Hyundai Debuts In The Indian Stock Market As The Largest IPO EVER!

Given that the Korean marque is one of the largest auto giants in the country, this IPO further solidifies their intent and commitment for the Indian market

Hyundai is one of the biggest names in the Indian automotive scene, with a strong presence throughout the existing segments. There were never any looming doubts about their commitment to India, churning out customer centric products and democratising technology ever since its inception in the country back in 1996. That devotion has now further been cemented with their recent listing in the Indian stock market, as the carmaker debuted with the biggest IPO (initial public offering) till date. 

With an offer for sale of Rs 14.2 crores, Hyundai has now joined the likes of Tata and Maruti as public-traded companies.

This move is a hint of things to come, as the carmaker has big expansion plans for the country, including a localised EV supply chain. And while we’ll be covering their future endeavors in due time, let’s take a quick look at hyundai’s 26 year journey in india and shine some light on their significant contributions till date:

Initial days

While Hyundai Motor India Limited was established in 1996, it wasn’t until 1998 that they came out with their first product launch – the Santro. As far as debuts go, the Santro was a great way to introduce the brand to the audiences, as the hatchback was an instant hit, which helped establish Hyundai as a major player in the Indian market.

The same year also saw the setup of its first production facility in Sriperumbudur, near Chennai. Fast forward to present day, and the carmaker has two production facilities.

Blockbuster hits

The runaway success of the Santro was followed by the introduction of the likes of the i10 and i20 in 2007 – global products that made their mark in India as well. These hits weren’t just limited to their hatchbacks, as one of the country’s top-selling nameplates arrived in 2015 – the Creta. The compact SUV was a runaway success, and with multiple updates and facelifts later, the SUV continues to be in hot demand. 

Leading the way

The shift to EVs is well underway in 2024, but the story was very different and in its nascent stages back in 2019. Despite the uncertainty of a new technology and its limitations, Hyundai was amongst the very first carmakers to offer an EV in their Indian portfolio. The Kona EV is just one of the many testaments of Hyundai’s nature of democratising technology. 

Even beyond EVs, all their products push their respective segment boundaries from time to time and that just goes to show how Hyundai has always led the way in offering what’s best to the masses.

Beyond the world of cars, Hyundai has been very much involved in social initiatives as well, promoting sustainability and focusing on local communities. If there ever was any sort of distrust in Hyundai commitment to India (there wasn’t), this IPO takes a shovel and buries those doubts. We, for one, are very excited to see how the future of Hyundai Motor India Limited unfolds.