The IPO, which will be India's biggest ever, opens to investors next week and will involve the South Korean parent company selling up to a 17.5 per cent stake in its Indian division
Hyundai aims to reach production of about 1 million units a year with the acquisition of a former General Motors plant in western Maharashtra state
Hyundai Motor India IPO: Size, price band, lot size, key dates, GMP, objectives, and more - Everything you need to know about India's largest initial public offering
The $3 billion IPO will open for subscriptions for big institutional investors on Oct 14, and invite bids from retail and other categories during Oct 15-17
IPO pipeline for the remaining part of CY24 remains strong. 25 companies plan to raise nearly Rs 63,550 crore and have Sebi's approval
India is the third-biggest revenue generator globally for Hyundai after the U.S. and South Korea
As car demand slows in India, dealer stock levels across the entire industry have surged to alarming heights. Garg, however, indicated that the situation is under control at HMIL
Hyundai Motor India on Monday said its sports utility vehicle portfolio accounts for 67 per cent of its overall sales, surpassing the industry average of 53 per cent. The company, which on Monday introduced a new version of its seven seater SUV Alcazar, said SUV sales continue to see an upward trend in the country. "As India's love for SUVs grows, our SUV penetration continues to grow. Presently, our SUV penetration stands at 67 per cent, far surpassing the industry average of 53 per cent," Hyundai Motor India MD Unsoo Kim told reporters here. The company's midsize SUV Creta, whose latest version was introduced earlier this year, has already surpassed the milestone of one-lakh-unit sales mark, he added. The automaker remains committed to providing sustainable and convenient mobility solutions, Kim said. The new Alcazar comes in both petrol and diesel trims. The price of petrol variants starts at Rs 14.99 lakh while that of diesel commences at Rs 15.99 lakh (ex-showroom Delhi).
Reportedly, Hyundai is unlikely to make any changes under the hood, meaning the refreshed Alcazar retains its 1.5-litre turbo-petrol and 1.5-litre diesel engine options
Automobile major Hyundai Motor India has rolled out two new variants on its popular entry level sports utility vehicle EXTER, the company said on Friday. The S(O)+ variant, equipped with manual transmission is priced at Rs 7,86,300 (ex-showroom) while S+ variant is an automated manual transmission (AMT) offered at Rs 8,43,900 (ex-showroom). Some of the key features of the newly added variants include smart electric sunroof, digital cluster with Colour TFT multi-information display, an 8" touchscreen infotainment system with Android Auto and Apple CarPlay, rear air-conditioner vents among others. In a company statement, Hyundai said the new EXTER variants come with six air bags, 3-point seatbelts for all seats, tyre-pressure monitoring system, Electronic Stability control among others. Hyundai Motor India, in August, reported a 12 per cent year-on-year decline in its sales to 63,175 units as compared to 71,435 units sold in the same month of last year.
The SUV rollout will begin with its first India-made electric vehicle early next year
The automaker, however, warned of an uncertain outlook due to intensifying price competition as inflation and high interest rates squeeze consumers
Back home, out of the last seven big IPOs to hit the Dalal Street (D-Street) since 2007, the Sensex has lost ground five times post the stocks of these companies debuted at the exchanges
Hyundai Motor India IPO: How does Hyundai compare with Indian listed peers? Check key metrics here
Government of India has proposed to reduce GST on hybrid passenger vehicles to 5% and 12% on flex engines, while GST on diesel and petrol vehicles will remain at 28%
According to the company's DRHP, it sources parts such as trims, engines and transmissions, and materials such as steel from a combination of domestic and foreign suppliers
Creta EV and three other electric cars to be launched in India, it added
Hyundai Motor India sought regulatory approval on Saturday to list on the Mumbai stock market in what could be the biggest IPO in the South Asian nation
If the listing proceeds as planned, this transaction would become the largest IPO in India's corporate history, surpassing the previous record set by the state-owned LIC's $2.7 billion listing in 2022
Likely to dilute 17.5% stake in country's biggest initial share sale