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Hyundai officially files for ~$3 billion IPO in India

Teslarati

On June 16, 2024, Hyundai Motor Company confirmed that it officially filed for an initial pubic offering (IPO) in India estimated to raise nearly $3 billion. The South Korean automaker has already submitted the “Draft Red Herring Prospectus (DRHP) to India securities market. Hyundai plans to invest more in India.

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Hyundai reportedly filing for IPO in India

Teslarati

Hyundai Motor Company’s subsidiary in India is reportedly filing for an initial public offering (IPO) in the country next month. According to local media reports, Hyundai Motor India Ltd. The Hyundai subsidiary plans to submit the DRHP either by the end of June or July. of India raised $2.7

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Hyundai Motor Group’s connected car services reach 10M global service subscribers

Green Car Congress

Hyundai Motor Group surpassed 10 million global connected car service subscribers this month. Hyundai Motor, Kia and Genesis currently operate Bluelink, Kia Connect and Genesis Connected services. The milestone comes one year and 10 months after reaching 5 million subscribers in August 2021.

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Hyundai Motor to invest $85B over next 10 years to accelerate transition to smart mobility provider

Green Car Congress

At an Investor Day event in Seoul, Hyundai Motor said that it will accelerate its transition toward becoming a smart mobility solution provider by securing a large-scale investment of KRW 109.4 The company is currently producing EVs in this way at its plants in the US, South Korea, the Czech Republic, and India. trillion (US$27.8

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Hyundai Motor India launches Hyundai Soirée for IONIQ 5 customers | Autocar Professional

Baua Electric

Hyundai Motor India Limited (HMIL) has announced the launch of Hyundai Soirée, an exclusive customer engagement initiative tailored especially for customers of the all-electric Hyundai IONIQ 5. Through Hyundai Soirée, we endeavour to connect deeply with our customers, enriching their ownership journey.

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India a focal market for Hyundai: Hyundai Motor India MD Unsoo Kim | Autocar Professional

Baua Electric

South Korean automaker Hyundai Motor is looking at India as a crucial market for its operations as the passenger vehicle market here continues to grow by leaps and bounds. India is currently the third-largest market for passenger vehicles globally and continues to be among the fastest-growing markets. lakh units.

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Hyundai Motor to enter hybrid vehicle segment in India in 3 years | Autocar Professional

Baua Electric

Hyundai Motor India, the second largest car maker in the country, is set to enter the hybrid vehicle segment in the coming three years. Hyundai Motor India is likely to bring in the hybrid powertrain alternatives in its mid-size SUVs in the future. Globally too Hyundai Motor is pushing for hybrids.

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