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Hyundai India

Hyundai India says localisation saved it Rs 5,700 cr in forex since 2019

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

Hyundai India says localisation saved it Rs 5,700 cr in forex since 2019
Updated On : 21 Jan 2025 | 11:35 PM IST

Hyundai Creta Electric interiors revealed ahead of Jan 17 launch: Details

Hyundai India has been gradually revealing details of Creta Electric ahead of its launch, giving us an idea of what the new EV will look like on the inside and its feature offerings

Hyundai Creta Electric interiors revealed ahead of Jan 17 launch: Details
Updated On : 12 Jan 2025 | 5:08 PM IST

Citi initiates coverage with 'Buy' on Hyundai Motor India; share up 3%

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

Citi initiates coverage with 'Buy' on Hyundai Motor India; share up 3%
Updated On : 07 Jan 2025 | 1:52 PM IST

Creta Electric SUV: A new chapter in Hyundai's EV design and performance

The new Hyundai Creta Electric will be offered in 10 body colour options and four variants

Creta Electric SUV: A new chapter in Hyundai's EV design and performance
Updated On : 05 Jan 2025 | 11:56 AM IST

Creta drives Hyundai to record sales with a stellar performance in 2024

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

Creta drives Hyundai to record sales with a stellar performance in 2024
Updated On : 03 Jan 2025 | 8:06 PM IST

Hyundai India starts $3.3 billion IPO in country's largest ever share sale

Hyundai will not issue new shares in the IPO, in which its South Korean parent will sell up to 17.5 per cent of its stake in the wholly-owned unit that will be valued at up to $19 billion

Hyundai India starts $3.3 billion IPO in country's largest ever share sale
Updated On : 14 Oct 2024 | 8:43 AM IST

Hyundai India plans Rs 32,000 cr expansion, aims for 1.1 mn units by 2028

IPO-bound Hyundai India plans to invest in boosting production capacity, developing new products and platforms, and launching new models

Hyundai India plans Rs 32,000 cr expansion, aims for 1.1 mn units by 2028
Updated On : 12 Oct 2024 | 12:40 PM IST

Hyundai Motor India to launch $3 bn IPO on Oct 15, know its operations

Hyundai aims to reach production of about 1 million units a year with the acquisition of a former General Motors plant in western Maharashtra state

Hyundai Motor India to launch $3 bn IPO on Oct 15, know its operations
Updated On : 09 Oct 2024 | 2:00 PM IST

Hyundai India to open $3 billion IPO at Rs 1,865-1,960 price band: Report

The $3 billion IPO will open for subscriptions for big institutional investors on Oct 14, and invite bids from retail and other categories during Oct 15-17

Hyundai India to open $3 billion IPO at Rs 1,865-1,960 price band: Report
Updated On : 08 Oct 2024 | 2:40 PM IST

Hyundai India deserves valuation premium to Maruti, says Nomura note

Korean automaker's Indian unit expanding market share and benefits from being part of larger Hyundai Motor Company, it says

Hyundai India deserves valuation premium to Maruti, says Nomura note
Updated On : 26 Sep 2024 | 11:43 PM IST

Hyundai Motor adds two new variants under EXTER portfolio

Automobile major Hyundai Motor India has rolled out two new variants on its popular entry level sports utility vehicle EXTER, the company said on Friday. The S(O)+ variant, equipped with manual transmission is priced at Rs 7,86,300 (ex-showroom) while S+ variant is an automated manual transmission (AMT) offered at Rs 8,43,900 (ex-showroom). Some of the key features of the newly added variants include smart electric sunroof, digital cluster with Colour TFT multi-information display, an 8" touchscreen infotainment system with Android Auto and Apple CarPlay, rear air-conditioner vents among others. In a company statement, Hyundai said the new EXTER variants come with six air bags, 3-point seatbelts for all seats, tyre-pressure monitoring system, Electronic Stability control among others. Hyundai Motor India, in August, reported a 12 per cent year-on-year decline in its sales to 63,175 units as compared to 71,435 units sold in the same month of last year.

