Hyundai Motor India IPO

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To be announced


Hyundai Motor India was incorporated in 1996 by the Hyundai Group. It manufactures and sells various four-wheeler passenger vehicles, including sedans, hatchbacks, SUVs, and EVs. The company also produces parts such as transmissions and engines.

Hyundai’s current portfolio features 13 models, including:

  • Sedans: Aura, Verna
  • Hatchbacks: Grand i10 NIOS, i20, i20 N Line
  • SUVs: Exter, Venue, Venue N Line, Creta, Creta N Line, Alcazar, Tucson, IONIQ 5

As of December 31, 2023, Hyundai Motor India had 1,366 sales outlets and 1,550 service centres across various cities and towns in India. This reflects growth from March 31, 2021, when the company had 1,167 sales outlets and 1,307 service centres.


*All figures except EPS are in ₹ crores


  • World’s third-largest auto Original Equipment Manufacturer (OEM) by passenger vehicle sales in 2023.
  • Sold nearly 12 million passenger vehicles in India and through exports from 1998 to March 31, 2024.
  • Second-largest auto Original Equipment Manufacturer (OEM) in the Indian market since 2009 (domestic sales volumes).
  • India’s largest exporter of passenger vehicles from 2005 to the first 11 months of 2024, with the highest cumulative exports for this period.


  • Kia Corporation and Kia India Pvt Ltd owned by Hyundai also operate in a similar domain, which could lead to conflicts of interest.
  • Centralized at the Chennai plant; disruptions, including at the upcoming Talegaon plant (operational in H2 Fiscal 2026), could impact operations and financial health.
  • Significant revenue depends on SUV sales; declines in demand or production issues could negatively affect operations.
  • Operations are subject to seasonal fluctuations, which impact sales and financial performance. Demand typically peaks in January-March and during the festive season, with slowdowns in April-July and December.
  • Changes in tax laws could negatively affect business prospects, financial standing, operational outcomes, and cash flows.

Media coverage

4 million! That’s how many cars Indians bought in 2023. In fact, we’re the third-biggest car market globally, trailing only China and the US. With electric vehicles gaining popularity, experts predict India will have 2.5 million EVs on the roads by 2025, making us the third-largest EV market as well. Automakers are closely watching these developments and are eager to jump on this trend.

Take Hyundai India, for instance. Despite being a subsidiary of South Korea’s Hyundai Motor Company, it has a rich history in the country. Hyundai India became a household name by manufacturing locally, overcoming early competition, and innovating for the Indian market. Now, they plan to take it further by raising a whopping ₹25,000 crores through an IPO, potentially breaking previous IPO records held by LIC and PayTM.

But wait… If Hyundai is a foreign brand, why pursue an IPO in the Indian market, you ask?