Hyundai Motor India

Hyundai Motor India announced a Hyundai Motor Group plan to invest USD 15.5 billion in India from 2026 through 2032. The seven-year programme covered manufacturing expansion across Hyundai Motor India and Kia India, about USD 700 million for the Indian research and development centre including a vehicle test track, local supplier development and future mobility businesses to be coordinated through a dedicated investment entity. Executive Chair Euisun Chung discussed the plan with Prime Minister Narendra Modi in New Delhi on 13 October 2026. The group operated annual capacity of more than 1.4 million vehicles across Chennai, Pune and Anantapur. Hyundai Motor India reported revenue of Rs 707.6 billion in the year to March 2026 and sold 77,916 units in September 2026, its highest-ever monthly total.

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Rewrites with analyst, industry body president comments

By Kashish Tandon and Saikeerthi .

Oct 6 (Reuters) - India's September tractor retail sales declined 12.6% from a month earlier as the worst monsoon in a decade and a delayed festive season weighed on farm equipment demand, even as broader auto sales stayed resilient, a dealers' body said on Tuesday.

Tractor sales fell to 76,906 units in September from 87,977 in August, according to data from the Federation of Automobile Dealers Associations.

The decline comes as the June-September monsoon, which delivers nearly 70% of India's annual rainfall, was 12.6% below normal this year, fuelling concerns over crop yields, rural demand and food inflation in Asia's third-largest economy.

Historically, September and October have been the strongest months for tractor wholesales, but a later-than-usual festive season and below-normal rainfall have hurt demand this year, said Yash Agrawal, an auto analyst at brokerage Nirmal Bang.

"Over-reliance on weather conditions is higher for tractors because they are directly impacted by crop production and overall cash flow of farmers," Agrawal said.

The slowdown could have wider implications for automakers including Mahindra & Mahindra MAHM.NS and Escorts Kubota ESCO.NS, as tractors are among their highest-margin businesses.

FADA President Sai Giridhar said the weakness was largely confined to tractors, arguing that rural vehicle demand was increasingly detached from farm incomes as non-agricultural businesses and employment gain prominence.

"Only the tractor segment is directly linked to farm income," Giridhar said, adding that rural sales of passenger and commercial vehicles as well as two-wheelers were growing at a pace comparable with, or exceeding, urban sales.

Overall retail sales of two-wheelers, passenger and commercial vehicles rose 31.8% year-on-year and nearly 5% from the previous month to 2.54 million units.

Dealers' sentiment was upbeat heading into the festive season, with more than three-fourths in a survey expecting sales to grow in October, supported by healthy enquiries, the dealers' body said.

(Reporting by Kashish Tandon and Saikeerthi in Bengaluru; Editing by Sherry Jacob-Phillips and Mrigank Dhaniwala)

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Oct 1 (Reuters) - HYUNDAI MOTOR COMPANY 005380.KS:

• MONTHLY SALES OF 77,916 UNITS IN SEPTEMBER 2026

Further company coverage: 005380.KS

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By Vivek Kumar M and Bharath Rajeswaran

Sept 24 (Reuters) - National Stock Exchange of India NSEI.BO shares rose as much as 5% on their trading debut on Thursday, after a $2.3 billion IPO, the country's second-biggest.

The stock listed on the BSE at 1,800 Indian rupees ($18.77), a premium of less than 1% to its IPO price.

Here's a look at the debut market performance of companies after large IPOs of more than $1 billion.

HYUNDAI MOTOR INDIA

Hyundai Motor India's HYUN.NS shares fell more than 7% on their 2024 debut after the country's largest-ever IPO drew muted response from retail investors.

Concerns over a rich valuation and an industry slowdown weighed on sentiment. Its South Korean parent 005380.KS raised 278.7 billion rupees ($2.91 billion) by selling a 17.5% stake in a pure offer-for-sale, where existing investors sell their stakes.

As of last close, Hyundai Motor India has gained about 7% over IPO price.

LIFE INSURANCE CORPORATION OF INDIA

Life Insurance Corp of India LIFI.NS, India's biggest insurance company, slid nearly 8% in its 2022 debut, despite strong demand for what was then the country's largest IPO.

The government raised about 205 billion rupees by selling a 3.5% stake in the state-owned insurer, well below its initial target of up to $12 billion.

LIC traded at 407.5 rupees, reflecting an adjusted price level following a 1:1 bonus issue in May.

PAYTM

Digital-payments firm Paytm PAYT.NS suffered one of India's worst large-cap market debuts in 2021, plunging more than 27% after its $2.5 billion IPO.

It intensified concerns over aggressive valuations, particularly among loss-making technology companies.

Paytm is down 17.5% since its debut.

TATA CAPITAL

Tata Capital TATC.NS gained a modest 1.4% on its debut in October 2025, as a crowded issuance calendar and limited valuation discount to listed peers curbed investor enthusiasm.