Hyundai Motor adds two new variants under EXTER portfolio
Updated On : 06 Sep 2024 | 6:03 PM IST

Hyundai India targeting to raise record $3.5 billion through IPO: Report

A representative for Hyundai India declined to comment. IFR and India media have previously reported the IPO could raise about $3 billion

Hyundai India targeting to raise record $3.5 billion through IPO: Report
Updated On : 02 Jul 2024 | 10:16 PM IST

Hyundai Motor IPO: Here are the top 10 biggest IPOs in Indian history

If successful, this IPO will mark Hyundai Motor Co.'s first listing outside of South Korea

Hyundai Motor IPO: Here are the top 10 biggest IPOs in Indian history
Updated On : 18 Jun 2024 | 9:11 AM IST

Hyundai sales rise 9.5% to 63,701 units in April; exports at 13,500

Hyundai Motor India on Wednesday said its wholesales rose by 9.5 per cent year-on-year to 63,701 units in April. The automaker had dispatched 58,201 units in the same month last year. Domestic wholesales saw an increase of 1 per cent to 50,201 units last month from 49,701 units in the year-ago period. Exports rose by 59 per cent to 13,500 units in April this year as against 8,500 units in April 2023. In April, the company achieved a fourth consecutive month of 50,000-plus domestic sales this year, Hyundai Motor India COO Tarun Garg said. Driven by models like Creta, Venue and Exter, SUVs continued to be a growth driver contributing 67 per cent of automaker's domestic sales, he added.

Hyundai sales rise 9.5% to 63,701 units in April; exports at 13,500
Updated On : 01 May 2024 | 1:41 PM IST

Expect rural sales contribution at record levels in FY25: Hyundai official

Hyundai Motor India expects sales contribution from rural areas to remain at record levels in the current fiscal as well on account of various factors including anticipation of a favourable monsoon, according to a senior company executive. The country's second-largest automaker, which sells models like Creta and Venue, reported 11 per cent growth in rural areas last fiscal as compared to 4 per cent in urban centres. "We are confident that the contribution from rural markets to our total sales will grow further to around 20 per cent this financial year," Hyundai Motor India COO Tarun Garg told PTI. The automaker plans to further expand its presence in smaller towns as it firmly believes that for the nation to prosper, both rural and urban regions must progress in tandem, he added. Garg noted that rural sales accounted for an all-time high of 19 per cent of the company's total sales in FY23. Hyundai Motor India registered its highest ever total sales of 7,77 876 units in 2023-24 wit

Expect rural sales contribution at record levels in FY25: Hyundai official
Updated On : 21 Apr 2024 | 11:51 PM IST

Hyundai Motor picks JPMorgan, Citi to accelerate $3 billion IPO: Report

The company plans to file regulatory papers in India by May to June for an approval, said two of the three sources, all of whom declined to be named as the talks are private

Hyundai Motor picks JPMorgan, Citi to accelerate $3 billion IPO: Report
Updated On : 09 Feb 2024 | 10:47 PM IST

Hyundai Motor India may launch India's largest IPO ever this Diwali

At the upper band, the valuation of Hyundai India would be around Rs 23.3 trillion, more than Mahindra & Mahindra and Bajaj Auto

Hyundai Motor India may launch India's largest IPO ever this Diwali
Updated On : 05 Feb 2024 | 9:43 AM IST

Hyundai buys GM's Talegaon plant, will invest Rs 6,000 cr in Maharashtra

Plant will be 'catalyst' in achieving Hyundai India's target of achieving one million annual production capacity, says company

Hyundai buys GM's Talegaon plant, will invest Rs 6,000 cr in Maharashtra
Updated On : 19 Jan 2024 | 11:39 PM IST

India can become biggest market for Hyundai globally in near future: CEO

India can become the biggest market for South Korean auto major Hyundai globally in the near future with demand for automobiles expected to remain strong, Hyundai Motor India Ltd (HMIL) MD and CEO Unsoo Kim said on Friday. HMIL accounts for 18.6 per cent (in the January-September period) of the South Korean automaker's global volumes. It expects to breach the 20 per cent mark in the next 2-3 years. It is in the third position after the US and South Korean markets. "We are currently number three after the US and Korea and we aim to be number one in the near future," Kim told reporters here. HMIL's contribution to Hyundai global sales stood at 15.6 per cent in 2019. Elaborating on the domestic market, the automaker noted that it expects to close the current year with 6 lakh units, its highest ever yearly sales volume in the country so far beating the previous best of 5.5 lakh units posted last year. The company is also looking at ending 2023 with its highest-ever total annual sales

India can become biggest market for Hyundai globally in near future: CEO
Updated On : 17 Nov 2023 | 10:55 PM IST

Riding on fresh demand, Hyundai Motor sees around 9% growth in FY24

Between January to December 2022, HMIL had sold 552,511 units, a 9 percent YoY growth

Riding on fresh demand, Hyundai Motor sees around 9% growth in FY24
Updated On : 12 Sep 2023 | 10:32 PM IST