Hyundai IPO: Competing with Maruti, Tata Motors, and Mahindra on Indian Exchanges

Hyundai Motor India Ltd, the Indian subsidiary of South Korean automaker Hyundai, is expected to launch its highly anticipated IPO soon. As per the Draft Red Herring Prospectus (DRHP) filed in June, the Hyundai Motor India IPO will be a complete offer-for-sale (OFS) of 142,194,700 equity shares by its promoter, Hyundai Motor, with no fresh issue of shares.

Hyundai Motor India’s listed peers on the Indian stock exchanges include Maruti Suzuki India Ltd, Tata Motors Limited, and Mahindra & Mahindra Limited. Let’s take a look at the peer data.

Maruti Suzuki India Ltd

Maruti Suzuki India Ltd, established in 1981, became a subsidiary of Suzuki Motor Corporation (SMC) in 2002. The company is the market leader in India’s passenger vehicle segment and SMC’s largest subsidiary in terms of production and sales. SMC holds a 56.28% equity stake in Maruti. The company has a market cap of ₹3,99,289.70 crore (as of October 4, 2024), with total income rising from ₹1,206,746 million in FY 2023 to ₹1,459,517 million in FY 2024. The profit for FY 2024 stood at ₹134,882 million, up from ₹82,637 million in FY 2023. On October 4, 2024, the share price of Maruti Suzuki India opened at ₹12,689.90, touching the day’s high of ₹12,877.85, as of 12:13 PM. 

Tata Motors

Tata Motors, part of the Tata conglomerate, is a global leader in the automobile sector, offering a diverse range of vehicles. It has a market cap of ₹3,48,027.59 crore (as of October 4, 2024). The company’s total income for FY 2024 was ₹4,43,877.69 crore, an increase from ₹3,50,600.15 crore in FY 2023. Tata Motors reported a profit of ₹31,806.75 crore in FY 2024, up from ₹2,689.87 crore in FY 2023. On October 4, 2024, the share price of Tata Motors opened at ₹930.00, touching the day’s high of ₹947.75, as of 12:13 PM. 

Mahindra & Mahindra Ltd

Mahindra & Mahindra Ltd, a diversified automobile company, operates across various vehicle segments. With a market cap of ₹3,86,457.67 crore (as of October 4, 2024), the company’s total income for FY 2024 was ₹1,03,157.85 crore, up from ₹87,568.34 crore in FY 2023. Mahindra & Mahindra’s profit rose to ₹10,717.80 crore in FY 2024, from ₹6,548.64 crore in the previous year. On October 4, 2024, the share price of Mahindra & Mahindra opened at ₹3,127.05, touching the day’s high of ₹3,157.60, as of 12:14 PM.

Hyundai IPO

While Hyundai IPO dates, price band and other details are yet to be announced, the potential for such a move holds significant promise given the company’s strong market presence and future growth prospects, especially in the EV segment. When Hyundai goes public, it will find itself competing with well-established automotive giants like Tata Motors, Maruti Suzuki, and Mahindra & Mahindra, which have already carved out strong positions on Indian stock exchanges. Hyundai IPO can present investors with the opportunity to invest in another global automotive leader.

Following a successful IPO, the Hyundai Motor Share Price will be closely watched during its stock market listing, shaping investor sentiment.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.