Its $1.75 billion IPO coincided with LG Electronics India's LGEL.NS $1.3 billion offering, which drew nearly $50 billion in bids.

Tata Capital is up 7.4% since listing.

COAL INDIA

State-run Coal India COAL.NS, the world's biggest coal miner, surged 40% on its listing day in November 2010, as investors snapped up a stock that is a proxy for surging growth and energy demand in India.

The largest IPO from the government at that time set the stage for the public listing of other state-owned entities.

Coal India has gained 73.3% since its market debut.

($1 = 95.8875 Indian rupees)

(Reporting by Vivek Kumar M and Bharath Rajeswaran; Editing by Harikrishnan Nair)

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Sept 15 (Reuters) -

• SIAM - INDIA'S AUG 3-WHEELER SALES 93,764 UNITS

• SIAM - INDIA FESTIVE DEMAND SEASON EXPECTED TO PROVIDE ADDITIONAL BOOST, RESULTING IN HEALTHY Q2 NUMBERS

• INDIA AUTO INDUSTRY BODY SIAM - INDIA'S AUG TOTAL DOMESTIC PASSENGER VEHICLE SALES 4,39,309 UNITS

• INDIA'S AUG 2-WHEELER SALES 2.03 MLN UNITS

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Updates to add details from NSE IPO

MUMBAI, Sept 11 (Reuters) - National Stock Exchange (NSE), India's largest stock exchange, will open its initial public offering next week.

The offer-for-sale, which does not include any fresh capital being raised, will value NSE at close to $46 billion, which would make it the country's third-largest IPO.

Billionaire Mukesh Ambani's Reliance Jio Platforms IPO, likely later this year, is expected to raise about $3.8 billion, making it the country's biggest-ever stock offering.

Here are the five largest Indian IPOs to date:

HYUNDAI MOTOR INDIA

Hyundai HYUN.NS, the world's third-largest automaker and India's fourth-biggest passenger vehicle maker, raised 278.7 billion rupees ($2.95 billion) in October 2024 in what is currently India's biggest-ever IPO.

The manufacturer's South Korean parent 005380.KS sold a 17.5% stake in a pure offer-for-sale, where existing shareholders sell shares and no new capital is raised. Jio Platforms is expected to use a similar approach, with the company's major investors set to dilute their stakes.

LIFE INSURANCE CORPORATION OF INDIA

The government pocketed roughly 205 billion rupees ($2.17 billion) from selling a 3.5% stake in India's largest insurer and biggest domestic financial investor LIFI.NS, a far cry from its initial target of up to $12 billion.

The shares slid nearly 8% on their debut.

PAYTM

Paytm PAYT.NS, an Indian fintech firm, raised 183 billion rupees in November 2021 in a mix of a fresh share issue and an offer for sale. Ant Group reduced its stake to 23% from 28% and SoftBank's Vision Fund pared its holding to 16%.

Paytm lost more than 27% on its debut, the biggest listing-day drop in Indian IPO history at the time.

TATA CAPITAL

The Tata Group's financial services arm TATC.NS raised 155 billion rupees in October 2025, with Tata Sons and IFC among those selling in the offer for sale component alongside a fresh issue. The IPO was the largest-ever by a non-banking financial company in India. The shares listed at a slight premium of 1.23%.

LG ELECTRONICS INDIA

South Korean parent LG Electronics 066570.KS offloaded a 15% stake in its Indian unit LGEL.NS, a maker of refrigerators, washing machines, air conditioners and televisions, in a pure offer for sale issue, netting 116 billion rupees in October 2025.

The IPO was oversubscribed 54 times — the most heavily subscribed major Indian IPO since Reliance Power's listing in 2008 — attracting bids worth about 4.4 trillion rupees.

LG's shares surged 50% on their first day of trading, valuing the unit higher than its Seoul-based parent.

($1 = 94.3800 Indian rupees)

(Reporting by Vibhuti Sharma and Jayshree P. Upadhyay in Mumbai; Editing by Aditya Kalra, Kate Mayberry and Kevin Buckland)

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By Jayshree P Upadhyay and Vibhuti Sharma

Sept 10 (Reuters) - Some top investors in India's National Stock Exchange (NSE) are reducing the number of shares they will be selling in the bourse's upcoming IPO as they expect the shares to rise after listing compared to the low offer price, three sources said.

NSE's IPO will be an offer-for-sale by existing shareholders with no fresh capital being raised. Shares will likely be priced in a band of 1,700-1,785 rupees per share, Reuters reported on Wednesday.

At the upper end of the price band, NSE's IPO will be worth 226 billion Indian rupees ($2.37 billion). It will likely trail a public offering by Mukesh Ambani's Reliance Jio expected to raise $3.8 billion and Hyundai Motor India's HYUN.NS $3.3 billion issue of 2024.

