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Hyundai India Shares May Throttle on Back of Bold Expansion, Launch Plans
OutlookIndia
·
2m ago
Medial
Hyundai Motor India plans to launch 26 new models, including 20 internal combustion engine cars and 6 electric/hybrid vehicles, by FY30 to reclaim its No. 2 position in the Indian automotive market. This expansion, amid competition from Mahindra & Mahindra and Tata Motors, is aimed at strengthening Hyundai's market presence. Despite a 4% YoY net profit decline due to rising costs, the company anticipates domestic growth aligning with industry estimates while targeting higher export volume growth.
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Hyundai seeks expansion, higher valuation with India IPO
Livemint
·
1y ago
Medial
Hyundai Motor is planning a $3 billion IPO in India to expand in one of the fastest-growing markets globally and address the "Korea discount" affecting its valuation at home. The IPO will help Hyundai accelerate its growth in India, reduce reliance on its parent company for funds, and fund the launch of electric vehicles and infrastructure in the country. Hyundai's valuation for the India unit IPO is estimated to be around $30 billion, potentially boosting valuations back in South Korea. The IPO plans come amid India's surging stock markets and aim to address the lower valuations typically associated with South Korean companies.
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Auto players line up array of new EV models in coming years on govt push to green mobility
Thehindubusinessline
·
1y ago
Medial
The Indian auto industry is preparing to introduce a range of electric vehicle models in response to the government's new policy promoting eco-friendly mobility solutions. Major players such as Maruti Suzuki, Hyundai, Mahindra & Mahindra, and Tata Motors are developing new electric vehicles to meet demand. Mahindra & Mahindra is set to launch five new battery electric SUVs starting January 2025, while Maruti Suzuki plans to produce a high-spec EV with a 550 km range in FY24-25. Hyundai, Tata Motors, Audi, and Mercedes-Benz also have electric vehicle expansion plans for the Indian market.
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Hyundai India bets big on premium cars and EVs on course to world’s largest IPO
Livemint
·
10m ago
Medial
- Hyundai Motor India will focus on premium vehicles across traditional, electric, and hybrid models. - The company's average selling price has increased due to premiumization and an increase in car prices. - Hyundai is positioning itself to meet the evolving preferences of Indian car buyers who prioritize advanced features, technology, styling, and larger space over regular hatchbacks. - The company plans to launch an electric variant of its popular model, Creta, later this fiscal year. - Hyundai is actively lobbying the Indian government to provide incentives only for electric vehicles and not extend them to hybrids. - Hyundai remains attentive to shifting market trends and is prepared to adapt its strategies accordingly.
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Hyundai hoping to regain market share in India as auto major’s $3 billion IPO looms, lines up SUV launches & more | Mint
Livemint
·
11m ago
Medial
Hyundai Motor plans to launch a series of new SUVs in India as part of its strategy to regain market share from domestic rivals. The automaker, which is gearing up for a $3 billion public listing in the country, will begin with the launch of its first India-made electric vehicle early next year, followed by two gasoline-powered models. Hyundai's market share in India has declined to 14.6% from 17.5% four years ago, as competition from domestic manufacturers such as Tata Motors and Mahindra & Mahindra has increased. Hyundai aims to boost global sales by 30% by 2030.
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Hyundai to launch $3 bn India IPO next week, targets $19 bn valuation
VCCircle
·
10m ago
Medial
- Hyundai's India IPO is set to open for subscriptions next week, aiming for a valuation of up to $19 billion. - The IPO will be Hyundai's first stock market listing outside South Korea and the first carmaker IPO in India in two decades. - The $3 billion IPO will be available for institutional investors from Oct. 14, with bids from retail and other categories accepted from Oct. 15-17. - At the upper end of the price range, Hyundai will be valued at approximately $19 billion, with trading scheduled to start on Oct. 22. - Hyundai plans to regain market share in India through the expansion of its SUV lineup and the introduction of electric and gasoline-powered models tailored to the Indian market. - The IPO will not involve the issuance of new shares, with Hyundai's South Korean parent company selling up to 17.5% of its stake in the wholly owned Indian unit.
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GIC, BlackRock snap up Hyundai India shares in record $3.3 bn IPO
VCCircle
·
9m ago
Medial
Hyundai Motor India has raised $989.4m by selling shares to institutional investors, including BlackRock and Fidelity, in the country's largest IPO yet. The initial public offering, which is expected to raise $3.3bn in total, saw the Singapore government and BlackRock acquire shares worth a combined $77.3m, while Fidelity purchased shares worth $76.5m. Hyundai India will not issue new shares, with its Korean parent instead selling up to 17.5% of its stake in the unit, which would be valued at up to $19bn, when listed in Mumbai on 22 October.
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India growth story robust, not concerned about near-term pressures in auto industry, says Hyundai's Tarun Garg
Money Control
·
9m ago
Medial
Hyundai Motor Company sees great potential in the Indian market and believes it is outpacing other economies in terms of automotive industry growth, according to Tarun Garg, COO of Hyundai Motor India. Despite near-term pressures in the industry, Garg states that the Indian growth story is robust and the market rebounds quickly. Hyundai plans to launch three to four electric vehicles and establish a strong EV charging infrastructure. They also aim to localize the EV supply chain to gain a larger market share in the EV space.
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Awfis IPO on May 22: All you need to know
Economic Times
·
1y ago
Medial
Indian flexible workspace solutions provider Awfis Space Solutions Limited is preparing to launch its IPO on May 22, with a subscription window closing on May 27. The IPO will consist of a fresh issue of shares valued at up to INR 128 crore ($18 million), and existing investors Peak XV Partners and Bisque Ltd are also divesting their stakes. Awfis plans to use the proceeds for expansion, establishing new centres, working capital requirements, and general corporate purposes. While the company has seen significant revenue growth, it has also incurred losses. Awfis offers flexible desk solutions, customised office spaces, and additional services.
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Hyundai Motor India expected to file draft IPO papers with Sebi today
Livemint
·
1y ago
Medial
Hyundai Motor India Ltd. is expected to file draft papers for its initial public offering (IPO) by Friday, which could potentially be the biggest share sale in the country. The IPO, initially estimated at $3-3.5 billion, is now expected to be closer to $2.5-3 billion. Hyundai aims to provide potential investors with its growth strategy and plans for product development and market expansion. This IPO is crucial for Hyundai as it aims to compete against established automotive giants and enhance its market value. Additionally, the IPO will generate capital for shareholder returns and set a precedent for other Korean companies seeking international listings.
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Hyundai under pressure from Tata, Mahindra as $3.5 billion India IPO looms
Livemint
·
1y ago
Medial
Indian automakers Tata Motors and Mahindra & Mahindra are closing in on Hyundai's position as the second-largest automobile manufacturer in India. The competition comes as Hyundai prepares for a $3.5 billion IPO of its local unit. While Hyundai has long battled with Tata Motors for the second spot, Mahindra has been steadily climbing up the charts due to the increasing popularity of larger passenger vehicles in India. This tussle for sales in India, one of the world's fastest-growing automobile markets, comes as Hyundai plans to gauge investor interest ahead of its expected IPO later this year.
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