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Buy Hyundai Motor India Ltd For Target Rs.2,194 By Yes Securities Ltd Powerful Lineage, Promising Levers We initiate coverage on Hyundai Motor India (HMIL) with BUY (TP of Rs2,194) at 24x FY27E), valuing the stock at par with MSIL. Although HMIL is aligned well with PV segment trends, its growth has been capacity-constrained as reflected in lower domestic volume CAGR of ~9% (vs ~16% for industry) over FY21-24. The GM plant acquisition will surely boost growth through vital capacity addition in phases. Besides leveraging the strong parentage of Hyundai Motor ...
Buy Hyundai Motor India Ltd For Target Rs.2,194 By Yes Securities Ltd
Buy Hyundai Motor India Ltd For Target Rs.2,194 By Yes Securities Ltd
Source: Yes Securities Ltd
2024-12-17 10:48:44 am
Maruti Suzuki, JSW MG Motor hike car prices following Hyundai India India's top carmaker Maruti Suzuki and smaller rival JSW MG Motor on Friday said they will hike car prices to tackle rising raw material and operational costs, joining Hyundai Motor India. Maruti plans to hike prices by up to 4%, depending on the model, while JSW MG Motor - a joint venture between SAIC Motor and JSW Group - plans to hike prices by up to 3% across products. Both will be effective January 2025. Indian automakers are grappling with higher costs from rising global co...
Maruti Suzuki, JSW MG Motor hike car prices following Hyundai India
Maruti Suzuki, JSW MG Motor hike car prices following Hyundai India
Source: Reuters
2024-12-07 10:03:27 am
After Hyundai, Mahindra hikes prices across SUV, CV range by up to 3 pc  Mahindra & Mahindra on Friday announced a price hike for its SUV and commercial vehicle (CV) range, effective from January next year.  The extent of the price increase across different SUVs and commercial vehicles will be up to 3 per cent, the automaker said in a statement. “This adjustment is in response to the rising costs due to inflation and increased commodity prices,” it added. Mahindra said it has made efforts to absorb as much of these additional co...
After Hyundai, Mahindra hikes prices across SUV, CV range by up to 3 pc
After Hyundai, Mahindra hikes prices across SUV, CV range by up to 3 pc
Source: IANS
2024-12-07 09:16:27 am
Maruti Suzuki hikes car prices by up to 4% following Hyundai India India's top carmaker Maruti Suzuki on Friday said it will hike car prices by up to 4% to tackle rising raw material and operational costs, as it joins rival Hyundai Motor India. Maruti's shares rose as much as 1.7% to the day's high of 11,375.95 rupees after the announcement, its second one this year. The hike, which is set to vary depending on the model, will come into effect from Jan. 1, 2025 and is higher than its 0.45% hike in January. Hyundai India on Thursday also s...
Maruti Suzuki hikes car prices by up to 4% following Hyundai India
Maruti Suzuki hikes car prices by up to 4% following Hyundai India
Source: Reuters
2024-12-06 01:55:43 pm
Hyundai Motor India to hike prices up to Rs 25,000 across models from Jan 1 Hyundai Motor India Limited (HMIL) on Thursday announced to increase prices across its model range effective from January 1, 2025, owing to an increase in input costs and other factors.  The price increase will be done across models, and the extent of increase will be up to Rs 25,000. The price increase has been necessitated owing to an increase in input costs, adverse exchange rate and increase in logistics costs, the automaker said in a statement. "At Hyundai Motor India Lim...
Hyundai Motor India to hike prices up to Rs 25,000 across models from Jan 1
Hyundai Motor India to hike prices up to Rs 25,000 across models from Jan 1
Source: IANS
2024-12-05 11:57:37 am
Hyundai Motor India declines on registering 7% fall in total sales in November 2024 Hyundai Motor India is currently trading at Rs. 1881.05, down by 34.65 points or 1.81% from its previous closing of Rs. 1915.70 on the BSE. The scrip opened at Rs. 1870.05 and has touched a high and low of Rs. 1915.00 and Rs. 1870.05 respectively. So far 19395 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1968.80 on 22-Oct-2024 and a 52 week low of Rs. 1688.25 on 18-Nov-2024. Last one week high and low of the...
