Tarun Garg, Whole-time Director and Chief Operating Officer, HMIL, said, "At Hyundai Motor India Limited, our endeavor is always to absorb rising costs to the extent possible, ensuring minimal impact on our customers. However, with the sustained increase in input cost, it has now become impe
To advance this mission, HMIL signed a Power Purchase and Shareholder Agreement with Fourth Partner Energy Limited (FPEL) at its Chennai manufacturing plant.
The stock opened at Rs 1,931 on the Bombay Stock Exchange (BSE), lower than the issue price of Rs 1,960, reflecting a decline of 1.5 per cent. On the National Stock Exchange (NSE), shares listed at Rs 1,934. Following the initial trading, Hyundai's share price further fell 3 per cent.
New Delhi [India], October 14: Hyundai Motor India Limited (HMIL), a significant player in the Indian automobile sector, is gearing up for its initial public offering (IPO), which aims to raise capital for strategic initiatives.
Hyundai Motor India has planned an investment of Rs 32,000 crore in the country over the next 10 years, from 2023 to 2032, said Unsoo Kim of Hyundai Motor India during the press conference on Wednesday.
India's automotive sector experienced mixed fortunes in June 2024, with Maruti Suzuki and Mahindra & Mahindra (M&M) reporting growth, while Hyundai Motor India Limited (HMIL) saw a slight dip in their sales figures.
Hyundai Motor India Ltd (HMIL) and Maruti Suzuki India Limited, reported impressive sales figures, highlighting their continued dominance in the market, selling 232,790 units combined.
Hyundai Motor India will enhance its production capabilities to one million units by 2025. Combined with Kia India, Hyundai Motor Group will be able to annually produce 1.5 million units in India by 2025.
Hyundai Motor India announced Rs 6,180 crore investment plans in Tamil Nadu, which includes Rs 180 crore towards a dedicated 'Hydrogen Valley Innovation Hub,' in association with IIT- Madras.