap booming demand for all-terrain cars and boost global sales, a top executive said.
Launching its first SUV in India, Hyundai said it would export the car to markets including Latin America, the Middle East and Africa starting this year, according to Byungkwon Rhim, senior vice president at Hyundai's international sales division.
"Our global sales network and channel partners are strongly demanding for Creta launching in their countries. This will create new additional sales globally," Rhim said.
Hyundai and affiliate Kia Motors Corp, together the world's fifth largest automaker by sales, expect to sell 8.2 million vehicles in 2015 -- a 2.5 percent increase from a year ago, its lowest growth since 2003.
While rival automakers have made the most of the SUV boom, spurred in part by cheaper fuel, Hyundai has grappled with a lack of production capacity and absence of new models in the segment -- a gap it is looking to fill quickly. Continuación...