The shareholders who have reduced the number of shares they are selling in the offer for sale this month include National Insurance Co. of India, General Insurance Company, Stock Holding Corporation, MS Strategic (Mauritius) - a Morgan Stanley fund - and Singapore-based Mahogany Ltd, two of the people said.

The sources declined to be identified as they are not authorised to speak to the media. The NSE and all the shareholders named by the sources did not immediately respond to email requests for comment.

Indian lenders Bank of Baroda and Indian Bank have also reduced their planned share sales, they said in notifications to the local stock exchange.

The overall issue size will be reduced to 5.2% of NSE's total equity capital from 6% earlier, the sources said. Shareholders will now sell 126 million shares compared with 149 million earlier, one of the sources said.

The primary reason for the reduced share sales is the lower-than-expected price band, a second source said.

"These shareholders believe they will get better valuation in secondary market post listing," the source said.

In an informal market where unlisted shares of NSE trade, the price has ranged from 2,000 rupees to 2,100 rupees, according to recent deals.

Tighter market rules have weighed on the likely pricing of the issue, all three sources said.

The Securities and Exchange Board of India last year announced tighter curbs on retail participation in the options trading market. Tighter bank funding curbs, higher taxes on derivatives trading and India's newly launched closing auction session have also weighed on trading volumes.

"A drop in options volume is driving the valuation lower, and closing auction only worsened it," said one of the three sources.

Over 60% of the exchange's revenue comes from options transaction charges. NSE options turnover fell more than 12% year-on-year in August.

($1 = 95.1900 Indian rupees)

(Reporting by Jayshree P. Upadhyay and Vibhuti Sharma in Mumbai; Additional reporting by Vivek Kumar M and Chandini Monnappa in Bengaluru; Editing by Sam Holmes)

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Corrects paragraph 3 in September 7 story to identify Sai Giridhar as FADA President, not Vice President

By Abhinav Parmar

Sept 7 (Reuters) - Sales of alternative-fuel passenger vehicles outpaced petrol-powered cars in India in August for the first time, an auto dealers' body said on Monday, as the Middle East war raised oil prices and a public backlash against higher-ethanol-content fuel simmered.

Alternative-fuel models, including compressed natural gas, hybrid and electric models, accounted for nearly 42% of passenger-vehicle sales, while petrol vehicles stood at about 41%, according to the Federation of Automobile Dealers Associations (FADA), which represents dealers of major car and two-wheeler makers.

"This shift was bound to happen," FADA President Sai Giridhar told Reuters.

While E20-related concerns may have initially accelerated buyers' move away from petrol, the trend was being sustained by a wider choice of alternative-fuel models, improved EV range and a gradual expansion of charging infrastructure, he said.

The world's third-largest car market's transition to E20 petrol, which contains 20% ethanol, from E10 is aimed at reducing reliance on imported crude but has drawn criticism from owners of older vehicles, who are concerned that the blend could reduce fuel economy.

The government earlier dismissed the backlash, calling it "wild claims" and asking people to not "fall for the rage bait".

RECORD AUGUST SALES

India's automobile retail sales rose 17.5% year-on-year in August to 2.4 million, a record for the month.

This was despite leading auto companies rolling out price hikes this year to cope with elevated input costs.

Giridhar, however, warned that further price hikes risked eroding gains from last year's tax reforms introduced to fuel consumption.

The country's largest carmaker, Maruti Suzuki India MRTI.NS on Monday said it will raise prices of select models by up to 20,000 rupees ($211.80) from September, its third hike since May.

India is heading into its annual festive season, a period that typically spurs big-ticket purchases.

Giridhar said despite inflationary pressures and price increases, dealers remain optimistic about sales.

Passenger-vehicle inventory increased by five days from end-July levels to about 38–40 days, FADA said.

(Reporting by Abhinav Parmar in Bengaluru; Editing by Sherry Jacob-Phillips and Harikrishnan Nair)

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** Analysts at Morgan Stanley believes Hyundai Motor India HYUN.NS will benefit from upcoming internal combustion engine SUV launches, which could spur re-rating of stock

** Brokerage has "overweight" rating and TP of 2,438 rupees

** Co's EBITDA margins, sales volumes, and market share are near the bottom and should start improving on the back of upcoming SUV launches, analysts say

** Adds, exports to become a growth driver, helped by India becoming global production hub for Venue SUV

** 23 out of 28 analysts rate the stock "buy" or higher, median PT at 2,327 rupees

** Shares up 0.6%; YTD, shares down 5.34%

(Reporting by Saikeerthi in Bengaluru)

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Sept 1 (Reuters) - HYUNDAI MOTOR COMPANY 005380.KS:

• HYUNDAI MOTOR INDIA - AUGUST TOTAL SALES 65,796 UNITS

• HYUNDAI MOTOR INDIA - EXPORT DEMAND WILL CONTINUE TO BE STRONG IN THE COMING MONTHS

• HYUNDAI MOTOR - TOTAL EXPORTS IN AUGUST IMPACTED BY LOGISTICAL CONSTRAINTS ARISING FROM ONGOING CONFLICT IN WEST ASIA

Source text: [ID:]

