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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Kia India, one of the leading passenger vehicle manufacturers, has released a teaser of its first hybrid vehicle launch in the country the Sorento SUV, which serves as the manufacturer's global flagship SUV.

Originally introduced in 2002, the Sorento nameplate has recorded global sales of 4.8 million units across four product generations in 132 countries. The vehicle ranked among the brand's top three best-selling models globally in 2024 and 2025, receiving industry safety classifications including the IIHS Top Safety Pick+ and a 5-Star NHTSA rating.

Teaser images issued by the company show an upright vehicle profile featuring a distinct shoulder line and a two-tier front lighting design with an illuminated upper graphic across the bonnet area. The India-spec configuration incorporates Kia's hybrid powertrain technology.

The company has opened advance reservations for the model through its dealership network and official website, with full specifications and launch timelines to be announced prior to the official commercial release.

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MG Select, the luxury division of JSW MG Motor India has introduced the Couture Edition of the MG M9 at INR 8.49 million, while the Cyberster Couture Edition is priced at INR 8.74 million.

The vehicles were created through a design partnership with fashion designer Gaurav Gupta. The collaboration began at the opening of Gupta's menswear flagship store in New Delhi, followed by an official vehicle integration during his 'Light Song' couture showcase in Mumbai on 17 July 2026.

Both models incorporate Gupta's Serpent Infinity design motif across interior and exterior surfaces, using hand embroidery, tonal layering and surface detailing techniques derived from garment construction.

Milind Shah, Head – MG Select, JSW MG Motor India, said, “The Cyberster and M9 have quickly become the most sought-after luxury EVs in their segment. By introducing a couture layer, we are building on that popularity with an offering that is both rare and collectible. It strengthens MG SELECT’s business proposition by uniting proven demand with exclusivity, ensuring our luxury channel continues to establish itself as a curator of distinct experiences for discerning customers.”

Gaurav Gupta said, “I’ve always believed that great design transcends categories. This collaboration with MG demonstrates how the principles of couture, craftsmanship, precision and emotional storytelling can transform the way we experience luxury mobility. Together, we’ve created something that is as expressive as it is functional.”

Production of the Couture Edition specification is limited to 50 units per vehicle model. Sales will be handled exclusively through MG SELECT Experience Centres across 14 cities, with orders opening on the official brand website ahead of customer deliveries scheduled to begin on 10 August 2026.

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Porsche India has launched an Assured Buy-Back Programme in partnership with a financial services provider, establishing guaranteed future valuation parameters for its vehicle range at the point of sale.

As per the terms, buyers can secure a guaranteed buy-back valuation of up to 70 percent after a 36-month tenure.

The scheme is available to private owners purchasing eligible Porsche models, including the Cayenne SUV alongside the Macan Electric and Taycan electric vehicle lines. The financial structure bridges the difference between the pre-agreed guaranteed value and the market resale value realised at the conclusion of the coverage term, subject to program conditions.

Ashutosh Dixit, Head of Porsche India, said, “The introduction of the Assured Buy-Back Program provides our customers with greater peace of mind while offering the flexibility to continue their journey with the Porsche brand. As we continue to enhance the ownership experience, this initiative reflects our commitment to delivering solutions that support our customers during their ownership journey.”

The agreement duration spans 36 months from the initial vehicle invoice date. At the end of the term, vehicle owners can exercise the buy-back option or transition into subsequent models within the brand's portfolio.

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French automaker Renault India, a wholly owned subsidiary of Renault Group, has reported its wholesales for July 2026.

The company sold 3,293 units last month, up 27.9 percent YoY, as compared to 2,575 units for the same period last year.

With this, Renault India has now registered double-digit YoY growth for the 11^th consecutive month. The company attributed the growth to the demand witnessed across its product portfolio and broadly aligned with the overall industry.

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