Hyundai Motor India declines on registering 7% fall in total sales in November 2024
Hyundai Motor India declines on registering 7% fall in total sales in November 2024
Source: Accord Fintech
2024-12-02 03:41:39 pm
Buy Hyundai Motor Ltd For Target Rs.2,235 By Motilal Oswal Financial Services Ltd Weak demand & high discounts dent 2Q performance  Well-positioned to benefit from the premiumization trend in India * Hyundai Motor (HMI)’s 2QFY25 performance was hit by ~9% YoY volume decline and higher discounts, leading to a 30bp YoY/70bp QoQ EBITDA margin contraction to 12.8%. While the PV industry’s demand remains moderate, we expect HMI to post steady growth given its favorable SUV mix and strong export opportunities going forward. * We broadly retain our F...
Buy Hyundai Motor Ltd For Target Rs.2,235 By Motilal Oswal Financial Services Ltd
Buy Hyundai Motor Ltd For Target Rs.2,235 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-12-02 03:38:41 pm
Hyundai, Kia`s Europe sales down 7.5 pc in October  Combined vehicle sales of Hyundai Motor and Kia, South Korea's leading automakers, in Europe fell 7.5 per cent in October from a year ago, industry data showed on Thursday.  According to data from the European Automobile Manufacturers' Association (ACEA), Hyundai and Kia sold a combined 82,840 units in Europe last month. ACEA data showed Hyundai Motor's sales dropped 3.9 per cent to 41,594 units, while those of Kia dropped 11 per cent to 41,246 units, reports Yonh...
Hyundai, Kia`s Europe sales down 7.5 pc in October
Hyundai, Kia`s Europe sales down 7.5 pc in October
Source: IANS
2024-11-21 06:23:19 pm
Hyundai Motor India to set up 2 renewable energy plants for Rs 38 crore Hyundai Motor India Limited (HMIL) on Thursday announced to set up two renewable energy plants in Tamil Nadu with an investment of Rs 38 crore.  The automaker will establish a 75 megawatt (MW) solar plant and a 43 MW wind power plant in the state with Fourth Partner Energy Limited (FPEL), to cater to the company’s renewable energy requirements. The move is aimed to enhancing HMIL’s renewable energy portfolio and transition to 100 per cent renewable electricity across it...
Hyundai Motor India to set up 2 renewable energy plants for Rs 38 crore
Hyundai Motor India to set up 2 renewable energy plants for Rs 38 crore
Source: IANS
2024-11-21 02:05:58 pm
Hyundai Motor gains on signing Power Purchase agreements with FPEL TN Wind Farm Hyundai Motor is currently trading at Rs. 1856.00, up by 26.95 points or 1.47% from its previous closing of Rs. 1829.05 on the BSE. The scrip opened at Rs. 1793.25 and has touched a high and low of Rs. 1856.00 and Rs. 1788.45 respectively. So far 22432 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1968.80 on 22-Oct-2024 and a 52 week low of Rs. 1688.25 on 18-Nov-2024. Last one week high and low of the scrip s...
Hyundai Motor gains on signing Power Purchase agreements with FPEL TN Wind Farm
Hyundai Motor gains on signing Power Purchase agreements with FPEL TN Wind Farm
Source: Accord Fintech
2024-11-21 11:02:32 am
Reduce Hyundai Motor India Ltd For Target Rs.1,750 By Emkay Global Financial Services Hyundai Motor India (HMIL) logged a soft quarter, with revenue/EBITDA down 8%/10% YoY, respectively; EBITDA margin declined by 70bps QoQ to 12.8% on lower volumes and higher discounts. HMIL has guided to a low-single digit PV industry growth on a high base and a challenging demand scenario. HMIL has established a strong franchise in India; but lack of major launches (key growth driver historically in PVs) over the next 9-12M, muted ~5% capacity CAGR, higher royalty, and lower treasury income ...
Reduce Hyundai Motor India Ltd For Target Rs.1,750 By Emkay Global Financial Services
Reduce Hyundai Motor India Ltd For Target Rs.1,750 By Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-11-19 12:48:05 pm
Hyundai Motor promotes global COO Munoz as CEO in major reshuffle Hyundai Motor on Friday promoted Jose Munoz, the company's global chief operating officer (COO), as its new CEO, appointing a foreign national to the top post for the first time since its foundation more than five decades ago.  Hyundai Motor promotes global COO Munoz as CEO in major reshuffleMunoz has served as global COO of Hyundai Motor and the president and CEO of Hyundai and Genesis Motor North America. Prior to joining Hyundai, Munoz served as chief performance officer for Ni...
