Published 23rd June 2024
Companies are making a beeline in the IPO market. Hyundai Motors India is the latest to file a DRHP for what is being touted as India’s largest ever IPO.
Expected to be worth Rs 25,000 crore, it will be the largest IPO. LIC’s Rs 21,000 crore float is the current largest IPO. Parent Hyundai Motor Corp will sell a 17.5% stake.
The four-wheeler manufacturer is India’s second largest automaker by volume, only behind market leader Maruti Suzuki.
Its recently acquired new plant in Maharashtra is a key growth driver, which will raise its capacity by 30% to 10.7 lakh units. It is likely to be operational by H2-FY26.
It further aims to grasp Indian consumers’ needs better to increase its market share in both the SUV and EV segments. It also plans to make India its key export hub.
The company is facing intense competition from rivals like Tata Motors and M&M. As a result, its market share has fallen from 17.6% in FY20 to 15% as of Feb 2024.
We have done a head-to-head comparison of its key financial parameters with other top peers–Maruti, M&M and Tata Motors. Check how it fares against its rivals from the link below.