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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JSW MG Motor India has officially launched the MG Majestor as its D+ segment sport utility vehicle (SUV) at prices starting INR 4.09 million (ex-showroom) for the 4x2 top trim variant.

The MG Majestor 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.

It measures 5,046 mm in length, 2,016 mm in width and 1,870 mm in height, with a total wheelbase of 2,950 mm. The SUV is powered by a 2.0-litre twin-turbo diesel engine paired with a ZF 8-speed automatic torque-converter transmission, generating an output of 215.5 PS and 478.5 Nm of torque.

For off-road application, the 4x4 variant incorporates an all-terrain management system featuring 10 terrain-specific drive modes, a dedicated Crawl Control function, a 219 mm ground clearance and an 810 mm water-wading depth threshold. It is claimed to be the first vehicle in its segment to feature triple differential locks across the front, centre and rear axles to manage power delivery over low-traction surfaces.

The MG Majestor features Level 2 Advanced Driver Assistance Systems (ADAS) to manage steering assist, adaptive deceleration, collision warning and automated emergency braking. Standard structural safety systems include six airbags, electronic stability control (ESC), anti-lock braking (ABS), traction control, roll movement intervention (RMI) and a 360-degree high-definition camera network.

The cabin architecture features a black upholstery layout paired with a panoramic sunroof and 64-colour ambient lighting.

In terms of creature comforts, it gets a 12-way electrically adjustable driver's seat and 8-way passenger seat equipped with heating, cooling and localised massage programs. A dual-screen interface linking a 12.3-inch infotainment unit with a 12.3-inch digital instrument cluster. Integrated iSMART system supporting over 75 connected-car features alongside wireless Apple CarPlay and Android Auto.  A 12-speaker JBL surround-sound system, dual wireless smartphone charging docks, a three-zone automatic climate control module and a 220V auxiliary power outlet.

MG Majestor customers will also a unique ownership program under ‘MG Shield’, which includes a three-year unlimited-kilometre vehicle warranty, three years of roadside assistance and three labour-free periodic maintenance services.

Furthermore, JSW MG Motor India is also offering an assured buyback program guaranteeing of up to 70 percent of the MG Majestor’s residual value over a specified operational tenure.

Anurag Mehrotra, Managing Director, JSW MG Motor India, said, “The MG Majestor marks a bold addition to our portfolio as India’s first D+ SUV, delivering a powerful blend of performance, premium comfort, advanced technology and superior reliability. With its unmatched dimension, off-road mastery and multiple segment-first features, the Majestor sets new benchmarks and offers a truly differentiated value proposition in the Indian SUV landscape."

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Chinese automotive major Changan Automobile and Brazil-based Kawa Group (CAOA Group) have opened an automated manufacturing line in Annapolis, Brazil and commenced production of the first locally built Changan Uni-T sport utility vehicle (SUV).

The launch event was attended by Brazilian President Luiz Inácio Lula da Silva, Vice-President Geraldo Alckmin and Chinese Ambassador to Brazil, Zhou Qingqiao.

The vehicle assembly line represents the beginning of a USD 950 million investment cycle spanning 2026 to 2028. This capital follows USD 570 million deployed between 2023 and 2025, bringing the total joint allocation to USD 1.52 billion.

The funding is intended to establish an annual production capacity of 90,000 vehicles. The expansion project aligns with Changan's global growth initiative, known as the ‘Vast Ocean Plan.’

The Uni-T was developed over three years by a team of 200 Chinese and Brazilian engineers. The model is powered by a 1.5-litre Blue Core Flex turbocharged engine featuring direct fuel injection. The powertrain was modified by Kawa Group to operate on flexible-fuel configurations, allowing the use of ethanol-petrol blends.

To validate durability and thermal efficiency across different climates, the SUV underwent a 200,000-kilometre testing program prior to standard production.

Following the introduction of the flexible-fuel model, Changan plans to expand its local production network to include hybrid and electric powertrains. The Chinese automaker also intends to establish more than 60 commercial dealerships across the region by the end of 2026 to support its broader distribution network.