Hyundai Motor promotes global COO Munoz as CEO in major reshuffle
Hyundai Motor promotes global COO Munoz as CEO in major reshuffle
Source: IANS
2024-11-15 10:07:22 am
Hyundai plans to make India a car production hub for emerging markets Hyundai Motor India (HMI), the country’s second largest carmaker, has drawn up ambitious expansion plans for making India a production hub that will also cater to the rising export demand for its vehicles in the emerging markets.  HMI Managing Director Unsoo Kim said in a conference call that the car major would be expanding production to meet the growing demand in the domestic market as well as the export market in Africa, the Middle East, Latin America and South Asia. "...
Hyundai plans to make India a car production hub for emerging markets
Hyundai plans to make India a car production hub for emerging markets
Source: IANS
2024-11-14 11:41:45 am
Hyundai Motor India shares slip to Rs 1,745, down over 10 pc of IPO price Shares of Hyundai Motor India, that were listed at Rs 1,931 apiece, have slipped more than 10 per cent from its IPO price.  On Wednesday, the stock closed in red at Rs 1,745 apiece, owing to poor performance of the automaker in the second quarter of FY25. At closing, Hyundai Motor India shares were down 3.37 per cent. The shares of Hyundai Motor India, one of the country's leading automobile companies, have continued to decline since its listing. The listing of Hyundai Motor In...
Hyundai Motor India shares slip to Rs 1,745, down over 10 pc of IPO price
Hyundai Motor India shares slip to Rs 1,745, down over 10 pc of IPO price
Source: IANS
2024-11-13 06:24:09 pm
Hyundai Motor India declines on reporting 16% fall in Q2 consolidated net profit Hyundai Motor India is currently trading at Rs. 1721.00, down by 83.45 points or 4.62% from its previous closing of Rs. 1804.45 on the BSE. The scrip opened at Rs. 1786.10 and has touched a high and low of Rs. 1794.45 and Rs. 1713.25 respectively. So far 92894 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1968.80 on 22-Oct-2024 and a 52 week low of Rs. 1713.25 on 13-Nov-2024. Last one week high and low of the...
Hyundai Motor India declines on reporting 16% fall in Q2 consolidated net profit
Hyundai Motor India declines on reporting 16% fall in Q2 consolidated net profit
Source: Accord Fintech
2024-11-13 12:02:50 pm
Hyundai Motor India Q2 net profit declines 16 pc to Rs 1,375 crore Hyundai Motor India Ltd on Tuesday reported a 16 per cent decline in its consolidated net profit to Rs 1,375 crore for the July-September quarter of the current financial year on the back of lower car sales both in the domestic and export markets.  The country’s second-largest car manufacturer had reported a consolidated net profit of Rs 1,628 crore in the year-ago period. This is Hyundai Motor’s first earnings report since listing on the Indian stock exchanges this yea...
Hyundai Motor India Q2 net profit declines 16 pc to Rs 1,375 crore
Hyundai Motor India Q2 net profit declines 16 pc to Rs 1,375 crore
Source: IANS
2024-11-12 05:12:02 pm
Hyundai Motor India`s Q2 profit drops 16.5% on weak demand, Red Sea export disruptions Hyundai Motor India, the country's No.2 carmaker by market share, reported a 16.5% decline in quarterly profit due to lower domestic sales and as Red Sea disruptions hurt exports, its first earnings report since listing showed on Tuesday. The company's shares fell nearly 3% before recovering to trade down about 1% in late afternoon trading. Hyundai, which makes the 'Creta' SUV, said its standalone profit dropped to 13.38 billion rupees ($158.6 million) in the second quar...
Hyundai Motor India`s Q2 profit drops 16.5% on weak demand, Red Sea export disruptions
Hyundai Motor India`s Q2 profit drops 16.5% on weak demand, Red Sea export disruptions
Source: Reuters
2024-11-12 03:41:01 pm
Hyundai Motor pips Volkswagen to become world's 2nd-largest automaker Hyundai Motor Group has outperformed Volkswagen Group to become the world's second-largest automaker in terms of operating profit, industry data showed on Thursday.  According to automotive industry data, Hyundai Motor Group achieved sales of 69.4 trillion won ($49.6 billion) and an operating profit of 6.5 trillion won during the third quarter. For the period from January to September, the South Korean automaker's cumulative sales reached 208.9 trillion won, while operating...
