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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The Honda India Foundation handed over 101 Emergency Response Vehicles to the Mumbai Police at a ceremony held in Worli, Mumbai. The deployment includes 100 Honda CB350 motorcycles and one Honda Elevate vehicle modified for police use to support patrolling and field response capabilities in Mumbai.

The flag-off ceremony took place in the presence of Mohd. Suvez Haque, IPS, Joint Commissioner of Police (Administration), Mumbai; Piyush Mittal, Vice-President & Operating Head, General Affairs & Corporate Affairs, Honda Cars India; Rajeev Taneja, Operating Officer, Honda India Foundation and representatives from the police and the foundation.

The motorcycles are equipped with sirens, public-address systems, LED emergency lights, front display boards, windscreens and storage boxes. The Honda Elevate has also been customised for police duties.

This deployment forms part of the Honda India Foundation programme, ‘Sadak Sahayak – Surakshit Marg, Surakshit Jeevan.’

With this handover, the foundation has deployed a cumulative 613 motorcycles to support police mobility and field operations across India.

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Hyundai Motor India, one of the leading passenger vehicle manufacturers, has announced the 19th edition of the India Couture Week.

The event, in its fourth consecutive year in partnership with the Fashion Design Council of India will run from 23rd to 29th July 2026.

For the first time, the event commences with a showcase by designer Anamika Khanna at the Taj Falaknuma Palace in Hyderabad on 23rd July 2026. Subsequent showcases take place at the Taj Palace in New Delhi from 24th to 29th July 2026, featuring designers including Falguni Shane Peacock, Rohit Bal, House of Masaba, JJ Valaya, Tarun Tahiliani, Roseroom by Isha Jajodia, Rimzim Dadu, Arpita Mehta, Kunal Rawal, Dolly J, Jayanti Reddy, Aisha Rao and Rahul Mishra. The event will also include a display of the IONIQ 5.

Tarun Garg, MD & CEO, Hyundai Motor India, said, “As we celebrate 30 remarkable years of driving progress in India, we are delighted to continue our partnership with the Fashion Design Council of India for the fourth consecutive year at Hyundai India Couture Week 2026. This enduring association reflects our shared belief that exceptional design, innovation and craftsmanship have the power to inspire and create meaningful experiences. At Hyundai, design goes beyond aesthetics, it is at the heart of how we shape future mobility. Through platforms like India Couture Week, we are proud to celebrate India’s vibrant creative talent while strengthening our connection with discerning customers who value innovation, style and excellence. As we look ahead, we remain committed to enriching lives through smart mobility solutions and meaningful collaborations that reflect the aspirations of a new India.”

Sunil Sethi, Chairman, FDCI, said, "Our partnership with Hyundai Motor India enters its fourth successful year, reflecting a shared commitment to design excellence, innovation and craftsmanship. Hyundai India Couture Week has evolved into India's most prestigious and awaited couture platform, championing the artistry of our designers and artisans while setting new benchmarks for creativity season after season. We are proud to once again present the 19th edition that celebrates the richness of Indian couture, while shaping the future of global luxury fashion."

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Czech automaker Skoda Auto India has added two dual-tone colour options, Shimla Green and Steel Grey, to the Slavia Monte Carlo range. The limited edition is restricted to 200 units and will be available in the 1.0 AT and 1.5 DSG variants.

The Monte Carlo version features blacked-out exterior styling elements and a black and red interior theme. Customers can select between a 1.0-litre TSI engine paired with a 6-speed torque converter automatic transmission and a 1.5-litre TSI engine paired with a 7-speed DSG. The 1.5-litre unit includes Active Cylinder Technology and Plasma-Coated Cylinder Liners.

Ashish Gupta, Brand Director, Skoda Auto India, said, “The Slavia Monte Carlo has been well received by customers for its distinctive design, premium appeal, engaging driving dynamics and strong connection to our motorsport heritage. We are further enhancing the individuality and desirability of the Monte Carlo range, offering customers greater choice and exclusivity. The Slavia Monte Carlo continues to embody the perfect blend of style, performance, and modernity. We will continue to strengthen our sedan portfolio, in line with the evolving aspirations of our customers.”

The Monte Carlo trim pays homage to Skoda's involvement in the Rallye Monte Carlo.

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Stellantis-owned French automotive brand Citroen India has announced the launch of the Basalt X Comfort Edition, priced from INR 875,000.

The new edition is introduced as part of the brand's 108th anniversary celebrations and marks the extension of Citroen’s Comfort philosophy to the Basalt lineup.

The Basalt X Comfort Edition features Metropolitan Beige Leatherette Seats as standard and introduces curated Comfort AXS Packs. These packages include equipment such as JBL Audio, dash cameras, a reverse parking camera, a wireless charger and a 10-inch Android touchscreen.

Kumar Priyesh, Business Head & Director – Automotive Brands, Stellantis India, said, "At Citroen, comfort has always been at the heart of everything we do. As we celebrate Citroen's 108th anniversary globally, the introduction of the Basalt X Comfort Edition further reinforces our commitment to bringing comfort-led innovation to Indian customers. Following the encouraging response to the Aircross Comfort Edition, we are extending this philosophy to the Basalt, making premium comfort features more accessible across our portfolio. The Basalt X Comfort Edition combines premium factory-fitted interiors with thoughtfully curated Comfort AXS Packs that enhance convenience, technology and personalisation – delivering greater value and an ownership experience that truly reflects Citroen's Advanced Comfort philosophy."

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