Mon Oct 14 04:23:08 UTC 2024: ## Hyundai Motors India gears up for IPO, aiming to become a major player in the EV market
**MUMBAI, INDIA** – Hyundai Motors India is set to launch its initial public offering (IPO), marking the largest IPO in the country since Life Insurance Corporation of India (LIC). The company plans to raise ₹27,870 crore through an offer for sale (OFS) of 14.21 crore shares, with a price range of ₹1,885-1,960 per share.
Hyundai Motors India, currently the second largest car manufacturer in the country, is planning to utilize the IPO proceeds for expansion and investment in electric vehicles (EVs). The company is eyeing a major role in India’s burgeoning EV market, leveraging its parent company’s expertise and technology.
**Key highlights of Hyundai Motors India’s IPO:**
* The IPO will involve an offer for sale of 14.21 crore shares, with a price range of ₹1,885-1,960 per share.
* The company aims to raise ₹27,870 crore through the IPO.
* Hyundai Motors India is currently the second largest car manufacturer in India.
* The company plans to invest in expanding its manufacturing capabilities and developing its EV portfolio.
* Hyundai Motors India is looking to leverage its parent company’s global expertise and technology in the EV space.
**Strategic expansion plans:**
Hyundai Motors India has recently commissioned a new plant near Chennai with a capacity of 8.2 lakh units. The company also acquired General Motors’ plant in Maharashtra, which is expected to be operational by the second half of FY2026. Hyundai is aiming to increase its export share to 20% of total revenue, with a target of 21% annual growth in exports over the next two years.
**Focus on the EV market:**
Hyundai Motors India is looking to capitalize on the rising demand for EVs in India. The company plans to introduce more EV models and invest in charging infrastructure. The IPO is seen as a key step towards achieving these goals.
**Investment considerations:**
While Hyundai Motors India’s IPO presents an opportunity for investors, it is important to note that the market is highly competitive, with players like Tata Motors and Mahindra & Mahindra aggressively expanding their EV offerings.
**Disclaimer:** This article provides an overview of Hyundai Motors India’s IPO and should not be considered investment advice. The stock market carries inherent risks, and investors should conduct their own due diligence before making any investment decisions.
First Piper 