Further company coverage: 005380.KS

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Aug 25 (Reuters) - HYUNDAI MOTOR COMPANY 005380.KS:

• HYUNDAI MOTOR INDIA AND JIO-BP JOIN HANDS TO INTEGRATE EV CHARGING NETWORK - STATEMENT

Further company coverage: 005380.KS HYUN.NS

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** Shares of Hyundai Motor India HYUN.NS down 0.3% at 2,211.7 rupees

** Nomura maintains "buy" rating on HYUN and PT of 2,498 rupees

** Brokerage says the carmaker's growth to outpace the industry from H2FY27F on the back of more launches

** Company remains confident about achieving a volume target of 8%-10% for FY27E across domestic and export markets with a market share of 15%+ by FY30E, according to brokerage

** Company expects growth in mid-size and compact SUVs and EVs over the medium term and future launches will be aligned with this, Nomura says

** Hyundai also expects higher SUV contribution in exports in the medium term, says brokerage

** HYUN says 26 launches are planned over FY26-30E

** Brokerage sees a domestic volume CAGR of 11% over FY26-29F

** Stock rated as "Buy" on average by 29 analysts; median PT at 2,301 rupees, according to LSEG-compiled data

** YTD, stock down 3.7%

(Reporting by Mridula Kumar in Bengaluru)

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Adds details from paragraph 2 onwards

Aug 21 (Reuters) - India's Tata Motors Passenger Vehicles TAMO.NS will raise prices of cars and SUVs across its portfolio by up to 25,000 rupees ($261.23) from September 1, the car maker said on Friday, with the extent of the hike varying by model and variant.

Here are some details:

• The Nexon EV maker said the price increase aimed to partially offset rising input costs and persistent commodity inflation amid continued geopolitical uncertainty.

• Indian automakers have increasingly raised vehicle prices this year as cost pressures persist. Rival Hyundai Motor India HYUN.NS on Wednesday announced its third price increase of 2026, while market leader Maruti Suzuki MRTI.NS has implemented two portfolio-wide hikes in recent months.

• Auto makers have cited inflationary pressures, higher commodity prices, elevated operating costs, and disruptions to global trade and energy markets linked to the Iran war as factors driving up costs.

• The car maker said it had sought to absorb rising costs but was now passing on part of the burden to customers through the latest revision.

• The increase marks the auto maker's third price hike this year, after a 0.5% raise in its internal combustion engine portfolio from April 1 and a further 1.5% increase across its portfolio from July 1.

($1 = 95.7000 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru; Editing by Rashmi Aich)

(([email protected]; 8800437922;))

** Hyundai Motor India HYUN.NS shares rise as much as 1.3% to 2,202.8 rupees

** Rise comes after co says it will raise vehicle prices by up to 1% across its portfolio, effective September

** Hyundai says the price hike - its second this year - was driven by rising input and commodity costs and higher operational expenses

** Twenty-four of 29 brokerages rate the stock "buy" or higher; their median PT is 2,301 rupees

** Stock trades at forward 12-month PE of 28.62 vs industry median of 26.74 - LSEG data

** Co's return on equity stands at 29.9%, compared with 14.4% for peer Maruti Suzuki India MRTI.NS

** YTD, stock down 4.3% vs 4.9% fall in Nifty 100 Index .NIFTY100

(Reporting by Abhinav Parmar in Bengaluru)

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Updates to add details paragraph 2 onwards

Aug 19 (Reuters) - Hyundai Motor India HYUN.NS said on Wednesday it will increase vehicle prices by up to 1% across its portfolio from September this year, with the extent of the hike varying by model and variant.

Here are the details:

• The company attributed the increase to rising input and commodity costs, higher operational expenses, and continuing geopolitical and macroeconomic uncertainties

• Hyundai said it has been attempting to absorb cost increases and optimize expenses but is now passing on part of the burden to customers through a marginal price revision

• The latest increase marks Hyundai's third price hike announcement of 2026. The automaker raised prices by 0.6% from January 1 and in April announced a further increase of up to 1% effective May. That increase was later implemented from June 1, with prices rising by up to 12,800 rupees ($133.68) depending on the model and variant

• India's automakers have increasingly raised prices this year as cost pressures persist. Maruti Suzuki MRTI.NS has announced two portfolio-wide price increases in recent months, while Tata Motors Passenger Vehicles TAMO.NS has also raised prices

• Automakers have pointed to inflationary pressures, higher commodity prices, elevated operating costs and disruptions to global trade routes and energy markets stemming from geopolitical tensions as factors weighing on costs.