Hyundai Motor pips Volkswagen to become world's 2nd-largest automaker
Hyundai Motor pips Volkswagen to become world's 2nd-largest automaker
Source: IANS
2024-11-07 10:28:50 am
Hyundai Motor India`s stock down 7 pc from issue price, company sales flat in Oct The country's largest IPO, Hyundai Motor India, has disappointed investors to date.  The stock has been continuously declining since its public listing and on Tuesday, the stock closed at Rs 1,829, which is about 7 per cent below the issue price of Rs 1,960. The reason for the weak performance of Hyundai Motor India's stock is the lack of growth in the company's sales. In October, the company sold 55,568 vehicles in the domestic market. It grew by just 0.80 per cent ...
Hyundai Motor India`s stock down 7 pc from issue price, company sales flat in Oct
Hyundai Motor India`s stock down 7 pc from issue price, company sales flat in Oct
Source: IANS
2024-11-06 10:33:01 am
Hyundai Motor India moves up on registering 2% growth in total sales in October 2024 Hyundai Motor India is currently trading at Rs. 1824.05, up by 9.50 points or 0.52% from its previous closing of Rs. 1814.55 on the BSE. The scrip opened at Rs. 1800.25 and has touched a high and low of Rs. 1837.30 and Rs. 1800.00 respectively. So far 7291 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1968.80 on 22-Oct-2024 and a 52 week low of Rs. 1751.65 on 29-Oct-2024. Last one week high and low of the scr...
Hyundai Motor India moves up on registering 2% growth in total sales in October 2024
Hyundai Motor India moves up on registering 2% growth in total sales in October 2024
Source: Accord Fintech
2024-11-05 09:58:10 am
Hyundai Motor India logs 2 pc overall sales growth in Oct, exports up 6.7 pc Hyundai Motor India Limited (HMIL) on Friday said it registered total sales of 70,078 units last month, achieving its third highest domestic sales as well as third highest monthly total sales numbers since inception.  The domestic sales were at 55,568 units and exports stood at 14,510 units in October — a 2 per cent overall sales growth from the year-ago period ( a total of 68,728 units). Exports alone saw 6.7 per cent growth from the same month last year (13,600 units). In t...
Hyundai Motor India logs 2 pc overall sales growth in Oct, exports up 6.7 pc
Hyundai Motor India logs 2 pc overall sales growth in Oct, exports up 6.7 pc
Source: IANS
2024-11-02 08:46:00 am
Buy Hyundai Motor Ltd For Target Rs.2,345 By Motilal Oswal Financial Services Ltd In tune with industry trends One of the few MNCs who has cracked the India PV segment *  Hyundai Motors India (HMI) holds a diverse portfolio mix that covers almost 87% of India’s passenger vehicle (PV) market. HMI boasts a healthy domestic market share in several fast-growing segments, with 34%/20%/18% share in the mid-size SUVs/compact SUVs/premium compact car segments. HMI is well-aligned with the domestic PV industry trends, as 63% of its mix comes from utility vehicles (UV...
Buy Hyundai Motor Ltd For Target Rs.2,345 By Motilal Oswal Financial Services Ltd
Buy Hyundai Motor Ltd For Target Rs.2,345 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-11-01 11:38:04 am
Reduce Hyundai Motor India Ltd For Target Rs. 1,750 By Emkay Global Financial Services Initiate with Reduce; strong franchise, but high valuation amid muted growth outlook We initiate coverage on Hyundai Motor India (HMIL) with REDUCE (TP of Rs1,750, at ~23x core Sep-26E PER, similar to MSIL) amid a lackluster ~5% EPS CAGR over FY24-27E. HMIL has established a strong franchise in India; however, lack of major launches (key growth driver historically in PVs) over the next 12-18M, muted ~5% capacity CAGR, higher royalty, and lower treasury income are likely to restrict EPS gro...
