Hyundai Motor India Limited IPO

Hyundai Motor India Limited (HMIL) is a subsidiary of Hyundai Motor Company (HMC), a South Korean automaker. Established in 1996, Hyundai Motor India is one of the leading automobile manufacturers in the country and a key player in the Indian automotive market.

Key Highlights of Hyundai Motor India:

1. Manufacturing Facility:
   • Hyundai Motor India operates two state-of-the-art manufacturing plants in Chennai, Tamil Nadu. These plants have a combined production capacity of over 7.65 lakh (765,000) units annually, making them among the largest in the country.
   • These plants serve both domestic and export markets, with the company exporting cars to over 90 countries across Africa, the Middle East, Latin America, and the Asia-Pacific region.
2. Product Portfolio:
   • Hyundai offers a diverse range of vehicles in India, catering to various segments including hatchbacks, sedans, SUVs, and electric vehicles.
   • Popular models include:
     • Hatchbacks: Hyundai i10, i20
     • Sedans: Hyundai Verna, Hyundai Aura
     • SUVs: Hyundai Creta, Hyundai Venue, Hyundai Tucson, Hyundai Alcazar
     • Electric Vehicles: Hyundai Kona Electric, Hyundai Ioniq 5
   • The company’s vehicles are known for their advanced features, safety standards, and contemporary designs.
3. Technology & Innovation:
   • Hyundai is known for incorporating advanced technology in its vehicles, such as connected car technology, Blue Link, and various driver assistance features.
   • The company is also focused on electric and hybrid vehicle development, in line with India’s push for cleaner and sustainable mobility solutions.
4. Sales and Service Network:
   • Hyundai Motor India has an extensive sales and service network with over 1,500 dealerships and service points across India.
   • The company emphasizes after-sales service with Hyundai Assurance programs, warranty plans, and free maintenance offers.
5. Sustainability Initiatives:
   • Hyundai is committed to sustainability and has introduced green practices in its manufacturing process, including eco-friendly manufacturing technology, water conservation, and waste reduction.
   • The company’s electric vehicle push, especially with the Hyundai Kona and the launch of the Hyundai Ioniq 5, aligns with its global vision of producing more environment-friendly vehicles.
6. Hyundai in India’s Export Market:
   • Hyundai Motor India is one of the largest car exporters from India, playing a crucial role in making India a global automotive manufacturing hub.
   • The company has contributed significantly to India’s automotive export market by exporting a substantial number of vehicles annually.
7. Corporate Social Responsibility (CSR):
   • Hyundai India engages in various CSR activities such as initiatives for education, healthcare, and road safety.
   • Their “Happy Move Global Youth Volunteers” initiative involves promoting health, sanitation, and education in rural areas.
8. Hyundai and Electric Mobility:
   • Hyundai has made significant strides in the electric vehicle market with models like the Kona Electric and Ioniq 5, which focus on clean energy and zero emissions.
   • The company plans to expand its EV portfolio to include more models as India transitions towards an electric future.

Recent Developments:

• Focus on EV Infrastructure: Hyundai India has also announced partnerships with various companies to strengthen the electric vehicle charging infrastructure in India.
• New Launches: Hyundai frequently updates its portfolio with new models and facelifts, focusing on both internal combustion engine (ICE) vehicles and electric models.

Market Position:

• Hyundai Motor India consistently ranks among the top two automobile manufacturers in India, frequently competing with Maruti Suzuki for market share.
• The company has a strong presence in the compact SUV segment, with the Hyundai Creta being one of the top-selling models in the country.

Hyundai Motor India Limited IPO Timetable

Hyundai Motor India Limited IPO Details

Hyundai Motor India Limited IPO Lot Size

Hyundai Motor India Limited IPO Allotment Status

Click Here To Check IPO Allotment Status Hyundai Motor India Limited IPO

Click Here To Get ASBA Forms Hyundai Motor India Limited IPO

Company Financials:

Company Promoters:

The company’s promoters are Hitesh Chimanlal Doshi, Viren Chimanlal Doshi, Pankaj Chimanlal Doshi and Waaree Sustainable Finance Private Limited.

Objects of this Issue:

• Part finance the cost of establishing the 6GW of Ingot Wafer, Solar Cell and Solar PV Module manufacturing facility in Odisha, India(“Project”).
• General corporate purposes.

Registrar & Company Details