($1 = 95.7525 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru; Editing by Nivedita Bhattacharjee)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

Aug 13 (Reuters) -

• INDIA AUTO INDUSTRY BODY SIAM - INDIA'S JULY TOTAL DOMESTIC PASSENGER VEHICLE SALES 4,57,810 UNITS

• SIAM - INDIA'S JULY 3-WHEELER SALES 92,560 UNITS

• SIAM - INDIA'S JULY 2-WHEELER SALES 19,23,483 UNITS

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Aug 6 (Reuters) - Sales of vehicles powered by alternative fuels came within "striking distance" of petrol-powered vehicles in July, India's auto dealers' body said on Thursday, as fuel policy changes and high prices following the Iran war accelerated consumers' shift towards cleaner mobility options.

Alternative-fuel passenger vehicles, including CNG, hybrid and electric models, accounted for 40.59% of total sales in July, just 1.09 percentage points behind petrol-powered vehicles at 41.68%, the body said.

(Reporting by Kashish Tandon in Bengaluru; Editing by Sonia Cheema)

(([email protected]; 8800437922;))

By Aditi Shah, Arpan Chaturvedi and Sarita Chaganti Singh

NEW DELHI, Aug 5 (Reuters) - India's auto industry said it would revamp numbers furnished to the government as it withdrew its first warning of damage to vehicle parts caused by contaminated ethanol-blended fuel, stoking consumer anger over the contentious policy.

Tuesday's move came hours after media reported the group's warning, sparking public uproar and forcing the petroleum ministry to issue a clarification.

"The referred numbers reported in the media need authentication," the Society of Indian Automobile Manufacturers said in a statement, "... and therefore SIAM is withdrawing its earlier communication."

SIAM, which sent its warning on July 28, and the recipient, India's petroleum ministry, did not immediately respond to requests for comment.

With their letter, seen by Reuters, India's automakers accept for the first time issues stemming from a mandatory policy that sparked street protests, legal cases and consumer anger after the government rolled it out at 90,000 fuel pumps.

The lobby group did not deny the issue of contamination in its statement, but said some numbers quoted "need authentication through collection of elaborate data ... across the country followed by a comprehensive consultation".

The group, whose members include Maruti Suzuki, Tata Motors, Toyota Motor Corp and Mercedes Benz, did not say when the efforts would be completed, however.

QUESTIONS FROM VEHICLE OWNERS

Vehicle owners are at best sceptical about the U-turn.

"​Did the science change overnight, or did the ministry call?" Nachiket Deshpande, one of dozens of angry social media users, asked on X.

The policy of blending 20% ethanol in petrol to yield a product called E20 replaced E10 nationwide in 2025.

That was well ahead of a 2030 deadline as Prime Minister Narendra Modi's government sought to cut costly petroleum imports, although E20-compliant cars had only begun hitting the roads in 2023.

The rollout provoked uproar instead among consumers who blame the fuel for mileage drops and vehicle damage, with many demanding a choice of lower ethanol blends, particularly for vehicles that cannot use E20.

The government sought to soothe the concerns with press statements and social media campaigns, drafting in executives from leading carmakers such as Maruti and Hyundai to defend the roll-out at a July press conference.

WARNINGS OF CORROSION OR WEAR

In its missive to the ministry, the group warned of elevated chloride and moisture levels in E20 fuel sold at retail outlets nationwide.

"Members are observing a huge increase in the issues in customer vehicle parts and replacement. Investigations ... reveal the failure is due to corrosion or wear caused by high chloride presence which is traced to the fuel used," it said.

Car parts in direct contact with the fuel or engine emissions suffered the most, "specifically after E20 implementation", it added.

It also flagged high moisture levels in the fuel that it said could immobilise the vehicle immediately after fuelling, calling on the ministry for tougher quality checks against contamination.

Fuel quality is monitored on a regular basis by oil marketing companies and only two cases of chloride contamination were found in a sample of 2,000 tests, the ministry had said on social media on Tuesday.

Speaking to Reuters on condition of anonymity on Wednesday, a senior government official called the fuel concerns a "misinformation campaign" against E20, playing out mainly on social media with no real evidence in cars on the road.

(Reporting by Aditi Shah, Arpan Chaturvedi and Sarita Chaganti Singh; Additional reporting by Aditya Kalra; Editing by Clarence Fernandez)

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Aug 1 (Reuters) - Hyundai Motor Co 005380.KS:

• HYUNDAI MOTOR INDIA - REPORTS HIGHEST-EVER MONTHLY SALES OF 75,360 UNITS IN JULY 2026

Source text: ID:nBSE10LzlQ

Further company coverage: 005380.KS

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July 31 (Reuters) - Shares of Hyundai Motor India HYUN.NS jumped 7.2% on Friday after analysts said the automaker's June-quarter results likely marked a trough, with earnings and volume growth expected to improve in the second half of the fiscal year.

