HYUNDAI

Hyundai Motor IPO: All you need to know about mother of all IPOs

Hyundai has the same fear like Tata Motors & Mahindra about petrol, diesel cars

Hyundai has joined Tata Motors and Mahindra & Mahindra in opposing tax breaks for hybrid vehicles in India, arguing it could disrupt the market for petrol and diesel cars. Japanese carmakers support lower taxes on strong hybrids, citing emissions reduction and fuel efficiency benefits. The debate underscores the auto industry's shift towards more sustainable technologies.

Hyundai Motor India plans to launch EV models in future; electric version of Creta by Q4 FY25

Hyundai Motor India Ltd plans to launch four electric vehicle models, including the Creta EV, in the final quarter of the current fiscal year, as outlined in its preliminary IPO filings with Sebi. The company aims to enhance the price competitiveness of its EV lineup by focusing on local production capabilities for critical components such as cells, battery packs, power electronics, and drivetrain, and establishing a localized EV supply chain.

6 Hyundai cars under Rs 8 lakh for Indian market

Over the past few decades, owning a car in India has become a necessity rather than the luxury. But the price conscious Indian customer does not easily give into buying cars worth lakhs, and prefers to stick within a budget. Safety, style, comfort and mileage of the car remains the top priorities.

Hyundai flags concerns with 'changes' by Indian govt ahead of planned Rs 25,000 crore IPO

Hyundai, which plans to raise Rs 25,000 crore through the Indian stock market by selling a 17% equity stake in the local unit, flagged the importance of stable policies for confidently making technological upgrades. They also highlighted concerns about localisation norms like PLI for automotive technology, aiming to reduce import dependence and lower manufacturing costs with significant initial capital investments.

Hyundai Motor IPO: 10 things investors should know about the public offer

Hyundai Motor's Indian arm has filed preliminary papers with SEBI for a $2.5-$3 billion IPO. The company aims to raise funds by selling shares through a public offer.

With DRHP, Hyundai steers towards $3 billion public listing

India's largest public issue will be an offer-for-sale (OFS) of up to 142.2 million shares, or a 17.5% stake, by South Korean parent Hyundai Motor Co.

Boost for Hyundai Motor export plans, as auto co plans to launch slew of EVs over next 4 years

Hyundai Motor India Ltd (HMIL) is planning a ₹25,000 crore IPO to drive its parent company's strategy of making India a key export hub. The company plans to introduce nearly half a dozen electric vehicles for local sales and exports as part of this ambitious strategy.

Hyundai unit files for India IPO that could be country's biggest

India's second-biggest car maker behind Maruti Suzuki, Hyundai will not issue new shares in the IPO which will involve its South Korean parent selling part of its stake in the wholly owned unit to retail and other investors via a so-called "offer for sale" route.

Hyundai seeks to dilute up to 17.5% stake in $3 bn IPO: Report

Hyundai Motor plans to dilute up to 17.5% stake in its India entity's IPO to raise $2.5 billion to $3 billion. India's second-biggest carmaker, behind Maruti Suzuki, will file papers with the stock market regulator. No new shares will be issued, only the South Korean parent will dilute its stake.

Hyundai Motor teases new EV, the Inster

Hyundai teases the Inster, a sturdy yet compact SUV with signature LED lights and pixel-graphic signals. The electric vehicle boasts a range of 355 km and sets new benchmarks in technology and safety features, set to debut globally at the Busan International Mobility Show.

Auto sales enter slow lane in May, expected to bounce back in the festive season

In May, automobile sales slowed down due to heatwaves, election uncertainties, and a high base effect. Maruti Suzuki's sales grew 4.4% year-on-year, but this was lower than the 13.8% growth seen in May 2023. Hyundai Motor India and Tata Motors also saw modest growth, while Mahindra and Mahindra and Toyota India experienced significant increases in sales. Industry leaders expect a sales rebound post-election and with a good monsoon forecast. The auto sector's growth aligns with India's 8.2% GDP rise in 2023-24.

Passenger vehicle wholesales in slow lane in May due to high base effect, elections

Passenger vehicle wholesales in India grew marginally in May due to the high base effect and muted demand during the general elections. Maruti Suzuki, Hyundai, Tata Motors, Mahindra & Mahindra, Toyota Kirloskar Motor, Kia India, and MG Motor India all reported varying levels of growth.

