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.

Comments (0)

ADD COMMENT

Link Copied!

Kia India, one of the leading passenger vehicle manufacturers, has recorded its highest-ever May wholesale volume since entering the market, delivering 27,586 units.

This represents a 23.6 percent YoY growth compared to the 22,315 units sold during the same month last year.

The sales volume was led by the Seltos SUV, which has maintained monthly wholesales above the 10,000-unit threshold since its launch in January. The SUV holds a 5-star Bharat NCAP safety rating. Furthermore, the Sonet C-SUV remained a contributor supported by expanded automatic transmission options across its petrol and diesel variants.

Additional sales momentum was driven by the newer iterations in the lineup, including the Carens Clavis, the all-electric Clavis EV, and the updated MY26 Syros. The Syros model saw an encouraging consumer response following revisions to its variant hierarchy and the broader availability of automatic gearboxes.

To lower entry barriers for its electric vehicles, Kia India has deployed a Battery-as-a-Service (BaaS) procurement channel. This operational initiative alters ownership dynamics by separating the upfront vehicle acquisition cost from the battery asset.

At present, Kia India's sales and service operations are supported by a domestic retail footprint that includes 891 corporate touchpoints distributed across 402 cities. This network handles sales, maintenance, and ownership support in both urban and emerging regional markets. Furthermore, the company operates 130 Certified Pre-Owned vehicle outlets to manage trades, customer vehicle exchanges, and residual value transactions.

Atul Sood, Senior Vice-President of Sales & Marketing, Kia India, said, “Our highest-ever May sales performance reflects the strong alignment of our product portfolio with evolving customer preferences across segments. The continued strong demand for the new Seltos along with Sonet, coupled with the encouraging response to the Carens Clavis, Clavis EV and the MY26 Syros, has helped us sustain our growth momentum. At the same time, recent initiatives like our Battery-as-a-Service (BaaS) program are playing an important role in making electric mobility more accessible and practical for customers. As we continue to strengthen our presence across the country, our focus remains on delivering innovative products, premium ownership experiences and technologies that are relevant to the evolving needs of Indian consumers.”

Comments (0)

ADD COMMENT

Link Copied!

Toyota Kirloskar Motor (TKM), one of the leading passenger vehicle manufacturers, has announced its wholesale sales of 33,128 units in May 2026, up 7 percent YoY, as compared to 30,864 units sold in May 2025.

The wholesales include 30,574 units in the domestic market, up 4 percent YoY, as compared to 29,280 units, while exports came at 2,554 units, up 61 percent YoY, as compared to 1,584 units a year ago.

Sabari Manohar, Executive Vice-President, Sales-Service-Used Car Business, Toyota Kirloskar Motor, said, “Our sales performance in May 2026 reflects the positive market acceptance of Toyota’s offerings and overall ownership experience. The sustained demand across our product portfolio highlights a growing preference for quality, reliability and advanced technologies. This month marked a significant milestone as we crossed 300,000 Strong Hybrid Electric vehicle (SHEV) sales in India, underscoring the growing acceptance of SHEV technology and cleaner mobility solutions. This achievement further strengthens our commitment to advancing sustainable mobility through a multi-pathway approach. We will continue to focus on innovation that aligns with evolving customer needs while delivering long-term value and contributing meaningfully to India’s transition towards carbon neutrality.”

Comments (0)

ADD COMMENT

Link Copied!

Maruti Suzuki India (MSIL), the country’s largest passenger vehicle manufacturer, has reported its best-ever monthly sales volume, delivering a total of 242,688 units in May 2026, up 35 percent, as against 180,077 units last year.

The milestone performance was anchored by an all-time high in domestic sales, which reached 193,535 units for the month, up 40 percent YoY.

Interestingly, sales to Toyota Motor Kirloskar saw a decline of 29 percent YoY to 7,239 units. While, exports grew by 34 percent to 41,914 units.

In the domestic market, Maruti Suzuki India saw growth across categories, including Mini (+140 percent YoY), compact & mid-size (+32 percent YoY), SUVs (+44 percent YoY) and Vans (+7 percent YoY).

In the light commercial vehicle (LCV) space, the Super Carry registered monthly sales of 3,198 units.

Comments (0)

ADD COMMENT

Link Copied!

JSW MG Motor India, one of the leading passenger vehicle manufacturers, has announced its wholesale sales for May 2026.

The company sold 6,048 units last month, down 4.06 percent, as compared to 6,304 units for the same period last year.

JSW MG Motor India attributed the ongoing global supply chain disruptions, rising commodity prices and a rise in freight tariffs that have impacted demand.

On the other hand, the company is looking to drive further growth with its recently introduced Majestor SUV, which replaces the outgoing Gloster as the flagship IC-powered vehicle in the carmaker's domestic lineup. The SUV is available in two drivetrain configurations. The 4x2 Automatic Top Trim is available in 6-seater and 7-seater layouts, while the 4x4 Automatic Top Trim, priced at INR 4.49 million (ex-showroom), can be had only in a 7-seater layout.

Comments (0)

ADD COMMENT

Link Copied!