Reduce Hyundai Motor India Ltd For Target Rs. 1,750 By Emkay Global Financial Services
Reduce Hyundai Motor India Ltd For Target Rs. 1,750 By Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-11-01 10:06:39 am
Hyundai Motor India makes muted debut on the BSE Hyundai Motor India has debuted at Rs 1931.00 on the BSE, down by 29 points or 1.48% from its issue price of Rs 1960.00.  The scrip is currently trading at Rs 1869.65, down by 90.35 points or 4.61% from its issue price.  It has touched a high and low of Rs 1968.80 and Rs 1846.00 respectively. So far 9.93 lakh shares were traded on the counter. The offering, which was open for subscription between October 15, 2024 and October 17, 2024 was subscribed 2.37 times. The issue pri...
Hyundai Motor India makes muted debut on the BSE
Hyundai Motor India makes muted debut on the BSE
Source: Accord Fintech
2024-10-22 12:34:42 pm
Hyundai Motor India set to make stock market debut after record IPO The Indian subsidiary of South Korean automotive giant Hyundai Motor is set to make its stock market debut this week following a record initial public offering (IPO), according to industry officials on Monday.  Shares of Hyundai Motor India are set to start trading on the Indian stock market on Tuesday, following last week's $3.3 billion IPO subscription process. It marks Hyundai Motor's first listing outside South Korea and the largest IPO in the history of the Indian stoc...
Hyundai Motor India set to make stock market debut after record IPO
Hyundai Motor India set to make stock market debut after record IPO
Source: IANS
2024-10-21 09:52:05 am
Rupee will need support from central bank amid possible outflows The Indian rupee is expected to hold near all-time lows on Monday amid possible outflows related to the Hyundai Motors India initial public offering and foreign equity outflows. The one-month non-deliverable forward indicated that the rupee will open barely changed from the last close of 84.0650 and not too far away from the 84.0775 lifetime low. For the rupee, the dip past 84 after holding near the level for a number of weeks has been fairly uneventful. Last week, the currency traded i...
Rupee will need support from central bank amid possible outflows
Rupee will need support from central bank amid possible outflows
Source: Reuters
2024-10-21 08:39:55 am
Upcoming IPOs: 9 new public issues including Waaree Energies, 3 new listings scheduled for next week The Indian equity market witnessed a sharp fall in recent weeks but the IPO market sees strong buzz due to new listings and public issues.  In the next week (October 21 to 25), nine Initial Public Offerings (IPOs) worth Rs 10,985 crore will open for retail investors. During this period, there will be a listing of three public issues including Hyundai Motor. Waaree Energies IPO will be the first IPO to open for subscription next week on October 21, with a price band of Rs 1,427-1...
Upcoming IPOs: 9 new public issues including Waaree Energies, 3 new listings scheduled for next week
Upcoming IPOs: 9 new public issues including Waaree Energies, 3 new listings scheduled for next week
Source: IANS
2024-10-20 04:38:01 pm
India sees 14 pc growth in vehicle exports in H1 FY25 The vehicle exports from India bounced back in the first six month of the current financial year (FY25) compared to the same period last fiscal, with more than 2.52 million automobiles shipped abroad.  The auto exports stood at 25,28,248 units in H1 FY25 (compared to 22,11,457 units in H1 FY24) — a 14 per cent jump. Passenger vehicles, two-wheelers and commercial vehicles clocked robust double-digit growth while three-wheelers exports were down 1 per cent (year-on-year) but i...
India sees 14 pc growth in vehicle exports in H1 FY25
India sees 14 pc growth in vehicle exports in H1 FY25
Source: IANS
2024-10-20 01:50:28 pm
India`s primary market on remarkable growth trajectory fuelled by IPO surge India’s primary market is on a remarkable growth trajectory, fuelled by a wave of investor interest and a surge in initial public offering (IPO) activity, experts said on Saturday.  The month of September was quite busy, with 15 draft red herring prospectus (DRHP) filings submitted on just one day — the final day of last month — making it one of the most active periods for IPOs in over 14 years. “So far in 2024, we’ve seen 63 initial public offerings, ...
India`s primary market on remarkable growth trajectory fuelled by IPO surge
India`s primary market on remarkable growth trajectory fuelled by IPO surge
Source: IANS
2024-10-19 12:02:49 pm
Hyundai Motor India's record $3.3 billion IPO fully subscribed on final day of bidding A $3.3-billion initial public offering by Hyundai Motor India was fully subscribed on the final day of bidding on Thursday, with domestic banks and mutual funds buying into the country's first automaker to go public in two decades. As companies rush to go public after a sharp run-up in the Indian equities market this year, Hyundai Motor's first listing outside South Korea ranks as India's biggest ever and the world's second-largest IPO in 2024. Subscription on the final ...
