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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Jeep India has announced the return of the Wrangler Willys 41 Limited Edition. The release follows the 2025 edition of the vehicle, which sold out within seven days. This model is inspired by the 1941 Willys MB and is limited to 41 units for the Indian market.

The limited edition is available at Jeep dealerships across India at a premium of INR 200,000 over the standard Rubicon price. The optional accessory kit is priced at INR 3,60,000.

The model is based on the Rubicon variant and includes heritage design cues such as WWII-themed graphics and ‘One of 41’ badging. It is positioned as a tribute to the brand's military origins and off-road history.

The Wrangler Willys 41 includes several hardware updates as standard:

• Motorised Side Steps: Automated steps for cabin entry and exit.
• Integrated Digital Video Recorder: A dash camera system for journey documentation.
• Heritage Detailing: Specific graphics and badging throughout the exterior and interior.

Jeep has also introduced an optional accessory kit for this edition. The kit includes: Roof Carrier – a storage system with an integrated side ladder. Sunrider Roof Top – an open-air roof solution.

Kumar Priyesh, Business Head and Director – Automotive Brands, Stellantis India, said, “The Willys legacy is more than a story – it is the foundation of Jeep’s character. The Wrangler Willys 41 2.0 is our tribute to that heritage. It reflects the spirit of the original 1941 Willys MB while delivering the capability, authenticity and emotional connection that Jeep owners value deeply blending timeless Willys cues with contemporary engineering to deliver capability, exclusivity and character in equal measure.”

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Nissan Motor India (NMIPL) has launched a retail finance scheme for the Nissan Magnite through Nissan Renault Financial Services India (NRFSI). The offer is available for vehicle bookings made until the end of March 2026.

The scheme provides a rate of interest (ROI) starting at 5.55 percent for customers with a CIBIL score. It includes options for 100 percent on-road funding, which covers the vehicle cost, registration, insurance and associated charges.

The programme is designed to provide repayment flexibility with loan tenures extending up to seven years. NRFSI has structured the product to include specific facilities for borrowers:

Foreclosure: Zero charges for closing the loan after 24 months.

Payments: Provision for part-payment of the loan amount.

Processing: A digital loan process, excluding KYC and RTO documentation.

Support: Access to a 24x7 WhatsApp chatbot and dedicated customer care.

The finance package includes additional incentives valued up to INR 22,000 for customers choosing NRFSI. Existing Nissan customers are eligible for loyalty benefits and add-on advantages when opting for this finance route.

The 5.55 percent ROI is applicable for a loan amount of INR 500,000, which Nissan states provides an EMI advantage compared to rates currently offered by commercial banks.

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TATA.ev has launched the new Punch.ev in India, positioned to accelerate the transition to electric mobility in the entry-level segment with prices starting INR 969,000 (ex-showroom, Mumbai) for the 30 kWh battery variant, while the 40 kWh variant can be had at INR 1.08 million.

Furthermore, the company has also marked the introduction of Battery-as-a-Service (BaaS) financing model, which lowers the initial purchase price to INR 649,000, supplemented by a battery EMI of INR 2.6 per kilometre.

The Punch.ev is built on the acti.ev architecture and offers two battery configurations to address varying range requirements:

• Long Range: Features a 40 kWh LFP prismatic cell battery pack. It delivers a real-world range of approximately 355 km and an ARAI-certified range of 468 km.
• Standard Range: Includes a 30 kWh battery pack option for city-focused use.

The EV supports express charging, allowing the battery to transition from 20 percent to 80 percent in 26 minutes. A 15-minute charge can provide 135 km of real-world range.

TATA.ev has established a network of over 230,000 charging points across 1,500 cities. This includes a ‘.ev Verified’ network of 2,500 fast chargers and 130 hubs on 80 highways. The company plans to expand its highway charging presence to 800 points by the March 2026.

To support first-time buyers, TATA.ev has introduced a lifetime warranty on the high-voltage (HV) battery, covering unlimited kilometres. This measure is intended to address concerns regarding battery longevity and maintenance costs.

Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicle and Tata Passenger Electric Mobility, said, “The new Punch.ev, makes electric mobility truly accessible, practical and worry free for every household. With a real-world range of around 355 km, fast charging capability, a lifetime HV battery warranty and a highly accessible price point, it resolves the core concerns that have thus far held customers back from choosing an entry level EV as their primary car. By bringing together everything customers seek in their preferred car for both daily and long-distance travel, the new Punch.ev marks a significant leap forward in the democratisation of electric mobility in India.”

The Punch.ev can be had in three versions: Smart, Adventure and Empowered.

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Volkswagen Passenger Cars India has launched the Tayron R-Line SUV at an introductory price of INR 4.69 million (ex-showroom).

The Tayron R-Line features R-Line styling and is manufactured using the brand's design DNA and is part of the company’s strategy to expand its portfolio in the premium segment in India.

The SUV is powered by a 2.0-litre TSI EA888 evo4 engine, producing 204 PS and 320 Nm of torque. It comes with a 7-speed DSG transmission and the 4MOTION All-Wheel Drive (AWD) system, which allows drivers to select from six driving profiles.

In terms of dimensions, it is 4792 mm in length, 1866 mm width and 1665 mm height. The wheelbase is 2789 mm features 19-inch Coventry alloys. On the inside, it gets a 38.1 cm infotainment screen and a 26.03 cm digital cockpit. The front seats feature 12-way electric adjustment with memory, ventilation, heating and an 8-mode massage function.

The Tayron R-Line features IQ Light with HD Matrix LED headlamps and illuminated front and rear logos. It is equipped with 11-speaker Harman Kardon sound system with 700 watts output, dual 45W USB-C ports and wireless charging for two devices. Augmented Reality (AR) head-up display and gesture-controlled tailgate.

In terms of safety, the Tayron R-Line is equipped with Level 2 ADAS featuring 14 functions. Standard safety equipment includes 9 airbags, Electronic Stability Control, and Hill Ascent and Descent control.

Nitin Kohli, Brand Director, Volkswagen Passenger Cars India, said, “The Tayron R-Line embodies our vision of aspirational premium cars that add meaningful value to customer lives. It is designed for those who value performance as much as luxury, and who seek a vehicle that reflects their progressive mindset. With the Tayron R-Line, we are reinforcing our commitment to bringing globally admired, performance-led products that elevate the brand’s presence in India.”

The Tayron R-Line SUV can be had in seven colour options: Dolphin Grey Metallic, Oyster Silver Metallic, Ultraviolet Metallic, Cipressino-Green Metallic, Nightshade Blue Metallic, Grenadilla Black Metallic and Oryx White Mother-of-Pearl Effect.

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