It is nearly 20 years since India saw a carmaker getting listed on the stock exchange, and this time, it is a South Korean automaker Hyundai Motor India.

The automaker aims to raise upto INR 278 billion by offloading 17.5 percent stake at a price band in the range of INR 1,865 to INR 1,960 per share.

The issue will be available for subscription between 15 October to 17 October, 2024.

This will also make it the largest IPO (Initial Public Offering) in India till date, surpassing Life Insurance Corporation of India’s INR 210 billion IPO that debuted in May 2022; and the biggest IPO listing for 2024 in the world.

Hyundai Motor India, will become the latest automaker in India to debut on the stock exchange, after Maruti Suzuki India’s debut in 2003.

What’s interesting to note is that the funds raised by the company’s parent company Hyundai Motor Group, which then is expected to re-invest the funds in the company, but the exact quantum and timeline has yet to be clarified.

The IPO comes at a time when the Indian stock market is seeing huge traction with lot many new companies entering the foray. Hyundai Motor Group sees India as a huge growth market, that not only contributes to 6 percent of the company’s global revenues but also acts as a leading exporter for the Asian market.

The company has company a long way since it first introduced the Santro hatchback in 1998 and has made a prominent name for itself as the second largest car maker in India for over two decades, and the largest passenger vehicle exporter.

In FY2024, the company reported wholesales of 777,876 units, which marks 13 percent CAGR growth over FY2022 and FY2023; similarly, the average selling price has increased from INR 666,455 to INR 771,840; FY2024 revenue growth of 47 percent over FY2022 and net income growing from INR 29,016 million to INR 60,600 million in FY2024 respectively.

Hyundai Motor India aims to deploy the new funds (potential investment from Hyundai Motor Group) towards building new products, investment in new technologies and R&D in the country.

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Kia India, one of the leading passenger vehicle manufacturers, has announced the addition of the HTE(EX) trim to its Carens Clavis (ICE) range at prices starting INR 1.25 million for the G1.5 petrol, INR 1.34 million for the G1.5 turbo-petrol and INR 1.45 million for the D1.5 diesel model (all ex-showroom). This introduction aims to provide features across various powertrains while maintaining affordability.

The variant is available exclusively in a 7-seater configuration across all internal combustion engine options. Notably, the HTE(EX) trim introduces a sunroof to the G1.5 petrol powertrain of the Carens Clavis for the first time.

Positioned above the HTE(O) trim, the HTE(EX) includes several comfort and convenience updates. These features comprise a skylight electric sunroof, fully automatic temperature control (FATC) and LED daytime running lights (DRLs) with position lamps. Interior updates include LED cabin lamps and an auto up/down function for the driver-side power window. These additions are intended to increase the accessibility of such features to a broader customer base.

Atul Sood, Senior Vice-President – Marketing & Sales, Kia India, said, “The introduction of the HTE (EX) trim for Carens Clavis (ICE) range is a direct outcome of listening closely to our customers and understanding what they value most. By incorporating comfort and convenience features that they have actively want, including the first-ever skylight sunroof in the G1.5 powertrain of Carens Clavis – and offering them across all powertrains, we are making our Carens Clavis lineup an even more compelling choice for families. This move underlines our strong customer-centric approach and our commitment to strengthening Kia’s presence in the highly competitive Indian automotive market.”

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French automaker Renault has unveiled the Filante, a premium crossover designed to lead the brand's 2027 International Game Plan. Developed on the CMA platform, the vehicle marks Renault's return to the premium E-segment. The model will launch in South Korea in March 2026, followed by releases in South America and the Gulf states by early 2027.

The Filante name draws on Renault's history, referencing the Étoile Filante speed record prototype of 1956 and the 2025 electric concept car. The vehicle is manufactured at the Busan plant in South Korea, a facility central to Renault’s strategy for the Asian and Middle Eastern markets.

The exterior features an avant-garde style with a specific light signature and an aerodynamic stern. Inside, the cabin includes lounge seating, customisable lighting, and a sound system designed for audiophiles. The digital environment is supported by the My Renault app, which allows for remote vehicle control and transparent software updates.

The Filante introduces a suite of driving aids to the Renault range, including Emergency Steering Assist, a Smart Rearview Mirror and Child Presence Detection. These systems are integrated into a connected cockpit designed to provide a personalised experience for the driver and passengers.

The vehicle debuts an upgraded full hybrid E-Tech 250 ps powertrain. This system utilises a dual electric drive and a Multimode Auto gearbox to balance power with efficiency. The architecture, developed through the Renault-Nissan-Mitsubishi Alliance, is optimised for hybrid performance to meet the targets of the 2027 International Game Plan, which aims for one in every three Renault sales outside Europe to be electrified.