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]; 8800437922;))

July 30 (Reuters) - Hyundai Motor Co 005380.KS:

• HYUNDAI MOTOR INDIA LTD - RECOVERY IS LIKELY TO GAIN PACE FROM Q2 ONWARDS ACROSS BOTH DOMESTIC AND EXPORT BUSINESSES

Source text: [ID:]

Further company coverage: 005380.KS

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Adds details and background

July 21 (Reuters) - India's top carmaker Maruti Suzuki MRTI.NS said on Tuesday it would increase vehicle prices by up to 30,000 rupees ($311.74) from August, its second portfolio-wide hike in about two months, citing sustained cost pressures.

Here are more details:

• The automaker had earlier announced a similar price hike of 30,000 rupees from June, while offering price protection to some entry-level cars

• The renewed Middle East conflict has disrupted global trade routes and energy markets, driving up prices of key inputs and pressing companies to pass on higher costs to customers

• With inflationary pressures now at elevated levels and the adverse cost environment persisting, the company has to pass on a portion of the increased costs to the market, Maruti said in a statement

• Company joins peer Tata Motors Passenger Vehicles TAMO.NS, which has also raised prices twice while Mahindra & Mahindra MAHM.NS and Hyundai Motor India HYUN.NS have raised once each

• Shares closed 0.6% higher at 13,597 rupees reversing course from earlier in the day

($1 = 96.2325 Indian rupees)

(Reporting by Urvi Dugar in Bengaluru; Editing by Nivedita Bhattacharjee)

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July 15 (Reuters) -

• INDIA AUTO INDUSTRY BODY SIAM - INDIA'S JUNE TOTAL DOMESTIC PASSENGER VEHICLE SALES 3,88,144 UNITS

• SIAM - INDIA'S JUNE 2-WHEELER SALES 18,51,400 UNITS

• SIAM - INDIA'S JUNE 3-WHEELER SALES 77,951 UNITS

• SIAM - OVERALL CONSUMER SENTIMENT AND DEMAND REMAIN STEADY AT PRESENT

• SIAM: INDUSTRY CONTINUES TO CLOSELY MONITOR GEOPOLITICAL DEVELOPMENTS AND PROGRESS OF MONSOON

Further company coverage: ASOK.NS

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Rewrites throughout with comments from president of auto dealers' body

By Kashish Tandon

July 6 (Reuters) - India's appetite for electric, hybrid and compressed natural gas vehicles accelerated after the Iran war triggered fuel price hikes, the president of the country's auto dealers' body said, with such models reaching a record share of passenger vehicle sales in June.

Alternative-fuel vehicles accounted for 40.35% of PV retail sales in June, up from about 38% a month earlier, as consumers increasingly sought cheaper running costs after petrol and diesel prices were raised several times in May.

"We need to watch whether this is an emotional knee-jerk reaction from customers or whether this growth is here to stay," C.S. Vigneshwar, president of the Federation of Automobile Dealers Associations (FADA), told Reuters on Monday.

Overall vehicle sales rose 21.8% to a record 2.6 million units, with PV sales rising 28.6% year-on-year to 410,853 units.

Among PVs, CNG models accounted for 24.3% of total sales, while hybrids made up 8.3% and electric vehicles 7.8%.

Industry leader Maruti Suzuki MRTI.NS said last month that bookings for its CNG cars jumped 40% since the fuel price hikes.

The share of electric vehicles among overall two-wheeler sales rose to 10.6%, hitting the double-digit mark for the first time, according to FADA.

While the worst of the crude shock and supply chain disruptions from the Iran war seemed to be over, a return to complete normalcy could still take "a few quarters" and may involve some cost implications, said Vigneshwar.

(Reporting by Kashish Tandon in Bengaluru; Editing by Rashmi Aich, Mrigank Dhaniwala and Janane Venkatraman)

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By Dhwani Pandya

MUMBAI, July 4 (Reuters) - Indian government and auto industry officials on Saturday defended the mandatory rollout of petrol blended with 20% ethanol, saying years of testing and service data showed no evidence of widespread vehicle damage, despite public concerns over lower fuel efficiency and engine safety.

The fuel, known as E20, has faced rising criticism on social media in recent days, with motorists questioning whether older vehicles designed for lower ethanol blends could suffer corrosion, wear or reduced performance.

Automakers including Maruti Suzuki MRTI.NS, Hero MotorCorp HROM.NS and Toyota Kirloskar Motor said even older vehicles can run safely on E20. Maruti Suzuki, India's largest carmaker, said it had serviced more than 15 million older cars over the past two years that were not certified for E20 and found no fuel-related problems.

"As a manufacturer, we have tested E10 cars which were prevalent before 2023 on E20 fuel for all parameters and we have not found anything of concern," Rahul Bharti, Maruti Suzuki's senior executive officer for corporate affairs, said at a joint press conference with government officials.