Hyundai Motor India's record $3.3 billion IPO fully subscribed on final day of bidding
Hyundai Motor India's record $3.3 billion IPO fully subscribed on final day of bidding
Source: Reuters
2024-10-17 01:55:34 pm
IPO Note : Hyundai Motor India Ltd By Geojit Financial Services Ltd A Future KEY CHANGES -Ready Auto Player with Strong Parentage : TARGET Hyundai Motor India Ltd. (HMIL), established in 1996, is a wholly owned subsidiary of Hyundai Motor Company (HMC) and the second largest automobile manufacturer in Indian passenger vehicles (~15% market share FY24). HMIL manufactures and sells four-wheeler passenger vehicles. HMIL’s portfolio includes 13 models across various segments along with EVs (electric vehicles) and sold nearly 12 million passenger vehicles...
IPO Note : Hyundai Motor India Ltd By Geojit Financial Services Ltd
IPO Note : Hyundai Motor India Ltd By Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-10-15 04:57:02 pm
Hyundai Motor India raises Rs 8,315 crore from 225 anchor investors ahead of IPO Hyundai Motor India on Monday said it has raised Rs 8,315.28 crore from 225 anchor investor at Rs 1,960 per share (the upper end of the price band), a day before its public issue opening.  It included 21 domestic mutual funds through a total of 83 schemes (34.42 per cent of the total allocation to anchor investors). Global institutional investors like Government of Singapore, New World Fund Inc, Monetary Authority of Singapore, Fidelity, Government Pension Fund Global, and American...
Hyundai Motor India raises Rs 8,315 crore from 225 anchor investors ahead of IPO
Hyundai Motor India raises Rs 8,315 crore from 225 anchor investors ahead of IPO
Source: IANS
2024-10-15 10:35:06 am
Hyundai Motor India to invest Rs 32,000 cr in India, predicts strong EV market growth IPO-bound Hyundai Motor India Ltd (HMIL) has earmarked investments worth around Rs 32,000 crore for India till 2032, as the company predicts a strong and steady EV market growth till 2030.  The company seeks to raise up to $3.26 billion through an IPO and shares are expected to begin trading on October 22. According to the automaker’s IPO papers filed with SEBI, “We entered into four memoranda of understanding with the Government of Tamil Nadu for our Chennai Manufactur...
Hyundai Motor India to invest Rs 32,000 cr in India, predicts strong EV market growth
Hyundai Motor India to invest Rs 32,000 cr in India, predicts strong EV market growth
Source: IANS
2024-10-12 02:17:00 pm
Hyundai to launch $3 billion India IPO next week at 1,865-1,960 rupees per share, sources say  Hyundai Motor India's IPO will open next week for subscriptions and will likely be priced in the range of 1,865 to 1,960 rupees ($22 to $23) per share, sources said on Tuesday, valuing the automaker at up to $19 billion in the country's biggest stock offering this year. The India IPO will be Hyundai's first stock market listing outside South Korea. In India, it will also mark the first carmaker to go public in two decades since Maruti Suzuki in 2003, and comes just after ...
Hyundai to launch $3 billion India IPO next week at 1,865-1,960 rupees per share, sources say
Hyundai to launch $3 billion India IPO next week at 1,865-1,960 rupees per share, sources say
Source: Reuters
2024-10-08 03:37:35 pm
Hyundai Motor India may launch $3 bn IPO on October 14 Hyundai Motor India is likely to launch a $3 billion (about Rs 25,000 crore) Initial Public Offering (IPO) on October 14, according to a report. It would be the largest IPO of India after LIC, which was around Rs 21,000 crore. According to several media reports, Hyundai has given final consent for opening the IPO subscription from October 14 to 16. The report further said that barring any unexpected changes in the market due to the conflict between Iran and Israel in the Middle East,...
Hyundai Motor India may launch $3 bn IPO on October 14
Hyundai Motor India may launch $3 bn IPO on October 14
Source: IANS
2024-10-04 01:46:06 pm
Indian equity capital markets raise record $49.2 bn in Jan-Sep period, IPOs jump 63 pc The India equity capital markets hit a record high and raised $49.2 billion in the first nine months this year (January-September period) -- a massive 115 per cent growth compared to a year ago -- surpassing the annual record set in 2020 by proceeds, a report showed on Thursday.  The number of equity capital market offerings also saw a 61 per cent increase year-on-year, according the report by LSEG, a global financial markets infrastructure and data provider. Initial public offerin...
