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) has introduced the Elevate ADV Edition at prices starting INR 1.529 for the MT single tone edition and INR 1.66 million for the CVT dual tone edition.

The new trim is positioned as the new flagship grade in the popular Honda Elevate SUV line-up. 

The ADV Edition features a number of external upgrades, including a new Alpha-Bold Plus grille with black surround and a hood decal accented with orange highlights. The overall exterior appeal is enhanced by black roof rails, ORVMs (Outside Rear-View Mirrors) and window beltline moulding. Distinctive touches include ADV emblems on the fenders and black alloy wheels with orange accents.

Inside, the cabin features a black interior theme with vibrant orange accent detailing. A standout feature is the ADV Terrain Pattern Backlit Illuminated Instrument Panel Garnish, described as creating a futuristic style. Customers can also opt for a 360degree surround view camera.

The Elevate ADV Edition is powered by the 1.5-L i-VTEC petrol engine, available with a 6-speed manual or a 7-speed CVT automatic transmission with Paddle Shifters.

Safety features include Honda Sensing, the advanced driver-assist system (ADAS), which incorporates Collision Mitigation Braking System, Lane Keep Assist and Adaptive Cruise Control. The vehicle is built with the ACE Body Structure and includes six airbags and a LaneWatch camera.

Kunal Behl, Vice-President, Marketing and Sales, Honda Cars India, said, “The Honda Elevate has received a positive response from customers across the country due to bold looks and highly engaging performance. With the introduction of the Elevate ADV Edition as the top trim, we aim to offer more choices to customers with different preferences. This new model features an even bolder and sharper design, blending style with Honda’s trusted quality and refinement, making it the perfect companion for every journey. We are excited to welcome more customers to experience this exciting new addition.”

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Honda Cars India, a leading passenger vehicle manufacturer, has reported total wholesales of 10,518 units for October 2025.

The company recorded domestic sales of 6,394 units for the month, which marks a 15.3 percent growth as compared to 5,546 units last year.

Honda also exported 4,124 units in October 2025. In comparison, exports in October 2024 stood at 4,534 units. The company noted the strong performance of the Honda Amaze as a key driver of the growth.

Kunal Behl, Vice-President, Marketing & Sales, Honda Cars India, said, “The festive sales and GST 2.0 announcement fuelled robust demand across our line-up of City, Amaze and Elevate during October. The Amaze being the only car under 10 lakh price segment to offer ADAS safety and smooth CVT performance has been strongly appreciated by consumers registering strong sales growth.”

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JSW MG Motor India has reported a decline of 9 percent in it wholesales for October 2025, with sales of 6,397 units, as compared to 7,045 units sold for same period last year.

On the other hand, the company reported a 20 percent YoY increase in wholesales during the August–October 2025 festive period.

The MG SELECT model retained its second position in the luxury electric vehicle (EV) segment, registering an impressive 62 percent MoM growth.

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Hyundai Motor India, one of the leading passenger vehicle manufacturers, has achieved total monthly sales of 69,894 units in October 2025. The volume includes 53,792 units in domestic sales.

The company stated its performance was driven by the domestic market, and it also bolstered its position as a global manufacturing hub, with exports touching 16,102 units, marking an 11 percent YoY growth.

Furthermore, the Hyundai Creta and Venue SUV duo achieved their second-highest-ever combined monthly sales of 30,119 units.

Tarun Garg, Whole-time Director & Chief Operating Officer, Hyundai Motor India, said, “October 2025 was a month driven by the festivals of Dussehra, Dhanteras and Diwali, further complimented by the positive impact of GST 2.0 reforms. This provided a significant boost to the Indian automotive industry. At Hyundai Motor India, we witnessed robust market demand and high consumer enthusiasm leading to second highest monthly sales of our formidable SUV duo – the Hyundai Creta and Venue combined, with 30,119 units sold. We expect to accelerate this momentum with the upcoming launch of all-new Hyundai Venue, which is already open for bookings.”

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