Nicolas Paris, CEO, Renault Korea, said, “Renault Filante represents the best of what Renault group and Renault Korea can achieve together. Combining Renault's global DNA in design and innovation with the technical excellence of Renault Korea, it is backed by the advanced capabilities of the Korean automotive industry.”

Fabrice Cambolive, Chief Growth Officer Renault Groupe, and CEO Renault Brand, added, "We are opening a new chapter in the Renault International Game Plan 2027, here in Korea which plays a central role in our global ambitions. After the launch of Grand Koleos in October 2024, we are now about to unveil another flagship for Korea: Filante, the fifth new-generation vehicle of our international plan, designed for markets beyond Europe. Today is an important milestone, because it proves one thing very clearly: we are sticking to our roadmap and delivering on our promises. Filante perfectly illustrates our approach, combining Renault's French DNA - emotional design, humanised technology and best in class electrified technology - with Korean excellence to meet local customer expectations."

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Kia India, one of the leading passenger vehicle manufacturers, has signed a Memorandum of Understanding (MoU) with Avis Leasing to expand its Kia Lease Program.

The agreement represents Kia’s third partnership in the sector, following previous arrangements with Orix India and Ayvens India. The collaboration is intended to increase brand accessibility by offering mobility options that bypass traditional vehicle ownership.

The Kia Lease program targets customers with long-term requirements by providing tenures between 36 and 60 months with various mileage limits. The service allows users to access vehicles without an initial down payment. The monthly lease fee covers maintenance, insurance renewals and resale management, intended to provide a simplified experience for the user.

Under the terms of the agreement, customers have the option to return the vehicle or upgrade to a different Kia model at the conclusion of the contract. The initiative, which launched in 2024, aligns with shifting consumer preferences towards usage-based models rather than asset ownership. By integrating with established leasing firms, Kia aims to create a scalable platform that generates demand outside of standard retail sales.

Atul Sood, Senior Vice President - Sales & Marketing, Kia India, said, “At Kia India, we recognise the Leasing and Subscription space emerging as an important growth driver in the Indian auto industry. Our partnership with Avis Leasing reflects our efforts towards strengthening Kia Lease as a scalable platform that addresses evolving customer needs while creating incremental demand beyond traditional ownership. Through such collaborations, we aim to build a strong, sustainable mobility business aligned with our long-term growth strategy in India.”

Aman Naagar, Managing Director, Avis India, said, “We are pleased to partner with Kia India on a collaboration that reflects a shared commitment to redefining corporate mobility in India. By combining Kia’s future-ready product portfolio with AVIS India’s pan-India leasing and fleet management platform, we enable organisations to access scalable, flexible, and efficient mobility solutions aligned with their long-term business objectives. This partnership brings together two organisations with complementary strengths: Kia’s strong product innovation and AVIS India’s nationwide leasing and fleet management capabilities to build a modern mobility ecosystem that supports the evolving needs of corporate customers across India.”

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Czech automaker Skoda Auto has announced that its upcoming all-electric seven-seater flagship model will be named the Peaq.

The vehicle represents the series production version of the Vision 7S concept first introduced in 2022. The name is intended to signify the model’s position at the summit of the Czech manufacturer's vehicle portfolio.

The Peaq incorporates the brand’s Modern Solid design language, which focuses on sustainability and functional aesthetics. Engineered for families and travel, the interior features seven seats and focuses on space and practicality. The model integrates the company's ‘Simply Clever’ solutions and marks an expansion of the Skoda electric vehicle range.

The development of the Peaq follows the brand's shift toward a refined product identity. By bringing the Vision 7S concept into production, Skoda aims to provide a vehicle that balances work and leisure requirements. The flagship is designed to meet user-friendliness standards while utilising the company's latest electric platform technology.

Martin Jahn, Skoda Auto Board Member for Sales and Marketing, said, “With the Vision 7S, we entered new territory for Skoda, with a clear idea of how to elevate the brand. Since then, we have introduced a new design language and further refined our product identity. Now we are bringing this innovative vehicle concept to life. Our new flagship model takes our brand values of spaciousness and practicality to a whole new level. As of today, our bold vision for Skoda’s electric future has a name: Peaq - a clear statement of where this model belongs in our portfolio.”

The world premiere of the Skoda Peaq is scheduled for summer 2026. This launch will follow four years of development since the initial debut of the design direction.

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