The Hyundai Motor India Limited (HMIL) Initial Public Offering (IPO) is one of the most anticipated events in the Indian stock market. The IPO is expected to be open for subscription in October, with a price band between ₹1,700-₹2000 per share. The offering has received approval from the Securities and Exchange Board of India (SEBI), making it one of the largest IPOs in recent years.
The proposed IPO aims to raise around ₹25,000 crores, approximately $3 billion, which will make it one of the biggest listings in India’s automotive industry. Hyundai Motor India has been planning this move for quite some time, and SEBI’s green light signifies that the company has met all regulatory requirements for the public listing. The IPO will help Hyundai strengthen its presence in the Indian market, fund its expansion plans, and invest in newer technologies and products.
Hyundai Motor India Limited Overview
Hyundai Motor India Limited (HMIL), a fully-owned subsidiary of South Korea’s Hyundai Motor Company (HMC), was founded in 1996. The company is based in Gurugram, Haryana, and operates a highly advanced manufacturing facility located in Sriperumbudur, Tamil Nadu. This facility is among the most sophisticated in India, featuring state-of-the-art technology with an impressive annual production capacity exceeding 700,000 vehicles. As a result, Hyundai ranks as the second-largest automobile manufacturer in India.
HMIL has played a pivotal role in transforming the Indian automotive landscape by launching a diverse range of innovative, dependable, and high-quality vehicles. The company’s extensive portfolio encompasses hatchbacks, sedans, SUVs, and electric vehicles. Among its best-selling models are the Hyundai i20, Hyundai Creta, Hyundai Verna, Hyundai Venue, and the Hyundai Kona Electric, all of which cater to various customer preferences.
To enhance customer accessibility, Hyundai has built a strong sales and service network throughout India, comprising over 1,500 customer touchpoints, including dealerships, service centers, and sales outlets. This vast network ensures that customers can access Hyundai products and services even in remote areas. Furthermore, the company has established a research and development center in Hyderabad, focusing on developing and tailoring new technologies and designs specifically for the Indian market.
Hyundai is dedicated to sustainable development and environmental stewardship, which is evident in its initiatives to introduce eco-friendly vehicles like the Hyundai Kona Electric and the forthcoming Ioniq models. The company also prioritizes Corporate Social Responsibility (CSR), with initiatives centered on education, healthcare, and community development.
Renowned for its commitment to quality, innovation, and customer satisfaction, Hyundai Motor India Limited remains a vital participant in the Indian automotive sector, making significant contributions to the nation’s economy while enhancing mobility solutions for consumers.