Hyundai Motor India Limited

Hyundai Motor India Limited is the Indian arm of the Hyundai Motor Group, one of the largest automakers in the world by passenger vehicle sales. The company designs, manufactures and sells passenger vehicles in India, with a lineup spanning sedans, hatchbacks, sport utility vehicles and battery electric vehicles, and it is also one of the country's largest exporters of passenger cars. The company has operated in India since the late 1990s and has grown into the second largest passenger vehicle maker in the country by sales. It runs a large manufacturing base in Tamil Nadu together with an extensive nationwide distribution and after-sales network of dealership outlets and service centres, and it sources a large share of its components from local suppliers. Its cumulative sales in India and in export markets run into the tens of millions of vehicles since operations began. The company competes in a market shaped by rising consumer demand for SUVs, growing interest in electrification, and continued reliance on India as both a large domestic market and an export manufacturing hub. Its future growth plans include capacity expansion and a widening range of electric vehicle offerings, built on the scale, technology and brand strength of its Korean parent, Hyundai Motor Company.

Ahead of the issue opening, the company raised about Rs 8,315 crore from 225 anchor investors at the IPO price of Rs 1,960 per share, with participation from a number of large global institutions including sovereign wealth and pension funds, and marquee asset managers.