INSUBCONTINENT EXCLUSIVE:
Hyundai (Photo: Shutterstock)2 min read Last Updated : Sep 25 2024 | 12:45 AM IST
Hyundai Motor India has obtained approval for its
Korean automaker plans to raise $3 billion at a roughly $20 billion valuation, sources previously told Reuters.
This would make it the
first carmaker to go public in India in two decades, following market leader Maruti Suzuki's IPO in 2003.
Hyundai India did not respond to
introduce at least two gasoline-powered models tailored for the market starting in 2026, three sources with knowledge of the company's plans
and South Korea, and it has already invested $5 billion in the country with commitments to pump in another $4 billion over the next
$15 billion and aims to raise $1-1.2 billion, according to multiple sources familiar with the matter.(Only the headline and picture of this
report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)First
Published: Sep 25 2024 | 12:39 AMIST
