Hyundai’s stock market debut: India-focused commitment decoded – Times of India

Hyundai Motor Company has taken a major step in reinforcing its commitment to India by making its debut on the Indian stock exchanges. On Tuesday, Hyundai Motor India‘s shares listed at Rs 1,931 on the BSE. On the NSE, the stock is listed at Rs 1,934. The Rs 27,870 crore IPO was the biggest-ever in India. It saw 2.3 times oversubscription, with a full subscription coming in on the final day.
This move signals Hyundai’s strong belief in India’s potential as a growing automotive market.In fact, India is ahead of China and is the third-largest global market for the South Korean carmaker. India’s expanding middle class and increasing demand for vehicles make it a key market for global automakers, and Hyundai’s stock listing is seen as a long-term bet on this growth trajectory.

Hyundai Motor India: Upcoming models

Looking ahead, the manufacturer has a robust pipeline of models aimed at further strengthening its foothold in India. After recent successful launches of models like the facelifted Creta, Verna, and Alcazar, the company is gearing up to introduce the next-gen Venue and Tucson. Additionally, electric and hybrid models, including the much-anticipated Ioniq 6, are expected to enter the Indian market soon.

Hyundai Motor India: New manufacturing facility, Creta EV

Besides these developments, the company is setting up a new manufacturing facility in Pune, while also ramping up capacity at its existing plants. One of the most highly anticipated launches is the Creta EV, which will mark Hyundai’s entry into the competitive electric vehicle space. The ICE version of the Creta has been a dominant force in the Indian market since 2015, and with the upcoming electric version, Hyundai is aiming to capture a share of the BEV market. The Creta EV is expected to come with a 45 kWh battery, offering a range of up to 450 km.
That said, Hyundai Motor India, already one of the leading carmakers in India, aims to turn India as its biggest global market. Although, a timeline for that hasn’t been confirmed by the company yet but the company’s listing and future plans comprising product development, manufacturing expansion, and share market debut is a good sign.