Hyundai Motor India Ltd, the most successful foreign automaker in the country where a few others have failed, has reportedly got nod from the Securities and Exchange Board of India for its initial public offering (IPO), the largest ever in India. Hyundai, India’s second-biggest car maker behind Maruti Suzuki, plans to raise at least $3 … Read more
Tata Motors Ltd. and Mahindra & Mahindra Ltd. are closing in on Hyundai Motor Co.’s No. 2 position in India, putting pressure on the South Korean automaker just as it prepares for a record $3.5 billion listing of its local unit. While Hyundai has long wrestled with Tata Motors for the second spot, Mahindra — … Read more
Banks advising South Korean automaker Hyundai on its India IPO are set to make as much as $40 million in fees, three sources said, a windfall in a market where banks typically struggle to make money given cost-conscious clients and fewer big deals. That would be the second-highest fee pot ever for investment banks working … Read more
Hyundai has joined Indian car manufacturers Tata Motors and Mahindra & Mahindra in opposing any tax breaks for hybrid vehicles, suggesting that such measures could disrupt the market for petrol and diesel cars. Japanese carmakers like Maruti Suzuki, Toyota, and Honda are advocating for lower taxes on strong hybrids, arguing that the technology reduces emissions … Read more
Hyundai, which plans to raise Rs 25,000 crore through the Indian stock market by selling a 17% equity stake in local unit, has raised concerns about the “frequent changes” in government policy, stating that such moves can impact both investment flows into India and the speed of technological advancements. Having invested nearly Rs 30,000 crore … Read more
