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 (MSIL), the country’s largest passenger vehicle manufacturer, has opened bookings for the 2026 Brezza, which is set to be launched on 24 July 2026.

The SUV can be reserved at Maruti Suzuki ARENA showrooms or via the company website for an amount of INR 11,000. Since its launch in 2016, the company has sold over 1.4 million units of the Brezza.

Partho Banerjee, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India, said, "Brezza's extraordinary journey since its introduction in 2016 has made it India’s highest selling compact SUV. In 10 Years, Brezza has won the trust of over 1.4 million customers which is a testament of its product supremacy and segment domination. In 2026, The new Brezza will represent a perfect synthesis of customer’s love and unlock a new dimension of excitement. We invite customers to book the new Brezza today and be among the first to experience it."

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Kia India, one of the leading passenger vehicle manufacturers, has announced that the Carens SUV family has reached a cumulative sales milestone of 300,000 units, which includes the Carens, Carens Clavis and the Carens Clavis EV.

At present, the Carens lineup sales consist of 60 percent petrol, 30 percent diesel and 10 percent electric. The Carens Clavis EV is available with two battery capacities: a 51.4 kWh option providing a 490 km range and a 42 kWh option with a 404 km range. The EV features fast charging, capable of reaching 80 percent charge from 10 percent in 39 minutes, and is powered by motors delivering 255 Nm of torque.

Sunhack Park, Chief Sales Officer, Kia India, said, “The 300,000-unit milestone for the Carens underscores its position as a segment leader and a true gamechanger in the MPV space. This achievement is a direct result of our product-led strategy, our sharp understanding of customer needs, and our unwavering focus on quality. It strengthens our conviction that the Carens is the benchmark for its class, and we are energized to build on this momentum as we accelerate our growth journey."

Furthermore, for Carens the top trim levels account for 18 percent of total sales.

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Toyota Kirloskar Motor (TKM), one of the leading passenger vehicle manufacturers, has handed over a 10-hectare ecological restoration project in the Herbivore Safari Zone of Bannerghatta Biological Park to the Zoo Authority of Karnataka. The initiative is part of the company's ‘Harmony with Nature – Green Wave’ projects and its commitment to biodiversity and sustainability.

The restoration involved weed removal and the planting of native saplings to improve habitat quality and forage availability. Protective measures include solar fencing, which will remain around the area for two years to prevent grazing on the new plantings. The project also includes a borewell equipped with a solar-powered pumping system to provide water during dry seasons.

A V Surya Sen, Executive Director of Bannerghatta Biological Park, said, “Public-private partnerships play a crucial role in strengthening conservation efforts across Karnataka. This initiative by Toyota Kirloskar Motor demonstrates how the industry can actively contribute to restoring ecosystems and enhancing wildlife habitats. The integration of renewable energy solutions further reflects a responsible and sustainable approach to environmental stewardship.”

B Padmanabha, Executive Vice-President & Director, Manufacturing, Toyota Kirloskar Motor, said, “At TKM, we believe that biodiversity conservation is a fundamental pillar of sustainable development. This project reflects our commitment to the Harmony with Nature initiative under the Toyota Environmental Challenge 2050. By implementing scientific weed management, native afforestation, protective measures for young plantations, and renewable-energy-powered infrastructure, we seek to restore ecological balance and foster a resilient, self-sustaining ecosystem.”

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European automaker Renault India has launched the Duster Adventure Edition, with prices beginning at INR 1.29 million (ex-showroom). The vehicle was unveiled by Thierry Mathou, Ambassador of France to India and Stephane Deblaise, CEO, Renault Group India.

The Adventure edition is available in three powertrain options: Turbo TCe 100 MT, Turbo TCe 160 MT and Turbo TCe 160 DCT. Exterior features include decals with topographical contour lines and the geographical coordinates of Leh. On the inside, the vehicle includes floor mats and various technology and convenience features.

Stephane Deblaise, CEO, Renault Group India, said, "Iconic vehicles are remembered not simply for what they do, but for the place they earn in people's lives. Duster belongs to that rare category. Over the years, it became part of countless journeys and lasting memories for customers across India. The Adventure Edition celebrates the enduring connection that people continue to have with the Duster nameplate."

The new prices are as follows: Adventure Turbo TCe 100 MT at INR 1.29 million, Adventure Turbo TCe 160 MT at INR 1.39 million and Adventure Turbo TCe 160 DCT at INR 1.53 million, ex-showroom, respectively.

The Duster comes with Full LED headlamps and 43.18cm (17-inch) alloy wheels, electric panoramic sunroof, electric powered tailgate and automatic dual zone air conditioning.

On the inside, it gets 25.65cm (10.1-inch) multimedia system and connected car services via the My Renault app. And Adventure Branding on the decals, embellishers and floor mats.

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