Indian equity capital markets raise record $49.2 bn in Jan-Sep period, IPOs jump 63 pc
Indian equity capital markets raise record $49.2 bn in Jan-Sep period, IPOs jump 63 pc
Source: IANS
2024-10-03 09:47:17 am
Maruti Suzuki India sells over 1.84 lakh vehicles in August, exports up Leading automaker Maruti Suzuki India on Tuesday said it sold 184,727 vehicles in the month of August, up from 181,343 units sold in the same month last year.  The figure included domestic sales of 148,061 units, sales to other original equipment manufacturers (OEMs) of 8,938 units and exports of 27,728 units, the automaker said in a statement. In the six months of current fiscal (April-September), Maruti Suzuki India sold 1,063,418 units, up from 1,050,085 in the same period last ...
Maruti Suzuki India sells over 1.84 lakh vehicles in August, exports up
Maruti Suzuki India sells over 1.84 lakh vehicles in August, exports up
Source: IANS
2024-10-02 08:32:26 am
Hyundai Motor's cumulative sales likely to exceed 100 mn units this month Cumulative sales volume of South Korean automotive giant Hyundai Motor is likely to exceed the 100 million-unit mark this month, industry projections showed on Thursday.  According to the company data, Hyundai Motor's cumulative car sales from 1968 to the end of July totalled 99.66 million units. This includes 24.36 million units sold domestically and 75.3 million units sold overseas. For August, the company has released tentative data showing that it sold 332,963 units last mo...
Hyundai Motor's cumulative sales likely to exceed 100 mn units this month
Hyundai Motor's cumulative sales likely to exceed 100 mn units this month
Source: IANS
2024-09-05 10:34:06 am
SoftBank-backed OfBusiness plans up to $1 billion India IPO, exec says SoftBank-backed OfBusiness, an Indian shopping website that offers raw materials to businesses, is planning an Indian stock market offering worth up to $1 billion and is close to appointing bankers, a top executive told Reuters on Tuesday. The company is in active talks with Bank of America, Citi, JP Morgan and Morgan Stanley to manage the offer and plans to list on the Indian bourses in the second half of 2025, its Chief Financial Officer Bhavesh Keswani said. The initial public offeri...
SoftBank-backed OfBusiness plans up to $1 billion India IPO, exec says
SoftBank-backed OfBusiness plans up to $1 billion India IPO, exec says
Source: Reuters
2024-09-03 04:59:08 pm
Hyundai Motor register decline, Kia logs growth in overall sales in June Automaker Hyundai Motor India has registered a decline of 1.22 per cent in overall auto sales in the month of June, while Kia India reported a growth of 9.8 per cent, the companies said on Monday. Hyundai Motor registered total sales of 64,803 units -- domestic 50,103 units and exports 14,700 units -- in June 2024, as compared to 65,601 units sold in June last year. The automaker also completed the first half (H1) of 2024, with total sales of 3,85,772 units, achieving a growth of 5.68 p...
Hyundai Motor register decline, Kia logs growth in overall sales in June
Hyundai Motor register decline, Kia logs growth in overall sales in June
Source: IANS
2024-07-01 05:46:08 pm
Hyundai Motor India gears up for IPO to raise up to $3 billion Hyundai Motor India Limited, the Indian arm of the South Korean auto giant, is set to file its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for an IPO to raise around $2.5 billion-$3 billion.  If the listing gets the green signal from the regulator, it will be the country’s biggest IPO after the state-owned Life Insurance Corporation of India’s (LIC) $2.7 billion listing in 2022. The entire issue is likely to be an...
Hyundai Motor India gears up for IPO to raise up to $3 billion
Hyundai Motor India gears up for IPO to raise up to $3 billion
Source: IANS
2024-06-14 04:28:53 pm
Hyundai Motor installs EV charging station in Chennai, plans 100 facilities in Tamil Nadu Automaker Hyundai Motor India on Monday inaugurated its first 180 kW (kilowatts) DC fast public electric-powered vehicles (EV) charging station in Chennai, comprising 150 kW & 30 kW connectors. The company also said that it aims to set up 100 fast public charging stations in Tamil Nadu as part of its commitment to the state. "In line with Hyundai's vision of 'Progress for Humanity', we aim to enhance the convenience of all EV users, and hence our charging stations c...
