About Company

• Incorporated on May 6, 1996, Hyundai Motor India (“HMI”) is promoted by Hyundai Motor Company (“HMC”). HMI is the 3rd largest auto original equipment manufacturer (“OEM”) in the world based on passenger vehicle sales in CY2023. They have been the 2nd largest auto OEM in the Indian passenger vehicles market since Fiscal 2009 (in terms of domestic sales volumes).

• They have a track record of manufacturing and selling 4-wheeler passenger vehicles that are reliable, feature-rich, innovative and backed by the latest technology. They have portfolio of 13 models across multiple passenger vehicle segments by body type such as sedans, hatchbacks, sports-utility vehicles (“SUVs”) and battery electric vehicles (“EVs”).

• HMI also manufacture parts, such as transmissions and engines. They have also been India’s 2nd largest exporter of passenger vehicles from April 1, 2021 through June 30, 2024.

• Since 1998 and up to June 30, 2024, they have cumulatively sold nearly 12 million passenger vehicles in India and through exports.

• HMI’s current market position is because of their wide product offerings, stakeholder relationships and operations; the strong Hyundai brand in India; ability to leverage new technologies to enhance operational and manufacturing efficiency; and ability to expand into new businesses such as EVs through innovation.

• In CY2023, they were among the Top 3 contributors to HMC’s global sales volumes, and their contribution to HMC’s sales volumes increased from 15.48% in CY2018 to 18.19% in CY2023.

• The company has established “Hyundai” as a trusted brand in India. The 8 passenger vehicle models that have received this accolade are i10 (2008), Grand i10 (2014), Elite i20 (2015), Creta (2016), Verna (2018), Venue (2020), i20 (2021) and Exter (2024). Further IONIQ 5 also won the Green Car of the Year award in 2024.

• As a key part of the Hyundai Motor Group, they gain early access to global trends in automotive, technologies and features, including from HMC’s dedicated technology arm covering passenger vehicle IT services, smart manufacturing, mobility services, data security services and enterprise IT services – Hyundai Autoever.

• Leveraging Hyundai Autoever, HMC’s “smart factory” platform, they are able to produce flexibly customized passenger vehicles and parts using automated manufacturing processes. Further, to digitise the sales network, they have launched end-to-end digital platforms, such as the “myHyundai” app for customers and the “H-Smart” app for dealers in India.

Strengths

Competitive Strength 

• The 2nd largest auto OEM in India and the largest exporter of passenger vehicles;

• Diverse portfolio of passenger vehicles across powertrains and major passenger vehicle segments;

• Ability to identify emerging market trends in a timely manner and introduce innovative passenger vehicles and technologies to meet customer needs in India;

• Pan-India sales, distribution and after-sale services network offered by the dealers;

• Digitisation across the value chain;

• Flexible and automated manufacturing capabilities;

• Experienced management team with a track record of delivering profitable growth and superior returns

Business Strategies 

• Leveraging the deep understanding of consumer preferences to successfully expand the passenger vehicle portfolio;

• Focus on continued premiumisation of the passenger vehicle portfolio;

• Calibrated manufacturing capacity expansion and efficient capital allocation;

• Focus on increasing EV market share;

• Further strengthening the position as the export hub for HMC;

• Continue to enhance the brand as a trusted brand in India;

• Further deepen the physical-and digital network for sales and services across India.

Company Promoters

Company Financials

Hyundai Motor India Limited Financial Information (Restated Consolidated)

Hyundai Motor India Limited's revenue increased by 16% and profit after tax (PAT) rose by 29% between the financial year ending with March 31, 2024 and March 31, 2023.

Objects of the Issue

1. The company will not receive any proceeds from the Offer (the “Offer Proceeds”) and the Promoter Selling Shareholder will receive all the Offer Proceeds after deduction of Offer related expenses and relevant taxes thereon, to be borne by the Promoter Selling Shareholder.