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!

VinFast Auto India, a subsidiary of Vietnamese automaker VinFast, has signed agreements with 13 dealer groups to open 32 dealerships in 27 Indian cities.

The move is part of automaker’s strategy to establish a sales, service, and spare parts network across the country. With pre-bookings for the VF 6 and VF 7 models scheduled to begin on 15 July, the company aims to establish 35 dealerships by end-2025.

The current dealerships will be spread in cities including Delhi, Gurugram, Chennai, Bengaluru and Hyderabad. These locations were selected based on EV adoption, infrastructure and demand.

Pham Sanh Chau, CEO, VinFast Asia, “We are pleased to partner with India’s most respected dealer partner groups as part of our comprehensive strategy to establish a wide-reach, high-quality retail and service network. This partnership reinforces our focus on delivering an elevated EV experience backed by reliability, customer trust, and service excellence. As we prepare to bring our electric SUVs to Indian roads, we are focused on ensuring that customers across key cities have seamless access to VinFast’s world-class products and support infrastructure.”

The selected dealer partners are known for their market presence. Each facility will include showrooms, service workshops and spare parts. These outlets will deliver VinFast's service standards to Indian consumers.

VinFast is also expanding its ecosystem in India through partnerships. The company has partnered with Global Assure for roadside assistance and call centre support. myTVS and RoadGrid will provide an EV charging solution and service network. VinFast has also collaborated with BatX Energies for battery recycling solutions.

Comments (0)

ADD COMMENT

Link Copied!

German luxury brand Mercedes-Benz India has reported its strongest ever start to a fiscal year, retailing 4,238 new vehicles between April and June 2025 (Q1 FY2026), marking a 10 percent YoY growth.

The company shared that its performance in Q1 was primarily driven by robust demand for its Core and Top-End Luxury segments.

The Top-End Luxury segment proved to be a significant highlight, experiencing a 20 percent growth. This category includes models such as the S-Class, Mercedes-Maybach range, EQS products and AMG performance vehicles. Notable demand was seen for the S-Class, Mercedes-Maybach Night Series, G 580 with EQ Technology, EQS SUV and the iconic AMG G 63. The limited-edition AMG G 63 'Collector’s Edition' has already garnered an overwhelming response, and the recently launched AMG GT 63 PRO is reportedly sold out for the remainder of the year.

The Core segment, comprising the C-Class, E-Class LWB saloons and the GLC and GLE SUVs, contributed 60 percent to total sales volume and grew by 10 percent. The E-Class LWB continues to be India's highest-selling luxury car, further boosted by the introduction of the E450 performance variant.

While the Entry Luxury segment saw a marginal decline due to intense competition from lower-priced offerings, Mercedes-Benz emphasised the feature-rich and value-oriented approach of these products.

Mercedes-Benz's BEV portfolio witnessed an outstanding 157 percent growth in Q1, increasing its penetration to 8 percent of total sales. This surge was predominantly driven by the Top-End Luxury BEVs, with the EQS SUV, EQS Maybach Night Series and the G 580 SUV with EQ Technology seeing record demand. Waiting periods for the EQS Maybach and G 580 with EQ Technology currently extend up to six months.

The luxury car maker stated that this record-breaking quarter was achieved despite various micro-economic hurdles, including fluctuating foreign exchange rates, price increases and competitive market dynamics, particularly within the entry-luxury segment. Mercedes-Benz attributes its success in the higher-end categories to a growing consumer preference for exclusive, hyper-personalised and premium vehicles.

Santosh Iyer, MD & CEO, Mercedes-Benz India, said, “Mercedes-Benz kick-starts the current fiscal with best-ever sales performance, registering 10 percent growth. This strong sales performance is buoyed by the robust demand for our portfolio, particularly for the top-end luxury and BEV segments, highlighting a growing customer preference for exclusive luxury vehicles with hyper-personalisation and customisation. We are equally thrilled with the outstanding momentum of our BEV portfolio, driven by top-end BEVs like the EQS SUV, EQS Maybach and the G 580 with EQ technology."

"Our sharp focus on bolstering the Top-End Luxury has been highly successful in influencing customer preferences and differentiating Mercedes-Benz as the most desirable luxury brand in India. Launch of the GLS AMG Line, reiterates Mercedes-Benz’s focus on enriching the top-end luxury portfolio with new products. The GLS has been Mercedes-Benz’s top-selling ‘Large Size Luxury SUV’ with more than 16,000 units on Indian roads. The addition of the New GLS AMG Line will further bolster Mercedes-Benz’s SUV portfolio, accentuating the strong DNA of the GLS, with a road presence and grandeur that is unparalleled. With AMG styling GLS becomes sporty and expressive in design, completely redefining the segment with space, performance and ride comfort, in the most commanding way,” concluded Iyer.

Comments (0)

ADD COMMENT

Link Copied!

Toyota Kirloskar Motor, one of the leading passenger vehicle manufacturers, has announced significant upgrades to its popular hatchback the Toyota Glanza.

The company has announced that all variants of the Toyota Glanza will now come standard with six airbags. As part of its move to provide comprehensive protection for both drivers and passengers in the urban-centric vehicle.

In addition to the safety upgrade, Toyota Kirloskar Motor has introduced a limited-period ‘Prestige Package.’ This accessory bundle, available from June until 31 July 2025, includes dealer-fitted enhancements such as premium door visors, body side moulding with chrome and black accents, rear lamp garnish, chrome garnishes for ORVMs and fenders, a rear skid plate, illuminated door sills and lower grille garnish.

The Toyota Glanza, celebrating six years in India with over 200,000 units sold, continues to be recognised for its dynamic styling, fuel efficiency and advanced features. Powered by a 1.2-litre K-Series petrol engine, it has a claimed fuel efficiency of 22.94 kmpl (AMT) and 30.61 km/kg (CNG). Key features include a 9-inch infotainment system, Head-Up Display (HUD), 360-degree camera and Toyota i-Connect with over 45 connected features.

The Glanza also boasts a robust TECT body structure and other safety features like Vehicle Stability Control (VSC) and Hill Hold Assist. It comes with a 3-year/100,000 km warranty, extendable up to 5 years/220,000 km, along with Toyota's 60-minute Express Maintenance service and 24/7 roadside assistance.

The updated Toyota Glanza starts at an ex-showroom price of INR 690,000.

Comments (0)

ADD COMMENT

Link Copied!

Kia India, a leading manufacturer of passenger vehicles, has appointed Atul Sood as Senior Vice-President – Sales & Marketing, effective 11 July 2025. Reporting to Joonsu Cho, Chief Sales Officer, Kia India, he will be responsible for leading the brand’s nationwide sales strategy and operations.

With over 3 decades of experience in the automotive industry, Sood was most recently the President and Director at Toyota Mobility Solutions and Services India.

He is credited to having grown the business across the country, including dealer expansion and customer centric innovation. He also held senior roles at Toyota Kirloskar Motors and Toyota Motor Asia Pacific previously.

Gwanggu Lee, Managing Director and CEO, Kia India, said, "We are thrilled to welcome Atul Sood to Kia India family. His deep industry expertise and strategic acumen will be invaluable as we continue to strengthen our market position and enhance customer satisfaction. We look forward to his leadership and contribution in driving the next phase of our growth journey."

Atul Sood, said, “I am excited to join Kia India at such a dynamic time in its evolution. Kia has established itself as a forward-thinking and customer-focused brand and it’s commitment to innovation and customer delight resonates strongly with me. I am looking forward to working with the team to deliver exceptional value and drive sustainable growth across the country.”

Comments (0)

ADD COMMENT

Link Copied!