Hyundai Motor installs EV charging station in Chennai, plans 100 facilities in Tamil Nadu
Hyundai Motor installs EV charging station in Chennai, plans 100 facilities in Tamil Nadu
Source: IANS
2024-05-27 04:37:45 pm
Malabar Gold and Diamonds receives Prestigious Legal Era - Indian Legal Award Malabar Gold and Diamonds, the world's 6th largest jewellery group and ranked 19th in Deloitte's Global Ranking of Luxury Products, receives the country's prestigious 13th Annual Legal Era-Indian Legal Awards in the legal category. The company has been bestowed with the coveted 'Compliance and Risk Management Team of the Year 2023-24' award, underscoring its commitment to legal excellence and ethical business practices. In a competitive landscape featuring prominent cor...
Malabar Gold and Diamonds receives Prestigious Legal Era - Indian Legal Award
Malabar Gold and Diamonds receives Prestigious Legal Era - Indian Legal Award
Source: PR Agency
2024-05-09 12:54:47 pm
Hyundai`s India unit, Tata Motors post higher April sales  Automaker Tata Motors and Hyundai Motor's India unit reported higher sales in April from a year earlier, while sales of truck maker Eicher Motors dipped, monthly data from the companies showed on Wednesday. Each month, automobile makers in India release wholesale numbers, or vehicle sales to dealers. WHY IT'S IMPORTANT The sales numbers are seen as a key indicator of private consumption in India. The auto sector has more than 50% weightage in calculating the country'...
Hyundai`s India unit, Tata Motors post higher April sales
Hyundai`s India unit, Tata Motors post higher April sales
Source: Reuters
2024-05-01 04:09:23 pm
Hyundai Motor, Toray join hands for future mobility materials  Hyundai Motor Group said on Thursday it has forged a strategic partnership with Japanese chemical giant Toray Group to use carbon fibre and other innovative new materials in future mobility products. Under the agreement, Hyundai Motor and Toray plan to jointly develop carbon fibre-reinforced plastic and other lightweight materials to enhance performance and safety involving mobility products, the South Korean auto group said. They also aim to actively apply new materials to future...
Hyundai Motor, Toray join hands for future mobility materials
Hyundai Motor, Toray join hands for future mobility materials
Source: IANS
2024-04-18 11:43:24 am
Hyundai Motor, Kia to partner with India`s Exide Energy on EV batteries Hyundai Motor Co and Kia Corp on Monday signed a memorandum of understanding with India's Exide Energy Solutions Ltd on battery production for their electric vehicles (EVs) in India. The South Korean auto duo said in a statement that their partnership with Exide Energy aims to localise their EV battery production in India, specifically focusing on lithium-iron-phosphate (LFP) cells.
Hyundai Motor, Kia to partner with India`s Exide Energy on EV batteries
Hyundai Motor, Kia to partner with India`s Exide Energy on EV batteries
Source: Reuters
2024-04-08 10:56:44 am
Hyundai`s India unit, Mahindra post higher March sales Mahindra & Mahindra and Hyundai Motor's India unit reported higher car sales in March and both the companies ended fiscal 2024 with record sales figures, monthly data from the automakers showed on Monday. Each month, automobile makers in India release wholesale numbers, or vehicle sales to dealers. Maruti Suzuki, Tata Motors and Hero MotoCorp will report monthly numbers later in the day. WHY IT'S IMPORTANT The numbers are seen as a key indicator of private consumption ...
Hyundai`s India unit, Mahindra post higher March sales
Hyundai`s India unit, Mahindra post higher March sales
Source: Reuters
2024-04-01 03:08:46 pm
India sizzles in global equity capital markets amid deals drought in Asia India's bulging pipeline of large block trades and listings such as the $3 billion IPO of Hyundai Motor's unit will draw more funds to a market whose share of global equity capital market deals hit a quarterly record this year, bankers said. A paucity of deals elsewhere in Asia will add to the impetus for capital flows into India, they added. Higher global interest rates, geopolitical tensions, as well as China's economic slowdown and its move to restrict initial public offe...
India sizzles in global equity capital markets amid deals drought in Asia
India sizzles in global equity capital markets amid deals drought in Asia
Source: Reuters
2024-03-28 03:45:27 pm