Hyundai IPO: India’s biggest public issue to hit D-Street before Diwali
The Indian arm of South Korean automaker Hyundai is expected to file RHP this week and the issue is likely to be launched soon.
The Indian arm of South Korean automaker Hyundai is expected to file RHP this week and the issue is likely to be launched soon.
The carmaker announced the price increase owing to rising input costs, adverse exchange rate and an increase in commodity prices, among other reasons.
The development would pave the exit of General Motors from the Indian market.
Hyundai currently holds 8% market share in the electric vehicle segment globally. Through this strategy, the company plans to four-fold its EV market share to 34% by 2030.
Hyundai Motor India also plans to modernise its vehicle platform to increase total production volumes to 8,50,000 units per year