Hyundai Motor Group appoints Jose Munoz as CEO; South Korean automaker's first-ever foreign leader
Seoul/IBNS: Hyundai Motor Group has appointed Jose Munoz as its Chief Executive Officer, marking the first time a foreign national will lead the South Korean automaker.
Hyundai Motor India aims to establish itself as a global production hub amid rising demands
Mumbai/IBNS: Hyundai Motor India is intensifying efforts to establish India as a key production hub for emerging markets, responding to increased domestic and export demand, the company said on Wednesday (Nov. 13).
Hyundai Motor India IPO subscribed 2x on last day of sale
Mumbai/IBNS: Hyundai Motor India Ltd's (HMIL) initial public offering (IPO) saw double the subscription on its third day of bidding, with bids for 19.96 crore shares compared to the 9.98 crore shares available, according to data from the NSE at 2 pm on Thursday (Oct. 17).
Hyundai Motor IPO subscribed 42% on day 2
Mumbai: Hyundai Motor India's initial public offering (IPO) was 42% subscribed on the second day of bidding, October 16.
Hyundai Motor India IPO opens: Issue subscribed 10% till noon on Day 1, retail portion booked 17%
Mumbai/IBNS: Hyundai Motor India’s Rs 27,870-crore initial public offering (IPO) saw a modest response on its first day, with 10 percent of the total offer being subscribed within the first two hours.
Mumbai/IBNS: Hyundai Motor India is gearing up to launch its much-awaited Rs 25,000-crore initial public offering (IPO) next week, with a price range of Rs 1,865 to Rs 1,960 per share, according to a Reuters report citing sources.
Hyundai Motor India IPO gets SEBI approval, share sale likely in October: Report
Mumbai/IBNS: Hyundai Motor India, a wholly-owned subsidiary of the South Korean-headquartered Hyundai Motor Company, has reportedly received approval from the Indian regulatory body for securities and commodity market, the Securities and Exchange Board of India (SEBI), to proceed with its initial public offering (IPO), reports said.
Passenger vehicle sales decline in August for second straight month
New Delhi/IBNS: Sales of passenger vehicles in the local market dropped for the second straight month in August 2024, on a high base, and with car manufacturers cutting down dispatches to rationalise stocks at dealerships, reports said.
June car sales: Maruti Suzuki continues to dominate Indian car market with 40% market share
New Delhi/IBNS: The Indian four-wheeler market witnessed a modest overall growth of 3.63 percent in June 2024, compared to the same month of the last year, with total car sales rising to 3,39,415 units from 3,27,539 units in June 2023, reports said.
Hyundai to liquidate 17.5% stake in Hyundai Motor India to raise up to $3 billion via IPO
Mumbai: South Korean automaker Hyundai plans to reduce its 17.5 percent stake in its Indian subsidiary, Hyundai Motor India, through an initial public offering (IPO) aimed at raising between $2.5 billion and $3 billion, media reports said.
Mumbai/IBNS: Hyundai Motor Co has also picked major investment banks Kotak Mahindra Capital and Morgan Stanley as its advisors for initial public offering (IPO) of its arm Hyundai Motor India Limited on the domestic bourses, reports said.
Hyundai India IPO: Company picks up JP Morgan, Citi, and HSBC as advisors, says report
Mumbai: Hyundai Motor, the South Korean automotive company, has proposed an initial public offering (IPO) for its India division. It has selected JP Morgan, Citi, and HSBC as advisors for the potential IPO, aiming to raise an estimated $3 billion to $3.5 billion, Moneycontrol reported citing various anonymous industry insiders.
Hyundai announces six airbags as standard for all models
Automobile major Hyundai Motor India Limited (HMIL)on Tuesday announced three key announcements cementing HMIL’s proactive approach towards introducing safer mobility solutions for Indian customers.
Hyundai inks APA for acquiring General Motors India’s assets in Maharashtra's Talegaon Plant
Chennai: Automobile major Hyundai Motor India Ltd (HMIL) on Wednesday signed an Asset Purchase Agreement (APA) for the acquisition and assignment of identified assets of General Motors India’s (GMI) Talegaon plant in Maharashtra.
Hyundai registers cumulative sales of 65,601 units in June' 23
Chennai: Passenger car maker Hyundai Motor India Limited (HMIL) on Saturday announced that it has registered a total sales of 65,601 units in June 2023.