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Why is Hyundai India looking to go public?
Jul 1, 2024
Delve into Hyundai India's triumph in the Indian market, their future expansions including electric vehicles, and the intriguing decision to opt for an IPO in the Indian stock market.
07:11
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Quick takeaways
- Hyundai India aims to capitalize on the growing EV market and enhance competitiveness through IPO.
- Strategic decisions, local manufacturing, and Kia Motors' success drive Hyundai's expansion plans for India.
Deep dives
Hyundai India's Ambitious IPO Plan
Hyundai India, a successful subsidiary of Hyundai Motor Company, plans to go public with an IPO to raise a massive sum of nearly 25,000 crore rupees. This move aims to capitalize on India's growing electric vehicle market and increase its competitiveness in the automotive industry. By going public, Hyundai India intends to secure the necessary funds for further expansion and innovation, aligning with the country's evolving automotive landscape.
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