Industry officials acknowledged a minor trade-off: E20 reduces fuel efficiency by about 3-3.5% because of its lower energy content. However, they said the fuel's higher octane rating can help carmakers design future engines with higher compression ratios, which could improve performance, torque, drivability and even fuel efficiency.

Officials also rejected viral claims that E20 had caused engine failures, saying at least one widely shared case was linked to contaminated fuel rather than standard E20.

They added that E20 is the highest ethanol blend currently tested for regular petrol vehicles and said any move to higher blends would need fresh trials.

(Reporting by Dhwani Pandya. Editing by Mark Potter)

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July 1 (Reuters) - Hyundai Motor Co 005380.KS:

• HYUNDAI MOTOR INDIA LTD - ACHIEVES TOTAL MONTHLY SALES OF 51,335 UNITS IN JUNE 2026

• HYUNDAI MOTOR INDIA LTD - PRODUCTION OPERATIONS HAVE RETURNED TO NORMAL ACROSS FACILITIES SINCE JUNE 22

• HYUNDAI MOTOR INDIA LTD - EXPECT TO RECOVER LOSS IN JUNE PRODUCTION VOLUME WITHIN Q2 OF FY26- 27

Source text: [ID:]

Further company coverage: 005380.KS

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By Aditi Shah

NEW DELHI, June 29 (Reuters) - India's capital New Delhi will offer a cash incentive of over$1,000 to car owners willing to scrap their old vehicle for an EV, according to a new policy finalised by the government on Monday in a move aimed at reducing high levels of air pollution.

New Delhi is one of the world's most polluted cities with air quality worsening in the winters when dense, stagnant air traps emissions from crops burning in neighbouring states, vehicle exhaust and construction dust.

Here are some details:

• The local government in New Delhi finalises new electric vehicle policy with an outlay of 150 billion rupees ($1.59 billion) over four years to incentivise buyers of electric two-wheelers, cars and small trucks, as well as setting up EV chargers.

• To offer $1,060 as scrapping incentive to those who trade in cars bought before April 1, 2020 for an EV.

• Those buying a battery EV priced at up to 3 million rupees will be exempt from paying road tax and registration fees, which typically amount to 4%-10% of the car's price.

• Buyers of electric scooters and motorbikes will get a cash incentive of 30,000 rupees in the policy's first year, reducing to 10,000 rupees by year three.

• Delhi government will only register electric two-wheelers from April 1, 2028, forcing buyers to move away from gasoline and other powertrains.

• Will also incentivise setting up 32,000 EV charging points across Delhi.

• Hybrid vehicles have not been included in the policy which is expected to come into effect from July 1.

• Policy will provide a big boost to EV players like Tata Motors TAMO.NS and Mahindra & Mahindra MAHM.NS as well as electric two-wheeler makers TVS Motor TVSM.NS, Bajaj Auto BAJA.NS and Ather Energy.

(Reporting by Aditi Shah; Editing by Susan Fenton)

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Adds graphic

By Aditya Kalra, Vibhuti Sharma and Aditi Shah

NEW DELHI, June 19 (Reuters) - Indian billionaire Mukesh Ambani's Reliance Jio Platforms has filed regulatory papers for a Mumbai IPO to raise around $3.8 billion, sources said, in what could be a record listing for the country.

The IPO aims to unlock value from a company that includes Jio's telecom business, the world's second-largest operator by single-country subscribers after China Mobile 600941.SS. Jio Platforms counts Meta and Google among its major foreign investors.

Proceeds from the offering will largely be used to repay debt of the telecoms business. Jio Platforms also runs AI, cloud and enterprise network businesses.

The IPO will test India's capital markets, which have cooled in recent months after the U.S.-Israeli conflict with Iran rattled global markets and weighed on investor sentiment.

The IPO is targeting a fundraising of around 360 billion rupees ($3.81 billion), three sources familiar with the matter said, equal to about 2.9% of its post-issue equity, valuing the business at around $131 billion.

The IPO prospectus, which did not contain the fundraising target, said proceeds will be used to repay an estimated 275 billion rupees ($2.92 billion) of Reliance Jio Infocomm's debt.

It added the repayment of debt "will position the company favourably for continued investment in its strategic priorities, including 5G network densification and expansion, fixed broadband penetration, AI and cloud services..."

At the annual shareholder meeting, Ambani said, "the Jio IPO is described as the most important value creation milestone this year."

Reliance did not respond to Reuters queries. The final details could change closer to the listing process.

MAJOR INVESTORS, JOB CUTS

India was the world's second-largest IPO market in 2025, but recent volatility has tempered the pace of new listings, even as issuers such as the National Stock Exchange of India push ahead with plans to go public.

Jio's IPO, if it raises $3.8 billion, would surpass Hyundai Motor India's HYUN.NS 278.7 billion rupee ($2.95 billion) offering in 2024 to become the largest in the country's history.

