Hyundai IPO: Hyundai is planning to launch its IPO of $3 billion in the Indian stock market. This will be the biggest-ever IPO any company launched in India till now. The automaker entered into Indian automobile market in 1998 and now the brand is launching its IPO after a long duration of more than two decades. The Hyundai has been seen involved in conversations with Morgan Stanley and JP Morgan for its India IPO. Check more details below.
Hyundai Biggest Ever IPO
South Korean car maker, Hyundai has recently announced that it will be launching its IPO. As per reports, the company plans to launch an IPO in the Indian stock market worth over Rs. 21000 Crores. If Hyundai proves true in its announcement, it will be the biggest IPO ever launched in the history of India.
Will Hyundai’s IPO Affect Maruti Suzuki?
Currently, Hyundai holds the second position after Maruti Suzuki when it comes to passenger vehicle sales in India. If we talk about the market share, Hyundai had over 14% market share in the Indian automobile market in 2023.
On the other hand, the premium brand of Korean automaker, Kia India also managed to have a market share of 6.2 % despite being a newcomer in India. Hyundai continuously introduces updates in its vehicles to always remain competitive in the market. Hyundai’s IPO is not expected to harm Maruti Suzuki in any way, because Maruti Suzuki also enjoys the privilege of having an honest customer base in India.
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