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Japanese automaker Honda Cars India (HCIL) has launched the new Honda City sedan and marked the Indian debut of its global hybrid sport utility vehicle (SUV) – the ZR-V e:HEV.

The introduction of the ZR-V e:HEV expands Honda's hybrid vehicle options in India as a completely built unit (CBU), as the company's flagship SUV in the country.

The new Honda City features updates to its front and rear exterior panels, extending its overall length to 4,594 mm. It introduces a 25.6 cm touchscreen display, ventilated front seats, a 360-degree camera system and the Honda Sensing suite of driver assistance features. The sedan offers two powertrain options: a 1.5-litre petrol engine producing 121 PS paired with a six-speed manual or seven-speed CVT, and a hybrid system producing 126 PS with a fuel economy rating of 27.26 km/l. Ex-showroom prices in Delhi range from INR 1.19 million for the petrol manual base variant to INR 2.09 million for the hybrid version.

The ZR-V e:HEV SUV features a 2.0-litre direct-injection petrol engine combined with a dual-motor hybrid system, generating a maximum output of 184 PS and 315 Nm of torque. The system shifts between electric, hybrid and engine drive modes while delivering a fuel efficiency rating of 22.79 kmpl.

The SUV measures 4,567 mm in length with a 2,655 mm wheelbase and offers up to 1,313 litres of cargo volume when the rear seats are folded flat. Standard features include an eight-airbag system, a 12-speaker Bose audio setup, a 22.8 cm touchscreen and a hands-free power tailgate.

Both models are sold with a three-year unlimited-kilometre standard warranty. The hybrid variants of the City and ZR-V include an eight-year or 160,000-kilometre warranty on the lithium-ion battery package alongside a five-year or 100,000-kilometre warranty covering the hybrid components.

Takashi Nakajima, President and CEO, Honda Cars India, said, "Today's event marks the beginning of HCIL's New Phase of accelerated growth in the market. India is among the top 3 focus markets to realise Honda's future growth which will be driven by a strong pipeline of new products and our efforts to achieve cost competitiveness. This year is a landmark year for us with 6 strategic launches that will sharpen our competitive edge and reinforce our brand position in the market. The launch of the new Honda City and the India premiere of our globally acclaimed Honda ZR-V represent Honda's commitment to bringing sporty, premium and technologically advanced products to Indian customers. We look forward to an exciting year ahead with several new model introductions planned as part of Honda's continued growth strategy for the Indian market."

Pre-bookings for the vehicle have commenced at dealerships across India, with customer deliveries scheduled to begin in July 2026. The updated Honda City is available immediately for sales and deliveries.

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Stellantis-owned Citroen has confirmed the addition of a new model to its vehicle lineup, inspired by its historic 2 CV model. The vehicle is being introduced as part of the FaSTLAne 2030 strategic plan outlined by parent company Stellantis.

Citroen intends to position the vehicle within the electric vehicle category, focusing on a design that prioritises accessibility, weight reduction and practicality to meet modern urban traffic regulations. It has announced that it will disclose further technical and product details at the Paris Motor Show in October 2026.

Xavier Chardon, Chief Executive Officer, Citroen, said, “Reinventing the 2 CV of tomorrow is a huge challenge and responsibility. The original 2 CV was never created to become an icon. It became one because it gave people freedom. The new 2 CV will carry that same spirit forward – not through nostalgia, but by reinventing its simplicity and accessibility for today’s world. Electric. Essential. Affordable. Human. Just like the original once democratised mobility, the new 2 CV will re-enchant electric mobility for a new generation through a highly desirable model. The return of the 2 CV is not simply the return of a legendary name. It is the return of a bold and optimistic idea of progress. A profoundly Citroen idea.”

Development and manufacturing processes for the vehicle are centred at the facility in Poissy, France. Until the production phase of the new model commences, the brand continues to address entry-level electric vehicle demand through its existing e-C3 model variant.

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