Hyundai Motor India's Historic Rs 27,870 Crore IPO Launch

Hyundai Motor India Ltd is set to launch its historic Rs 27,870 crore IPO, marking the largest public offering in India's history. The IPO, aimed at Indianizing operations, will open on October 15. This move signals Hyundai's intent to strengthen its brand as the country's trusted automotive leader.

Hyundai Motor India Ltd is preparing to make history with a Rs 27,870 crore initial public offering (IPO), the largest in India's history, set to open from October 15 to 17. This marks the first instance of the South Korean automaker listing a subsidiary in an overseas market.

The company's Chief Operating Officer, Tarun Garg, highlighted the strategy behind selecting India for the IPO, emphasizing the nation's robust GDP growth and Hyundai's substantial market share as the second-largest player in the passenger vehicle sector.

The IPO is aimed at further integrating Hyundai's operations with the Indian market, inviting both local and global investors to partake in its growth story, and aspiring to make Hyundai the most trusted automotive brand in India.

(With inputs from agencies.)