Hyundai Motor India: Poised for India’s Largest IPO

10 October 2024

Hyundai Motor India Limited  is gearing up for an IPO aiming to raise around ₹25,000 crore ($3 billion), potentially making it India’s biggest public offering yet. This strategic listing will not only mark a major milestone for Hyundai, but it will also provide investors with a unique opportunity to tap into one of India’s most dominant and financially sound car manufacturers. Hyundai’s long-established presence in India, coupled with its ongoing innovations, places it in a favorable position for strong post-IPO performance, particularly with increasing EV demand on the horizon.

For over two decades, Hyundai Motor India has played a pivotal role in shaping the country's automotive landscape. Known for popular models like the Creta, Venue, and the electric Kona, Hyundai is also the leading exporter of passenger vehicles from India. The approval of Hyundai's IPO by SEBI is a testament to the company's robust financial health and growth prospects. Analysts believe that Hyundai Motor India deserves a valuation premium over its competitors, including Maruti Suzuki, due to its strong market position and consistent performance. 

The IPO proceeds are expected to fuel Hyundai’s expansion plans, increase production capacity, and drive further investment in electric and hybrid vehicle development. With a robust financial track record and a solid growth outlook, the upcoming IPO is bound to attract substantial investor interest, both locally and internationally.