Hyundai Motor India IPO Details, Financials, Valuation & Peers

Hyundai Motor India Limited (HMIL) is a subsidiary of the Hyundai Motor Group, ranked as the third largest auto OEM globally based on passenger vehicle sales in CY2023. Since Fiscal 2009, HMIL has consistently held the position of India’s second largest auto OEM in terms of domestic sales volumes. We specialize in manufacturing and selling a diverse portfolio of passenger vehicles renowned for their reliability, innovation, and advanced technology. Our product range includes 13 models across various segments such as sedans, hatchbacks, SUVs, and EVs. Additionally, we produce critical automotive components like transmissions and engines. HMIL has been India’s largest exporter of passenger vehicles since Fiscal 2005, reflecting our strong presence in both domestic and international markets.

Key Points:

• Strong Parentage: As part of the Hyundai Motor Group (HMG), HMIL benefits from extensive support across R&D, design, manufacturing, supply chain, marketing, and brand management. HMG’s global R&D capabilities and insights into emerging trends enable HMIL to introduce new vehicles and technologies swiftly to meet customer preferences.
• Advanced Technology: Leveraging HMG’s innovations and Hyundai Autoever’s smart factory platform, HMIL operates a state-of-the-art manufacturing plant in Chennai. This facility integrates advanced automated processes for flexible production and customisation of vehicles. Digital platforms like the "myHyundai" app and "H-Smart" app enhance customer and dealer engagement, reflecting our commitment to technological integration.
• Hyundai Brand: Globally recognized for design leadership, engineering excellence, and exceptional value, the Hyundai brand is deeply rooted in customer satisfaction. In India, HMIL has earned over 50 awards, including multiple Indian Car of the Year titles. Our marketing initiatives, celebrity endorsements, and strong social media presence resonate with diverse customer segments, reinforcing Hyundai as an aspirational and inclusive brand.
• Localisation: To ensure competitive pricing and operational efficiency, HMIL prioritizes localisation of parts and materials. Approximately 90% of our parts are sourced locally from suppliers near our Chennai Manufacturing Plant, facilitating a "Just in Time" manufacturing approach and minimizing inventory costs.