Hyundai Motors’ Indian Stock Exchange Listing: A Testament to Its Commitment to India

Hyundai’s Indian stock exchange listing strengthens its commitment to India, promoting local manufacturing and innovation in the automotive sector

Hyundai Motors’ listing on the Indian stock exchange is a monumental step, further solidifying the company’s long-term commitment to the Indian market. Over the past two decades, Hyundai has played a pivotal role in shaping India’s automotive landscape, investing significantly in local manufacturing, innovation, and customer services. This listing reinforces Hyundai’s intent to deepen its integration with India’s economic growth by allowing stakeholders a direct opportunity to participate in the brand’s success.

Currently, Hyundai offers a wide range of cars in India including the Grand i10, Exter, Venue, i20, Creta, Alcazar, Verna, Ioniq 5, and Tucson along with N Line variants of the Venue, Creta and i20. With the listing at the National Stock Exchange, Hyundai is poised to introduce more globally advanced cars along with India-specific models in the near future, such as the EV versions of Exter and Creta.

In line with its commitment to India’s vision of ‘Atmanirbhar Bharat’ (Self-Reliant India), Hyundai plans to create an advanced manufacturing centre in Talegaon, Maharashtra, where production operations are scheduled to begin in 2025. This facility will focus on making cars in India, further boosting local manufacturing capabilities and contributing to India’s automotive growth.

The capital raised from this public offering will support Hyundai’s future plans, particularly in innovation around electric vehicles (EVs), sustainability initiatives and advanced mobility solutions. The move demonstrates Hyundai’s confidence in the Indian automobile sector and its intention. Moreover, it strengthens Hyundai’s deep-rooted presence through extensive dealerships, manufacturing plants and R&D facilities while creating new opportunities for local employment and sustainable mobility.

Hyundai’s commitment to social responsibility is also evident in initiatives like ‘Art for Hope,’ a CSR program that supports emerging and under-represented artists in India. In its fourth season, the Hyundai Motor India Foundation has invited applications for mentorship and grant support, allocating a total of INR 60 Lakhs to 50 individual artists and art collectives, including those with disabilities. This initiative not only empowers artists by providing them a platform to showcase their talents but also fosters social dialogue through art, addressing critical issues like climate change and community resilience.

Additionally, Smarth is another initiative that exemplifies Hyundai’s dedication to social good. Through Smarth, Hyundai aims to create a sustainable future by promoting environmental awareness and responsible practices among its employees and communities. This program aligns with Hyundai’s overarching vision of ‘Progress for Humanity,’ which seeks to improve the quality of life for all through innovative and sustainable solutions.

Present at the opening bell ceremony at NSE Mumbai were key leaders from Hyundai, including Mr. Wangdo Hur (Chief Financial Officer & Whole Time Director, Hyundai Motor India Limited), Mr. Gopalakrishnan CS (Chief Manufacturing Officer & Whole Time Director, Hyundai Motor India Limited), Mr. Jaehoon Chang (President and CEO, Hyundai Motor Company), Mr. Euisun Chung (Executive Chair, Hyundai Motor Group), Mr. Unsoo Kim (Managing Director, Hyundai Motor India Limited), and Mr. Tarun Garg (Chief Operating Officer & Whole Time Director, Hyundai Motor India Limited).

In summary, Hyundai’s listing on the Indian stock exchange not only marks a significant milestone in its business journey but also highlights its unwavering commitment to India through innovative practices, local manufacturing and meaningful social initiatives.