Hyundai Motor India IPO: With its Initial Public Offering (IPO), Hyundai Motor India, one of the top companies in the Indian car industry, has made a big move. The Hyundai Motors India IPO, which has an enormous offering size of ₹27,870 crore, is poised to be the biggest IPO in Indian stock market. This action is expected to be a way for the South Korean automaker to strengthen its position in India and accelerate its rate of expansion. As of now, Hyundai Motors India holds a solid second place in the domestic market, competing closely with giants like Maruti Suzuki, Tata Motors, and Mahindra & Mahindra.
Hyundai Motors India’s Market Position
In India’s competitive auto industry, Hyundai Motors has established a strong presence. About 15% of the domestic market was held by the Hyundai Motors as of FY 2024. Hyundai is now behind the industry leader, Maruti Suzuki, thanks to its substantial market share. Hyundai has put a lot of effort into growing its market share over the years. By December 2023, it had a total of 1,366 sales outlets and 1,550 service centers across the country.
Hyundai offers a wide range of cars. Its lineup includes 13 models, from sedans to SUVs. This variety appeals to a large number of customers. Hyundai focuses on innovation. It also provides smooth after-sales service. These factors have helped it build strong customer loyalty in India. The company benefits from advanced R&D support from Korea. Additionally, it has an automated factory in Chennai. This setup helps Hyundai optimize its operations. It also allows the company to meet the growing demands of the Indian market efficiently.
Growth Prospects for Hyundai Motor India
The Hyundai Motors India IPO has drawn attention because of its large size and expected impact. Although it started slow in the grey market, experts are still positive about Hyundai’s growth after the IPO. The company has a strong track record of financial performance. For example, in the quarter ending June 2024, Hyundai Motors India posted a net profit of ₹1,489.65 crore, with revenue reaching ₹17,567.98 crore. This upward trend continued in the financial year ending March 2024, where Hyundai’s net profit stood at ₹6,060.04 crore, along with revenue of ₹71,302.33 crore.
Experts predict that Hyundai’s growth prospects will be favourable in the future. The company’s emphasis on providing high-end goods, launching new models, and upholding a strong brand presence in India will support its further expansion. The growing need for environmentally friendly transportation options is also well-aligned with Hyundai’s focus on electric cars and eco-friendly technology. A key aspect of this strategy is the upcoming Hyundai Creta EV.
Post-IPO Outlook of Hyundai Motors
The dates of the Hyundai Motors India initial public offering are October 15–17, 2024. This allows investors to participate in the future expansion of the company. A minimum lot size of seven equity shares and their multiples is required, and the share price is fixed between ₹1,865 and ₹1,960. Hyundai’s consistent financial performance and dominant market position are anticipated to draw long-term investors.
Following its initial public offering (IPO), Hyundai hopes to use the money acquired to grow its business, improve the range of products it offers, and fortify its position in the quickly changing Indian car industry. The company has a long history of consistent market performance and satisfied customers, which suggests that it is in a good position to handle any difficulties that could come up after the initial public offering.
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