IPO Details

About Company

Incorporated in May 1996, Hyundai Motor India Limited (HMIL) is part of the Hyundai Motor Group, the third-largest global auto original equipment manufacturer (OEM) by passenger vehicle sales. The company is known for producing and selling reliable, feature-rich, and innovative four-wheeler passenger vehicles, leveraging cutting-edge technology. It also manufactures key automotive components, such as engines and transmissions. HMIL offers comprehensive mobility solutions with an extensive network of 1,366 sales points and 1,550 service points across India. As of March 31, 2024, the company had sold nearly 12 million passenger vehicles both domestically and through exports. The company's product lineup includes a wide range of vehicles such as sedans, hatchbacks, SUVs, and electric vehicles (EVs), with popular models like the Grand i10 NIOS, i20, i20 N Line, AURA, Elantra, Venue, Venue N Line, Verna, Creta, Creta N Line, Alcazar, Tucson, and the all-electric SUV Ioniq 5. By December 31, 2023, HMIL had established partnerships with 363 dealership companies to support distribution and sales within India. The company's manufacturing plant, located near Chennai, has the capability to produce its full range of vehicles. Hyundai Motor India exports its products to regions including Africa, the Middle East, Bangladesh, Nepal, Bhutan, and Sri Lanka.