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Hyundai Motor to sell over 14.2 mn shares in Indian subsidiary for IPO Hyundai Motor said on Tuesday it has decided to sell a 17.5 per cent share in its Indian subsidiary for the initial public offering (IPO) it plans for this year.  The South Korean automaker said in a regulatory filing it will sell 142.19 million shares in Hyundai Motor India, bringing its share down to 82.5 percent. Hyundai has not specified the exact date and the range for the IPO pricing, but it seeks to go public within this year with an aim to raise up to 4 trillion won ($2.96 ...
Hyundai Motor to sell over 14.2 mn shares in Indian subsidiary for IPO
Hyundai Motor to sell over 14.2 mn shares in Indian subsidiary for IPO
Source: IANS
2024-10-09 09:53:12 am
Volkswagen`s Skoda CEO sees opportunity to launch hybrid cars in India Volkswagen's Skoda sees an opportunity to launch hybrid cars in India to expand its fuel choices for consumers and cut emissions, Skoda Auto's CEO said in New Delhi on Tuesday. Skoda already has four models in India, including SUVs and sedans, but this is the first time the carmaker is considering bringing hybrid cars to the South Asian nation. "We also have something in between battery electric vehicles and purely combustion engine cars," Klaus Zellmer told a conference, ad...
Volkswagen`s Skoda CEO sees opportunity to launch hybrid cars in India
Volkswagen`s Skoda CEO sees opportunity to launch hybrid cars in India
Source: Reuters
2024-09-10 05:25:39 pm
Hyundai`s car selling prices soared over past 5 yrs, shows data Hyundai Motor's vehicle selling prices soared over the past five years due to a weak won (South Korean currency), higher costs and high-end models, the company's data showed on Monday. In the domestic market, the average selling price of Hyundai's passenger vehicles rose to 53.19 million won (about $39,210) in the January-March period, up 41 per cent from 37.74 million won (around $27,821) for all of 2019, according to the company's earnings reports. Hyundai's overse...
Hyundai`s car selling prices soared over past 5 yrs, shows data
Hyundai`s car selling prices soared over past 5 yrs, shows data
Source: IANS
2024-05-20 01:51:18 pm
Hyundai Motor beats Volkswagen in Q1 operating profit South Korea's Hyundai Motor Group beat Volkswagen Group to rank second after Toyota Group in operating profit for the January-March period, their earnings data showed on Sunday. In the first three months, Hyundai Motor Group posted an operating profit of 6.98 trillion won ($5.08 billion), higher than 6.78 trillion won reported by the German carmaker, according to their earnings results. The won's weakness against the US dollar and strong sales of high-end models in the US and ot...
Hyundai Motor beats Volkswagen in Q1 operating profit
Hyundai Motor beats Volkswagen in Q1 operating profit
Source: IANS
2024-05-12 10:28:51 am