Hyundai Motor

Automaker will assemble EV battery packs at new facility in Chennai, says senior executie

The company has lined up three more electric vehicles (EVs) after the Creta EV

The Japan launch of the Hyundai Inster follows attempts by foreign brands such as Tesla to enter a country which has seen a slow take-up of EVs

The rise in Hyundai India share came after global brokerage firm Citi Research initiated coverage with 'Buy' for target price of Rs 2,250

According to data available with BS, the number of rakes handled by Railways for the automotive sector between April, December of FY25 stood at 5,651 units, up from 5,198 rakes in FY24

The new-gen Hyundai Creta crossed 100,000 unit sales within six months in 2024, with annual sales of 186,919 units. The SUV accounted for 31 per cent of the brand's overall sales during the year

India's second-largest carmaker is set to launch its first mass-market electric car, the Creta EV, in the coming months

Up to 4% increase to be effective from Jan 1; higher input costs drive the move

The price increase will come into effect from Jan. 1, 2025, the country's No.2 carmaker by market share said

Hyundai Motor Group (the Group) plans to invest around $7 million over five years, from 2025 to 2029, to jointly conduct battery and electrification-related research with the four IIT universities

Hyundai Motor India Ltd (HMIL) on Thursday said it will set up two renewable energy plants at its vehicle manufacturing unit in Tamil Nadu as part of the company's move to transition to 100 per cent renewable electricity across manufacturing operations by 2025. The company has signed a power purchase and shareholder agreement with Fourth Partner Energy Ltd (FPEL) for the purpose of setting up of a 75 MW solar plant and a 43 MW wind power plant to cater to its renewable energy requirements, Hyundai Motor India Ltd (HMIL) said in a statement. These facilities will operate under a group captive mode with a special purpose vehicle (SPV) formed for engineering, procurement, construction, operations and maintenance. HMIL will hold 26 per cent and FPEL will hold 74 per cent equity stake in the project, it added. This long-term agreement will ensure a 25-year supply of renewable energy to HMIL, the company said. "As part of this partnership, HMIL will invest Rs 38 crore towards setting up

The company's shares fell nearly 3 per cent before recovering to trade down about 1 per cent in late afternoon trading

Some analysts said its stock price decline on Thursday reflected disappointment about the lack of a shareholder return policy following the Indian IPO

The debut may set the tone for a string of other billion-dollar-plus deals coming to the market in India

Hyundai's compatriot LG Electronics Inc. is also reported to be preparing for a potential IPO of its Indian unit

Fees from handling equity share sales hit Rs 3K cr in 2024

The plant is part of a commitment by Hyundai Motor and LGES to invest up to $9.8 billion in Southeast Asia's largest economy to develop an EV supply chain

Back home, out of the last seven big IPOs to hit the Dalal Street (D-Street) since 2007, the Sensex has lost ground five times post the stocks of these companies debuted at the exchanges

Hyundai Motor India IPO: How does Hyundai compare with Indian listed peers? Check key metrics here