In 2020, Jio raised funds from global investors including Meta META.O, Google GOOGL.O and private equity firms Vista Equity Partners, KKR, General Atlantic and Silver Lake, as well as the Abu Dhabi Investment Authority, selling about 33% of its stake.

Those investors are betting on India's fast-growing digital economy of 1.4 billion people, where smartphone penetration is accelerating, internet costs are among the world's lowest and a young, mobile-first population is moving online at scale.

Jio's telecom arm had 524.4 million subscribers as of March 31, including 268.5 million on its 5G network, the prospectus said, adding that headcount fell about 21% to 27,935 during the same period, even as its subscriber base and revenue grew.

In recent years, Jio Platforms has diversified beyond telecom into AI, cloud and enterprise network services, as well as app development. In 2023, Nvidia NVDA.O announced an AI partnership with Reliance to develop cloud infrastructure and language models.

Its operating revenue in the financial year ending March 2026 stood at $15.6 billion, with a profit after tax of $3.19 billion.

(Additional reporting by Chandini Monnappa and Munsif Vengattil; Editing by Joe Bavier and Elaine Hardcastle)

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Updates to add IPO filing by NSE

MUMBAI, June 18 (Reuters) - The National Stock Exchange of India has filed draft papers for a long-delayed listing that will be one of two mega initial public offerings in the country this year, alongside billionaire Mukesh Ambani's Reliance Jio.

NSE's IPO is likely to be worth $3.3 billion, based on its share price in private markets, and comes after years of regulatory delays. Existing investors will sell 6% of the company's equity as part of the issue, which will be a pure offer-for-sale with no fresh equity being raised.

Ambani's AI-to-telecoms arm Reliance Jio Platforms is also gearing up for a stock offering that will likely be India's biggest ever.

Sources told Reuters in January that the IPO could be worth as much as $4 billion, though final numbers will only be decided later. In November, investment bank Jefferies estimated that Reliance Jio's valuation stood at $180 billion.

Here are the five largest Indian IPOs of all time before NSE and Jio Platforms:

HYUNDAI MOTOR INDIA

Hyundai HYUN.NS, the world's third-largest automaker and India's fourth-biggest passenger vehicle maker, raised 278.7 billion Indian rupees ($2.95 billion) in October 2024 in India's largest-ever IPO.

The manufacturer's South Korean parent 005380.KS sold a 17.5% stake in a pure offer-for-sale, where existing shareholders sell shares and no new capital is raised. Jio Platforms is expected to use a similar approach, with the company's major investors expected to dilute their stakes.

LIFE INSURANCE CORPORATION OF INDIA

The government pocketed roughly 205 billion Indian rupees from selling a 3.5% stake in India's largest insurer and biggest domestic financial investor LIFI.NS, a far cry from its initial target of up to $12 billion.

The shares slid nearly 8% on their debut.

PAYTM

Paytm PAYT.NS, India's fintech firm, raised 183 billion Indian rupees in November 2021 in a mix of a fresh share issue and an offer for sale. Ant Group reduced its stake to 23% from 28% and SoftBank's Vision Fund pared its holding to 16%.

Paytm lost more than 27% on its debut, the biggest listing-day drop in Indian IPO history at the time.

TATA CAPITAL

The Tata Group's financial services arm TATC.NS raised 155 billion Indian rupees in October 2025, with Tata Sons and IFC among those selling in the offer for sale component alongside a fresh issue. The IPO was the largest-ever by a non-banking financial company in India.

The shares listed at a slight premium of 1.23%.

LG ELECTRONICS INDIA

South Korean parent LG Electronics 066570.KS offloaded a 15% stake in its Indian unit LGEL.NS, a maker of refrigerators, washing machines, air conditioners and televisions, in a pure offer for sale issue, netting 116 billion Indian rupees in October 2025.

The IPO was oversubscribed 54 times - the most heavily subscribed major Indian IPO since Reliance Power's listing in 2008 - attracting bids worth about 4.4 trillion rupees.

LG's shares surged 50% on their first day of trading, valuing the unit higher than its Seoul-based parent.

($1 = 94.3800 Indian rupees)

(Reporting by Vibhuti Sharma and Jayshree P. Upadhyay in Mumbai; Editing by Aditya Kalra, Kate Mayberry and Kevin Buckland)

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June 15 (Reuters) -

• INDIA AUTO INDUSTRY BODY SIAM - INDIA'S MAY TOTAL DOMESTIC PASSENGER VEHICLE SALES 4,38,854 UNITS

• SIAM - INDIA'S MAY 3-WHEELER SALES 70,720 UNITS

• SIAM - INDIA'S MAY 2-WHEELER SALES 19,02,209 UNITS

• SIAM - LOWER BASE EFFECT OF PREVIOUS MAY, DEMAND CREATED DUE TO REDUCED GST RATES GETTING REFLECTED IN HIGHER OFF-TAKE THIS MONTH

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