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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BMW ALPINA has presented its identity as a brand under the custodianship of the BMW Group. The move follows a brand activation in January and establishes a framework for the production and design of future models.

The company said going forward BMW ALPINA vehicles will be manufactured within BMW Group plants that have been modified to meet the brand's specifications. This production integration allows for personalisation options, enabling customers to customise vehicle details.

Standard features for the marque will include leather interiors available in multiple colours. The brand will maintain signature design elements, including the 20-spoke alloy wheel design and a specific exterior colour palette.

Heritage and Emblem Design

The new emblem reinterprets the historical throttle body and crankshaft elements. The design utilises linework and a transparent execution to create a silhouette with reduced colouring. This badge, combined with the recently revealed wordmark, forms the brand's updated iconography.

The brand's engineering focus remains on combining high-speed performance with ride comfort, specifically for long-distance travel.

The modernisation aims to balance ALPINA's history of power and discretion with BMW Group's production capabilities. The company states that the manufacturing shift to BMW Group plants ensures the standards of the brand are maintained while increasing the scope for material selection and interior curation.

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German luxury automotive brand BMW Group India has introduced the petrol-powered X3 30 xDrive M Sport Pro at INR 7.45 million (ex-showroom), which is locally produced at the BMW Group Plant Chennai. This new variant expands the X3 portfolio, joining the existing xDrive 20 petrol and xDrive 20d diesel models.

The BMW X3 30 xDrive M Sport Pro is equipped with a 2-litre, four-cylinder petrol engine featuring TwinPower Turbo technology and 48V mild-hybrid systems. It delivers 258 hp and 400 Nm of torque, enabling acceleration from zero to 100 kmph in 6.3 seconds. Power is managed via an eight-speed Steptronic transmission and the xDrive all-wheel-drive system.

It gets adaptive suspension with electronically controlled dampers as standard, allowing drivers to toggle between Sport and comfort-oriented settings.

In terms of dimensions, the X3 30 xDrive M Sport Pro measures 4,755 mm in length and 1,920 mm in width. The exterior features a blacked-out kidney grille with ‘Iconic Glow’ illumination and adaptive LED headlights. The M Sport Pro package adds – 20-inch M alloy wheels, M Sport brakes with red calipers, M Aerodynamic package with air intakes and M Lights Shadowline with a tinted finish.

The cabin features the BMW Curved Display, consisting of a 12.3-inch information display and a 14.9-inch control display running on Operating System 9. The instrument panel is wrapped in Sensatec and the interior includes a BMW Interaction Bar and a panoramic glass sunroof.

For driver assistance, the vehicle includes ‘Driving Assistant Plus’ as standard, which features active cruise control with stop-and-go functionality and lane-keep assistant. The ‘Parking Assistant Plus’ system provides a surround-view camera and a drive recorder.

Hardeep Singh Brar, President and CEO, BMW Group India, said, “The BMW X3 has always been the definitive choice for those who seek a perfect blend of luxury and versatility. With introduction of the new BMW X3 30 xDrive M Sport Pro, we are taking that legacy to an enhanced level of performance and presence. Power attracts power, and the new X3 30 delivers exactly that pairing a more aggressive engine with refined luxury to create a truly spirited driving experience. With this new addition, we have further expanded the X3 offering in India to cater to our modern, performance-driven customers who demand more.”

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Hyundai Motor India, one of the leading passenger vehicle manufacturers, is gearing up to introduce its premium luxury brand Genesis in India and has marked a senior appointment by onboarding Madhurendra Malu as the Vertical Head for Genesis in the country.

With over two decades of experience, Malu joins Genesis from JSW MG Motor India, where he is said to be instrumental in setting up the MG SELECT luxury retail channel. Previously, he had also led the expansion for Skoda Auto India’s dealer network. With experience across sales, strategy and network development he had also held long tenure at Maruti Suzuki India.

A graduate of the Management Development Institute (MDI), Gurgaon, he will be responsible for establishing and leading Hyundai India’s premium play in the luxury car market.

At present, Genesis sells a range of luxury cars across sedans, SUVs and electric vehicles.

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Kia India, one of the leading passenger vehicle manufacturers, a partner of FIFA since 2007, has announced two programmes for the FIFA World Cup 2026 – ‘Kia Walk with Champions’ and ‘Kia Drive to FIFA World Cup 2026’. These initiatives offer customers opportunities to attend the tournament in the USA.

Kia Walk With Champions will allow two children, aged 10–14 years, to serve as Official Match Ball Carriers (OMBC) during a group stage match. One winner will be selected from customers who book and purchase a Carens Clavis ICE, and another from those who purchase the Carens Clavis EV between 12 February and 10 March 2026.

The selected children will walk onto the pitch with a parent or guardian. Kia will provide travel, visa and hospitality arrangements for the winners.

On the other hand, the Kia Drive to FIFA World Cup 2026 will award four customers an expenses-paid trip to watch a match live in the USA. The opportunity is open to customers who book and purchase the following models during the campaign period – Seltos, Sonet, Syros and Carens Clavis.

Each winner can travel with one companion. The selection process for both initiatives will be conducted through an audited lucky draw.

Atul Sood, Senior Vice President – Sales & Marketing, Kia India, said, “Kia’s association with FIFA spans nearly two decades globally, and we are proud to extend this legacy to our customers in India. The FIFA World Cup 2026 represents the pinnacle of global sporting passion, and through these initiatives, we are giving our customers an opportunity to be part of that extraordinary stage. Whether it is witnessing a live World Cup match or seeing their child walk onto the pitch as an Official Match Ball Carrier, these are truly once-in-a-lifetime experiences. At Kia, we aim to go beyond mobility and create meaningful moments that our customers and their families will cherish forever.”

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