Hyundai sales up 7 pc at 63,551 units in May

Hyundai Motor India Ltd (HMIL) saw a 7% year-on-year rise in total sales, reaching 63,551 units in May. Domestic vehicle dispatches increased by 1% to 49,151 units, while exports surged by 31% to 14,400 units. Despite a maintenance shutdown, HMIL maintained healthy sales, with SUVs driving growth. Rural penetration stood at 20.1%.

Car dealers may end up with ₹44,000 crore worth of inventory as demand cools off

Carmakers in India are forecast to face a record stockpile of 400,000 vehicles worth ₹44,000 crore by the end of May, as demand cools after a three-year run of high sales. Passenger vehicle registrations are expected to fall by 5% in May from a year earlier, due to election-related uncertainties, the completion of marriage season, and heat waves in key markets, particularly Delhi NCR.

SUVs roar on country roads as sales from rural India sees a spike

Hyundai Motor's top three cars sold in rural India during January-April 2024 were all SUVs, nudging out the small car Grand i10 from the podium for the first time. SUVs such as Exter, Venue, and Creta accounted for two-thirds (67%) of Hyundai's rural sales in the first four months of the calendar year.

Ignored by desis, small cars are driving Made in India ambitions elsewhere

India's car market shift towards SUVs impacts small car and sedan sales, despite being crucial for exports. Maruti Suzuki leads in exports, shipping to diverse destinations. Hyundai's exports include Verna, Aura, and Grand i10Nios. Price hikes and SUV preference lessen small car demand, but industry anticipates a revival by 2026-2027.

Hyundai ties up with Laxmi Group to commence Venue production in Nepal

Hyundai Motor India has started local assembly of the Venue compact SUV in Nepal through a partnership with Laxmi Group. The plant, Nepal's first automotive assembly facility, has an annual capacity of 5,000 units. Hyundai's CEO praised Nepal for this milestone, thanking the government for their support and expressing hopes for further policies to boost local assembly efforts.

Maruti Suzuki Swift 2024 launched at Rs 6.49 lakh, also available on monthly subscription of Rs 17,436

Maruti Suzuki Swift Price: Maruti Suzuki has launched the new Swift 2024 in India, priced at Rs 6.49 lakh (ex-showroom). The fourth-generation Swift comes with a new design and improved features, including a 9.0-inch touchscreen infotainment system. It will be available in nine colors and two transmission options, manual and automatic. The new Swift boasts of being 10% more fuel efficient for the manual variant and 14% more fuel efficient for the automatic variant. Safety features include 6 airbags as standard across all variants. The new Swift is powered by a new 1.2-liter Z-Series petrol engine, offering enhanced performance and a reduction in emissions.

Hyundai sales rise 9.5 pc to 63,701 units in April

Hyundai Motor India's April wholesales grew by 9.5% to 63,701 units, with domestic sales up 1% to 50,201 units. Exports increased by 59% to 13,500 units. SUVs like Creta and Venue were key sales drivers.

Hyundai to rev up India capacity to tap rising demand

To expand production, Hyundai Motor India will open its Pune plant - acquired from General Motors - in the second half of next calendar year. The company is upgrading the facility for producing more than 200,000 vehicles annually. Adding the Chennai plant's capacity of 824,000 vehicles, Hyundai Motor India's annual capacity will reach more than one million vehicles a year, the company said.

India's love for sub-4 metre compact cars fades as SUVs gain ground

India's preference for compact vehicles under 4 meters in length is declining, with their market share dropping from 62% in 2021 to 50% in 2023. The number of models in this segment has also decreased. Shifting consumer tastes, including a preference for larger vehicles, are prompting automakers to rethink strategies. The popularity of entry-level SUVs has grown, overlapping with premium hatches and sedans. New safety requirements and challenges in designing small cars are also affecting the market. Urban incomes and easy financing options are driving the trend towards premiumization.

Discounts, freebies drive in as automakers seek to push sales

Car dealership stock reached an all-time high of 310,000 vehicles at the start of the financial year. This is leading companies into pushing sales by expanding into smaller towns and cities, potentially igniting a price war, multiple car retailers and company executives told ET.