Hyundai Motor, a global automotive giant, is set to launch India’s largest initial public offering (IPO), aiming to raise up to $3.5 billion.
Here are the key details:
IPO Details and Timeline:
Target: Hyundai aims to raise a minimum of $3 billion, potentially increasing to $3.5 billion.
Listing: Shares expected to be listed in September, marking a significant milestone in India’s IPO landscape.
Hyundai’s Strategic Moves
Expansion in EVs
Plans include launching an electric version of their popular SUV, Creta, to capitalize on the growing demand for electric vehicles.
Product Strategy
Hyundai plans to introduce four new EV models in India, aligning with global trends towards sustainable mobility.
Market Response and Strategic Outlook
Sales Success
Creta SUV sales surpassed 1 million units, reflecting strong market acceptance.
Future Plans
Hyundai and Kia are preparing to introduce hybrid SUVs by 2026-2027, emphasizing a commitment to both hybrid and EV technologies.
