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 landscape of India's passenger vehicle (PV) market is undergoing a notable transformation as the dominance of long-standing players declines while new entrants gain ground.
Despite a challenging market, the company achieved a growth in EBITDA margin to 13.14 per cent from 12.58 per cent year-over-year, driven by strategic cost management and robust domestic demand in its SUV segment.
The new Dzire will be available in three new colour options - Alluring Blue, Gallant Red, and Nutmeg Brown, in addition to Arctic White, Splendid Silver, Bluish Black and Magma Grey colour options that are on offer.
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.
Bajaj Auto, HDFC Bank, Asian Paints, Mahindra & Mahindra (M&M), and Eicher Motors emerged as the top gainers, while Tata Consumer Products, Kotak Bank, Bajaj Finserv, Bharat Petroleum Corporation Limited (BPCL), and IndusInd Bank were the biggest losers of the session.
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.