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The price increase will be done across models, and the extent of increase will be up to Rs 25,000. The price increase has been necessitated owing to an increase in input costs, adverse exchange rate and increase in logistics costs, the automaker said in a statement
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This will be Hyundai Motor's first listing outside South Korea and the largest IPO in Indian stock market history, surpassing the previous record of $2.5 billion set by Life Insurance Corporation of India (LIC) in 2022.
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According to the latest provisional data, the Qualified Institutional Buyers (QIB) portion was subscribed 6.94 times, while Non-Institutional Investors (NII) subscribed 0.57 times and retail investors subscribed 0.48 times. The IPO saw a 42 percent subscription on its second day, following an 18 percent subscription on the first day. The price band for the IPO was set at Rs 1,865 to Rs 1,960 per share.
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Domestic sales rose 9 per cent to 53,830 units last month, from 49, 510 units in the year-ago period, the South Korean automaker said in a statement.
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Hyundai Motor India presently operates with a network of 1,340 sales points and 1,502 service points across India.
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New Delhi: Hyundai Motor India on Wednesday unveiled an all-new version of its range-topping SUV Tucson. The fourth-generation version comes with petrol and diesel powertrains, mated with six and eight-speed automatic transmissions, respectively. The petrol and diesel trims feature two-litre engines generating an output of 156 PS and 186 PS of power, respectively. The company […]
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Hyderabad: Kun Hyundai, Lakdikapul branch, organised a launch event of the brand new Hyundai i20 Nline at its showroom recently. In the special launch ceremony, the much-awaited new i20Nline car was unveiled by Yes Bank South Inventory Head, Naresh Samba in the presence of B Purnima, GM Kun Hyundai and AGMs, Santosh Garje and Karthik […]
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The N6 variant is available at an introductory price of Rs 9,84,100, the N8 (iMT) and N8 (DCT) is available for 10,87,100 and 11,75,500 respectively
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As the country's largest exporter of automobiles, Hyundai Motor surpassed the three million vehicle export milestone in early 2020.
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Hyundai ALCAZAR is all set to redefine premiumness, comfort and versatility for an unrivalled travel experience.
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Additionally, an Oxygen Plant will be installed by Hyundai Motor India Foundation in Utnoor, Adilabad.
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The company also announced a vaccination drive for its employees and their family members from May 26 onwards.
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Accordingly, the company sold 49,002 units in the domestic market during the month under review.
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Hyderabad: Hyundai Motor India Foundation (HMIF), the philanthropic wing of Hyundai Motor India, announced a series of initiatives to help fight Covid-19 in Telangana, Maharashtra, Delhi, Haryana and Tamil Nadu. The Foundation will deploy multiple oxygen generation plants in hospitals in addition to setting up medicare facilities and infrastructure to provide immediate relief to Covid-19 […]
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The company, which is the second largest passenger vehicle maker in the country, is also gearing up to bring a seven-seater model in the country.
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Accordingly, 2021 marks 25 years of company's presence in India.
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The company, which is the second largest passenger vehicle maker in the country, said it has already delivered 10,000 units of the model so far.
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Hyundai ‘Grameen Sanitization’ drive is to be implemented across 292 rural locations across India.
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The company had achieved the previous highest monthly domestic sales number in October 2018 with 52,001 units.
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"We have also envisioned an innovation centre which will provide facilities to budding innovators to translate their projects to reality", he said.