Hyundai Motor’s India Sales Reach Record High Before Planned IPO

Hyundai Motor’s India Sales hits record high in first half of this year. Hyundai Motor, the top automaker in South Korea, filed for an initial public offering (IPO) of Rs 25,000 crore for its India branch on Sunday. According to industry data, the company achieved record sales in India.

The Federation of Automobile Dealers Associations of India (FADA) reports that Hyundai sold 272,207 vehicles in India between January and June of this year, a 2% increase over the 266,760 vehicles sold during the same period in 2023.

Also Read:Indian Startups Raise $176 Million In First Week Of July

According to the Yonhap news agency, the total is Hyundai Motor’s highest first-half sales figure in the nation.

Additionally, according to data from Hyundai Motor’s investor relations department, Hyundai Motor’s India Sales from January to May reached a total of 259,659 units.

Whether the corporation may increase its local competitiveness through the listing on the Indian stock market is a topic of great interest to industry experts.

For the Korean auto giant, India is a vital worldwide production base. Hyundai built 765,000 automobiles in India last year.