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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Honda Cars India (HCIL), a leading passenger vehicle manufacturer, has announced wholesales of 8,788 units in June 2026.

In the domestic market, the company sold 5,243 units and 3,545 units for export, which marks 71.5 percent YoY, when the company sold 4,618 units domestically and exported 506 units.

Kunal Behl, Vice-President, Marketing & Sales, Honda Cars India, said, "The launch of new City and India Premiere of global SUV Honda ZR-V has generated strong momentum for our overall sales including Amaze and Elevate during June, driven by healthy customer demand and a positive market response. With Monsoon conditions expected to improve during July, we hope to sustain this positive momentum in the months ahead.

“The deliveries of ZR-V are also scheduled to begin from July. It will draw discerning new customers and prospects into Honda showrooms, enhancing our premium brand appeal and unlocking new growth opportunities,” he added.

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French automotive company Renault India has recorded 4,063 domestic wholesale units in June 2026, a 55 percent YoY increase compared to the previous year. This also marks the 10^th consecutive month of double-digit growth for the company.

Interestingly, for H1 CY2026, the company reported sales of 25,844 units, representing 61 percent YoY growth.

During June, Renault India began exports of the Duster, dispatching 750 units to South Africa. The company stated that this performance reflects customer response to its product strategy and demand across its portfolio.

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Tata Motors Passenger Vehicles, one of the leading passenger vehicle manufacturers in the country, has reported wholesales of 63,083 units in June 2026, which was 69 percent higher than the 37,237 units sold last year. Exports for the month came at 1,007 units, as against 154 units sold last year.

For Q1 FY2026, the total wholesales came at 182,574 units, up 46 percent YoY, as against 124,809 units a year ago. Domestic sales came at 180,166 units, up 45 percent YoY, while exports came at 2,408 units, up 148 percent YoY.

 Shailesh Chandra, MD and CEO, Tata Motors Passenger Vehicles, said, “Q1 FY27 has marked a strong start for Tata Motors Passenger Vehicles, delivering industry beating growth with sales of 182,574 cars and SUVs, up 46 percent YoY. This performance was fuelled by robust customer demand and the success of our recent launches. Our leadership in electric mobility further strengthened during the quarter, with EV volumes more than doubling to record 112% growth YoY. Our retail performance was equally encouraging, with Vahan registrations rising around 40 percent YoY, nearly twice the industry growth. We concluded the quarter on a high note, recording June sales of 63,083 cars and SUVs, registering a robust 69 percent growth YoY. In EVs, we achieved our highest-ever monthly sales of 14,800 units, with volumes nearly tripling YoY. The sustained momentum across both wholesale and retail channels reinforces the growing strength of our portfolio and the positive response from customers across segments. The response to the new avatars of Tiago and Punch have been overwhelming with bookings surging across powertrain, reaffirming the strength of our multi-powertrain strategy. We are seeing encouraging growth in EV adoption across segments and the strong momentum in the entry EV category signals rapid mainstreaming of electric mobility across India. While supply constraints impacted Sierra volumes during the quarter, customer interest and booking momentum remain robust. Corrective measures are currently underway to further augment production from select vendors in line with demand and this will progressively enable us to accelerate deliveries from Q2 onward. With a strong order book, exciting products and sustained customer demand, we remain confident about maintaining our growth momentum through the rest of the year.”

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Nissan Motor India, one of the leading passenger vehicle manufacturers, has recorded its fourth consecutive month of domestic sales growth in June 2026.

The company reported domestic wholesales of 3,006 units last month, which marks a 129 percent YoY increase. Total wholesales for the month reached 8,346 units, including 5,340 exports, representing a 16 percent YoY rise.

Saurabh Vatsa, Managing Director, Nissan Motor India, said, “Recording four consecutive months of domestic sales growth is a strong reflection of the growing customer confidence in our product portfolio and the steady progress of our market strategy. This momentum has been made possible by the continued support of our partners, dealers and on-ground teams, who are playing a vital role in strengthening Nissan’s presence across India. The sustained demand for the New Nissan Magnite and the all-new Nissan GRAVITE, along with our expanding customer reach and network footprint, gives us confidence as we prepare for the World Premiere of the Nissan TEKTON on July 9. This milestone reinforces our long-term commitment to India and to delivering products that meet evolving customer expectations.”

The company is now preparing for the world premiere of the Nissan Tekton, scheduled to be introduced on 9 July 2026.

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