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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Maruti Suzuki India has signed a Memorandum of Agreement (MoA) with the Transport Department, Government of Telangana, to set up 12 Automated Driving Test Tracks across six locations under its corporate social responsibility initiative. The tracks will be established at Ibrahimpatnam, Karimnagar, Kondapur, Medchal, Nagole and Uppal.

The facilities will evaluate applicants for two-wheeler, light motor vehicle and heavy motor vehicle driving licences, with heavy motor vehicle testing available at the Nagole and Karimnagar locations.

The tracks will feature high-definition cameras, RFID sensors, analytics software and an integrated IT system to automate testing in accordance with Central Motor Vehicle Rules.

With this agreement, Maruti Suzuki India's operational network of automated test tracks expands to 98 locations across nine states and two union territories. The company has also established eight Institutes of Driving and Traffic Research and 19 Road Safety Knowledge Centres in collaboration with state governments, evaluating over 5.5 million individuals.

K Ilambarithi, Transport Commissioner for the Government, Telangana, said, "Road safety remains a key priority for Telangana. Through technology, stronger enforcement, and improved driver testing, we are working to build safer roads. We welcome car market leader Maruti Suzuki’s partnership in establishing 12 Automated Driving Test Tracks across 6 locations in the state. These tracks will make driving tests more transparent and efficient, while ensuring that only competent and qualified applicants are awarded driving licenses."

Rahul Bharti, Senior Executive Officer of Corporate Affairs at Maruti Suzuki India, said, "Driver skill is key to ensuring road safety. ADTTs bring fairness and transparency, to the licensing process by eliminating human bias. ADTTs will ensure rigorous driver evaluation and promote disciplined driving practices, vital to enhance road safety. Our partnership with the Government of Telangana to deploy Automated Driving Test Tracks is an important step in this direction. We are pleased to contribute to Telangana’s road-safety journey and look forward to deepening this collaboration in the future."

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Toyota Kirloskar Motor, one of the leading passenger vehicle manufacturers, has announced the introduction of the Innova Crysta LIMO Edition, a brand offering created for commercial fleet mobility operators. The new model is available exclusively in the GX-SLF grade across 7-seater and 8-seater seating configurations.

The Innova Crysta LIMO is powered by Toyota's 2.4-litre diesel engine paired with a manual transmission, delivering a certified fuel efficiency of up to 15 kmpl. It features captain seats, multi-row air-conditioning, touchscreen infotainment with smartphone connectivity and safety equipment including up to seven airbags, Anti-lock Braking System, Vehicle Stability Control, Hill Start Assist Control and Electronic Brake-force Distribution.

Standard ownership terms include a warranty of three years or 100,000 km, with extension options available up to five years or 220,000 km. Ex-showroom pricing remains unchanged, starting at INR 1.99 million for the seven-seater variant and eight-seater layout.

Sabari Manohar, Executive Vice-President of Sales, Service and Used Car Business at Toyota Kirloskar Motor, said, "For over two decades, the Innova has earned the trust of customers by consistently delivering on reliability, comfort and confidence of ownership making it a preferred mobility across generations. Professional mobility customers have also been an integral part of this journey. With the Innova Crysta LIMO, we are building on this strong legacy with a distinct identity while continuing to deliver the quality and dependability they expect from brand Toyota."

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Hyundai Motor India, one of the leading passenger vehicle manufacturers, has announced the introduction of a Usage-Based Insurance (UBI) program for customers owning vehicles equipped with Bluelink connected-car technology.

The initiative allows eligible vehicle owners to access potential savings on the own-damage portion of their insurance premiums based on recorded driving behaviour.

The program evaluates vehicle usage and driving metrics captured over a three-month period through the Bluelink platform, assessing parameters such as rapid acceleration, rapid deceleration, rapid braking, speed management and engine idling duration.

Drivers with an insurance renewal due within 90 days and a driving score of 70 or above out of 100 may qualify for savings of up to 15 percent on own-damage premiums, subject to the underwriting criteria of participating insurance partners.

Hyundai India Insurance Broking acts as the intermediary facilitating consent-based score sharing between vehicle owners and insurance companies. The initial phase of the program includes Cholamandalam MS General Insurance, Go Digit General Insurance and ICICI Lombard General Insurance as participating partners. Customers can track their driving score and view eligibility directly within the Hyundai Bluelink mobile application.

Tarun Garg, Managing Director and Chief Executive Officer of Hyundai Motor India, said, "Hyundai Motor India’s connected car ecosystem continues to witness strong growth, with over 0.8 million connected cars already on Indian roads, a target of 1 million cumulative connected car sales by 2027 and an ambition to reach 2 million connected car sales by 2030 through its Bluelink platform. Leveraging this expanding connected-car ecosystem, the Usage-Based Insurance (UBI) program extends the value of connected mobility beyond convenience and safety by rewarding responsible driving with personalised insurance benefits. In certain cases, customers may save up to 15 percent (basis insurers underwriting rules) on the own-damage component of their insurance premium, making vehicle ownership safer, smarter and more rewarding."

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Honda Cars India, one of the leading passenger vehicle manufacturers, has announced 'Honda Alpha' as the official name of its upcoming electric SUV, which is scheduled to make its global debut on 2 December 2026.

The model marks the company's first manufactured electric SUV in India, with the country serving as the global production base for the model.

The e-SUV was previously shown as a concept prototype at the Japan Mobility Show 2025 with India to serve as the initial market for the model's rollout. The announcement also marks the debut of Honda's new H mark in the company's official communication in India, reflecting the corporate brand transformation. The revised badge will be applied to the Honda Alpha as its first model in the country.

Toshiyuki Yanagisawa, President and CEO, Honda Cars India, said, "We are delighted to announce Honda Alpha as the official name of our upcoming electric SUV. Honda Alpha represents our ambition to bring advanced electric mobility to our customers in India while delivering the quality, reliability and joy of driving that Honda is known for. With India serving as the global production base for this model in future, it is an important step in Honda’s electrification journey and reflects our strong commitment to the Indian market. We look forward to ushering in a new chapter for Honda in India with this exciting new offering."

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