Hyundai Motor India IPO allotment: Check status; GMP shows weak listing
Hyundai Motor IPO Allotment: Hyundai India's shares in the grey market are now trading at a discount of around Rs 30 against the upper end of the IPO price of Rs 1,960 Hyundai plans 1,500 cr modernisation at Chennai factory
Plan to enhance manufacturing processes, integrate advanced tech, and increase overall output
Hyundai India IPO subscribed 20% on Day 2 so far. GMP rises to 3%. Check details
Hyundai India's Rs 27,870 crore IPO was subscribed 20% by the second day. Retail investors led with 29% subscription. The offer is an OFS with all proceeds going to Hyundai Motor Global. Analysts recommend subscribing for long-term gains citing Hyundai's strong brand and growth prospects.
Can Hyundai outpace Maruti in the long run? Shashank Kanodia answers
Secondly, these guys have largely driven the SUV drive in India. So, as a percentage of sales domestically, 60% of sales in the SUV segment, but for Hyundai Motors India, it has been roughly 63%. They consistently have doing 20% of exports vis--vis the rest of the counterparts and largely in terms of margins. Hyundai Motor India's growth engine roars on SUVs, capacity expansion
The carmaker's short-term gains may stall in neutral over high valuations Will be exploring opportunities for exporting EV: Hyundai Motor India's COO
IPO-bound Hyundai Motor India Ltd will explore opportunities for exporting its upcoming electric vehicles from the country to other similar markets to enhance its position as a production hub for emerging markets, according to a senior company official. The company is lining up four electric vehicles to be launched in future, including the electric version of its popular SUV Creta by Q4 FY25, in the mass and 'mass premium' segments. "We are a very strong production hub for emerging markets. We are exporting to 80 plus countries. As far as EVs are concerned, it will, of course, depend on the demand but we are always open to look at any product, which we introduce in India, for exporting it to the other market as well," Hyundai Motor India Ltd (HMIL) COO Tarun Garg told PTI. He was responding to a query on whether the company will export its EVs planned to be launched in India in the future. "In terms of EV (exports) it will depend on the infrastructure. It will depend on the deman IPO aimed at further localising India operations: Hyundai Motor India COO
The upcoming Rs 27,870 crore initial public offering of the Indian arm of South Korean automaker Hyundai, the first such instance of the company listing its subsidiary in an overseas market, is aimed to further Indianise operations, a senior company official said on Friday. Hyundai Motor India Ltd's initial public offering (IPO), the largest in the country's history, will open for public subscription on October 15 and conclude on October 17. Anchor investors will bid on October 14. "We have been in India now for more than 26 years. We have a very high market share. We are at number two position in India in the passenger vehicle space. We have got so much love and affection from the people of India. So we believe this is the right time to take one step forward and even further Indianise our operations," Hyundai Motor India Ltd (HMIL) COO Tarun Garg told PTI. He further said," The whole aim is to really become the most trusted brand of India." Garg was responding to a query behind 'If we see demand for EVs in any of our export mkts, we are open to export'
Unsoo Kim, president, CEO and MD, Wangdo Hur, executive director and CFO, and Tarun Garg, whole time director and COO of Hyundai Motor India outline their plans