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.

Comments (0)

ADD COMMENT

Link Copied!

Tata Motors Passenger Vehicles, one of the leading automakers in the country, has announced its wholesales for July 2026.

The company reported total sales of 63,760 units, up 59 percent YoY, which includes a robust 62,611 units in the domestic market, a growth of 58 percent, as against 39,521 units sold last year.

The exports came at 1,149 units, up 76 percent YoY, albeit a low-year-ago base of 654 units.

In July 2026, Tata Motors Passenger Vehicles sold 15,217 electric vehicles, which was 114 percent higher YoY, as against 7,124 EVs sold last year.

Comments (0)

ADD COMMENT

Link Copied!

JSW MG Motor India, one of the leading passenger vehicle manufacturers, has announced that it has achieved its highest-ever monthly wholesale sales for the second consecutive month.

The company reported wholesale figures of 8,158 units last month, which marks a 22 percent YoY growth.

Interestingly, sales of electric vehicles now contribute to more than 80 percent to the company’s total sales.

Anurag Mehrotra, MD, JSW MG Motor India, said, "Our performance in July is a reflection of the growing confidence that customers have placed in our brand. This strong performance, coupled with another month of robust retail sales, demonstrates the strength of our diverse portfolio and our ability to meet evolving customer aspirations. As we build on this momentum, we remain focused on expanding our portfolio, strengthening the customer experience, and introducing innovative ownership solutions such as MG ADAPT, while accelerating the adoption of sustainable mobility in India." 

Comments (0)

ADD COMMENT

Link Copied!

Nissan Motor India has announced its wholesale figures for July 2027, selling a total of 9,339 units, up 66.5 percent YoY, as compared to 5,608 units sold last year.  

In the domestic market, the company sold 4,518 units, as compared to 1,420 units sold last year, while exports came at 4,821 units.

With the recent introduction of the Tekton SUV, the Japanese automaker has expanded its product offering to three models with the Magnite and Gravite.

Saurabh Vatsa, Managing Director, Nissan Motor India, said, “The 218 percent YoY growth in domestic wholesales in July is a strong reflection of the momentum Nissan is building in India, and the confidence customers continue to place in our brand. The commencement of customer deliveries for the all-new Nissan Tekton is another significant milestone, further strengthening our SUV portfolio and marking an important step in Nissan’s growth journey.”

“Celebrating 75 years of Nissan SUV excellence, the TEKTON embodies our rich SUV heritage while introducing a premium SUV experience tailored for Indian customers. Design inspired by the legendary Nissan Patrol, the TEKTON combines striking design, benchmark in dynamics, advanced safety technologies and exceptional comfort to deliver a compelling ownership proposition. Backed by the Nissan Care package and a continued focus on enhancing the overall customer experience, we are committed to creating sustainable long-term value for our customers and further strengthening Nissan’s presence across India,” he added.

Comments (0)

ADD COMMENT

Link Copied!

Hyundai Motor India, one of the leading passenger vehicle manufacturers, has announced attaining its highest-ever monthly wholesales of 75,360 units in July 2026, up 25.4 percent YoY.

In the domestic market, the company sold 54,210 units, up 23.3 percent YoY, while exports came at 21,150 units its highest-ever in the last 100-months, up 31.4 percent YoY.

Last month, the company’s popular offering, the Hyundai Creta, also saw its highest-ever monthly sales at 18,088 units, while Hyundai i20 saw a similar record performance of 6,738 in CY2026.

Tarun Garg, MD & CEO, Hyundai Motor India, said, “We have kicked off the new quarter on a strong note. Achieving 75,360 total sales (domestic + exports; up 25.4 percent YoY), our highest-ever monthly volume since inception, underscores the immense trust consumers place in brand Hyundai. Furthermore, delivering 21,150 export units (up 31.4 percent YoY), our highest in more than 100 months, reinforces our relentless commitment to Make-in-India, Made-for-the-World.”

Also read: Production & Export Disruption Impact Hyundai Motor India Q1 Profit

Comments (0)

ADD COMMENT

Link Copied!