{"id":1278678,"date":"2024-02-06T16:32:25","date_gmt":"2024-02-06T11:02:25","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1278678"},"modified":"2024-02-06T16:32:47","modified_gmt":"2024-02-06T11:02:47","slug":"hyundai-planning-indias-biggest-ipo-rs-25000-crore-will-this-challenge-tesla-in-india","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/hyundai-planning-indias-biggest-ipo-rs-25000-crore-will-this-challenge-tesla-in-india\/","title":{"rendered":"Hyundai Planning India&#8217;s Biggest IPO: Rs 25,000 Crore! Will This Challenge Tesla In India?"},"content":{"rendered":"\n<p>Hyundai Motor India has reportedly initiated confidential discussions with major global banks regarding a potential <a href=\"https:\/\/www.wionews.com\/business-economy\/hyundais-ambitious-move-plans-3-billion-ipo-for-the-indian-unit-687342\">$3 billion plus<\/a> Initial Public Offering (IPO) slated as the country&#8217;s largest ever. The local arm of Korean automaker Hyundai has engaged firms like JP Morgan and Bank of America as it explores stock listing options with the regulatory filing likely in mid-2024.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/Untitled-design-4-1280x720-2-1024x576.jpeg\" alt=\"Hyundai Planning India's Biggest IPO: Rs 25,000 Crore! Will This Challenge Tesla In India?\" class=\"wp-image-1278679\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/Untitled-design-4-1280x720-2-1024x576.jpeg 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/Untitled-design-4-1280x720-2-300x169.jpeg 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/Untitled-design-4-1280x720-2-768x432.jpeg 768w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/Untitled-design-4-1280x720-2.jpeg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The move demonstrates India&#8217;s surging capital market attraction amid relative stagnancy across other large Asian economies as a robust secondary avenue for global corporates to raise growth financing. Talks envision Hyundai India&#8217;s valuation crossing $30 billion \u2014 over half parent&#8217;s market cap.<\/p>\n\n\n\n<p><strong>EV Competition, Growth Prospects in Focus<\/strong><\/p>\n\n\n\n<p>With arch rival Tata Motors recently hitting valuation records on swelling EV interest, analysts feel the timing aligns with Hyundai&#8217;s India EV focus too as it commits nearly $4 billion over this decade on new cleaner models, allied infrastructure and supply chain localization.<\/p>\n\n\n\n<p>IPO proceeds could aid planned acquisition of GM&#8217;s scrapped production facility also expanding output capacities when market leader Maruti faces margin pressures from competitor launches. With Tesla contemplating 2021 India entry deferred multiple times, the public float when materialized intends consolidating Hyundai&#8217;s leadership versus fellow global aspirants.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hyundai Motor India has reportedly initiated confidential discussions with major global banks regarding a potential $3 billion plus Initial Public Offering (IPO) slated as the country&#8217;s largest ever. The local arm of Korean automaker Hyundai has engaged firms like JP Morgan and Bank of America as it explores stock listing options with the regulatory filing [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":1278679,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[251,1081],"class_list":["post-1278678","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-hyundai","tag-ipo"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hyundai Planning India&#039;s Biggest IPO: Rs 25,000 Crore! Will This Challenge Tesla In India? - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/hyundai-planning-indias-biggest-ipo-rs-25000-crore-will-this-challenge-tesla-in-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hyundai Planning India&#039;s Biggest IPO: Rs 25,000 Crore! Will This Challenge Tesla In India? - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"Hyundai Motor India has reportedly initiated confidential discussions with major global banks regarding a potential $3 billion plus Initial Public Offering (IPO) slated as the country&#8217;s largest ever. The local arm of Korean automaker Hyundai has engaged firms like JP Morgan and Bank of America as it explores stock listing options with the regulatory filing [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/hyundai-planning-indias-biggest-ipo-rs-25000-crore-will-this-challenge-tesla-in-india\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-06T11:02:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-06T11:02:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/Untitled-design-4-1280x720-2.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mohul Ghosh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohul Ghosh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/hyundai-planning-indias-biggest-ipo-rs-25000-crore-will-this-challenge-tesla-in-india\/\",\"url\":\"https:\/\/trak.in\/stories\/hyundai-planning-indias-biggest-ipo-rs-25000-crore-will-this-challenge-tesla-in-india\/\",\"name\":\"Hyundai Planning India's Biggest IPO: Rs 25,000 Crore! 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