Hyundai will roll out a $3.3 billion initial public offering of its India unit next week, executives said Wednesday, the biggest stock market debut in the world's fastest-growing major economy. The price range for the IPO has been set at 1,865 rupees ($22.20) to 1,960 rupees...
It is one of the few foreign car companies to have left a mark on the world's most populous country, with US rivals Ford and General Motors having struggled in their efforts to gain a market toehold. Hyundai Motor India managing director Unsoo Kim told reporters two weeks ago that the S...
* Hyundai aims to reach production of about one million vehicles a year with the acquisition of a former General Motors plant in western Maharashtra state. The plant is expected to start operations only by the second half of the year to March 2026. * Hyundai has 1,377 dealers across India....
Investors saw a light day in terms of economic data out of Asian countries. Meanwhile, Hyundai Motor India made itstrading debutafter a record IPO. Shares were trading down at 1,860 rupees from their initial public offering price of 1,960 rupees,according to BSE data.The automaker had offere...
Hyundai's IPO in India highlights ambition to boost EV production and export hub strategy in India Daniel Chiang, Taipei; Jingyue Hsiao, DIGITIMES Asia Monday 28 October 2024 Enter email addresses (max 10), separated by commas (required): ...
Hyundai India reaches 3 mn mark in salesByStaff Writer
Hyundai Motor India, a 100 per cent subsidiary of South Korea-based global auto giant Hyundai Motor Company, filed its draft red herring prospectus last week. As per media reports, the IPO size could be around $3 billion, with Hyundai Motor India b...
Hyundai Motor India Limited, the company’s subsidiary in the country, received approval for its initial public offering (IPO) from the Securities and Exchange Board of India (SEBI). The South Korean legacy automaker submitted its Draft Red Herring Prospectus (DRHP) in June 2024. ...
Hyundai India launched its new “I Choose Hyundai” campaign amid its pending initial public offering (IPO). The South Korean automaker’s campaign in India is driving the narrative#IndiaDrivesHyundai.Through the “I Choose Hyundai” campaign, the legacy automaker is committing to the Indian custom...
New Delhi : Hyundai Motor India Ltd. (HMIL) is embarking on a mission to deepen its roots in rural India with the launch of “Grameen Mahotsav,” a vibrant initiative celebrating the essence of rural life and connectivity. This innovative endeavor under...