A complete price list of ₹27,870 crore has become the talk of the town after Hyundai Motor Co. (HMIL) sold a 17.5 percent stake through an Initial Public Offering (IPO). Reports indicate the company has spent ₹624 crore (2.24 percent of the issue size) on various listing fees for Indian stock exchanges. While analysts point to the long-term value of the Hyundai IPO rather than quick profits, excitement and caution are evident among potential investors.
Hyundai to Increase Production Capacity
Hyundai’s entry into India began with a massive plant near Chennai in September 1998, which remains the largest manufacturing facility for the company. To fend off growing competition, Hyundai has acquired a facility in Talegaon, Pune, previously owned by General Motors, set to begin operations next year. This acquisition will add 250,000 units to Hyundai’s current capacity of 824,000 units annually by 2028.
Eye on Electric Power
Hyundai acknowledges the shift toward electric vehicles (EVs) and plans to launch the Creta EV in 2025, followed by four more EV models by 2030. Currently, Hyundai is a minor player in the Indian EV market, offering the premium Ioniq 5. In contrast, Tata Motors has a diverse EV lineup that spans various price ranges.
Is Localization the Real Mantra?
Hyundai plans to invest approximately ₹700 crore in a battery plant in Chennai to localize battery production, aiming to reduce costs and compete effectively in the EV market. With a strong lineup of both ICE models and an incoming mass-market EV, Hyundai is poised for significant growth in India.
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Summary at glance
Hyundai Motor Co. has made headlines with its ₹27,870 crore IPO, selling a 17.5% stake and investing ₹624 crore for listing fees. Analysts emphasize long-term value amid mixed investor excitement. Hyundai plans to enhance production capacity by 30% by 2028, acquiring a former GM facility and launching the Creta EV in 2025. Additionally, a ₹700 crore battery plant will support local EV production, aiming to compete in India’s evolving automotive market.
Superfast News Coverage by DelhiBreakings.com team.
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