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Hyundai, Kia Sell Stake in Ola Electric, Exacerbating Share Slump
South Korean automakers Hyundai Motor and Kia sold about 136 million shares in Ola Electric Mobility on Tuesday. While Hyundai offloaded 108.8 million shares at an average price of 50.7 rupees (59 cents), Kia sold 27.17 million shares at 50.55 rupees a share. Ola Electric shares fall after 3.3 percent of equity traded in blocks.
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Ola Electric Shares In Spotlight As Hyundai, Kia Exit Via Rs 690 Crore Block Deals
Hyundai Motor sold its entire stake in Ola Electric, while rival South Korean carmaker Kia trimmed its holding, in a combined share sale worth 6.89 billion rupees ($80 million).
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Tata Motors Looks to Local Battery Play as EV Competition Rises
Tata's EV market lead shrunk to 62 percent in 2024 from 73 percent a year ago as rival JSW MG Motor gained share with its new cars. This year, Mahindra & Mahindra, Hyundai Motor and market leader Maruti Suzuki will also launch EVs in India.
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Hyundai India's Shares Fall 1.3% In Debut Trade After Record $3.3 Billion IPO
Hyundai Motor India's shares fell 2% in their market debut today, after a tepid response from retail investors to the country's largest ever initial public offering.
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Hyundai India's $3.3 Billion IPO, Country's Largest Ever Share Sale, Rolls Out
Hyundai India will start taking orders for its $3.3 billion initial public offering in Mumbai on Monday, the company said in regulatory filings, a deal that will be the country's largest-ever share offering and the world's second-biggest IPO in 2024.
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Hyundai's $3 Billion IPO, India's Largest Ever, To Open Next Week
The Indian unit of the Korean carmaker is reportedly offering a discount of Rs 186 per share to eligible employees in the IPO.
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Hyundai Creta EV Launch By Q4 FY25, Electric Models Lined Up
HMIL filed preliminary papers with Sebi to launch an initial public offering (IPO). The company's IPO, if it goes through, would be the largest in India, surpassing LIC's share sale of Rs 21,000 crore.
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Hyundai to Initiate India IPO with Draft Filing Today
On offer in the Hyundai India IPO are 142 million shares equivalent to 17.5% stake. The roadshows will begin in August.
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Auto Expo 2023: EVs Take Centre Stage With Participation From Over 70 Automakers
The Auto Expo got off to a rousing start in the national capital on Friday, showcasing electric vehicles (EVs) by more than 70 domestic and international automakers. EVs are at the centre stage of this year's Auto Expo, Japan's NHK World international service reported.
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Hyundai Venue Subcompact SUV Crosses 3 Lakh Units Sales Milestone In India
The Hyundai Venue has crossed the 3 lakh units sales milestone in India. The subcompact SUV has been on sale in the country for the last three years, and currently holds a market share of 16.9 per cent in its segment.
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Maruti Suzuki Sees Lowest Market Share In 8 Years, Tata Motors At 13 Years High
Maruti Suzuki India's market share has come down to an eight-year low, at 43.65 per cent, in Financial Year 2021-22. At the same time rival Tata Motors has reported a rise in market share, which stands at 12.14 per cent, its highest ever in the last thirteen years.
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Kia Carens Three-Row MPV Spotted Testing In India
The Kia Carens MPV was recently spotted testing alongside the Hyundai Alcazar ahead of its global debut.
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Top 10 SUVs Sold In October 2021; Tata Motors Leads The Pack With 25% Share
While the Hyundai Venue was the best selling SUV at 10,554 units, the Nexon and Punch collectively accounted for 18,549 units, which gives Tata Motors a dominating 25 per cent share among the five brands in the Top 10 best-selling SUVs list.
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Honda Cars India Trademarks Elevate Name, Is This The BR-V Replacement?
Honda Cars India has trademarked the Elevate name that could possibly be the name of a new mid-size SUV that will take on the Hyundai Alcazar, Tata Safari and the MG Hector Plus.
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Hyundai Motor India Achieves 10 Million Production Milestone
The Hyundai Alcazar is the 10 millionth car to roll out of the production line at HMIL's plant in presence of M K Stalin- Chief Minister of Tamil Nadu who also signed on the car's hood to mark the occasion.
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Hyundai, Kia Sell Stake in Ola Electric, Exacerbating Share Slump
South Korean automakers Hyundai Motor and Kia sold about 136 million shares in Ola Electric Mobility on Tuesday. While Hyundai offloaded 108.8 million shares at an average price of 50.7 rupees (59 cents), Kia sold 27.17 million shares at 50.55 rupees a share. Ola Electric shares fall after 3.3 percent of equity traded in blocks.
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Ola Electric Shares In Spotlight As Hyundai, Kia Exit Via Rs 690 Crore Block Deals
Hyundai Motor sold its entire stake in Ola Electric, while rival South Korean carmaker Kia trimmed its holding, in a combined share sale worth 6.89 billion rupees ($80 million).
-
Tata Motors Looks to Local Battery Play as EV Competition Rises
Tata's EV market lead shrunk to 62 percent in 2024 from 73 percent a year ago as rival JSW MG Motor gained share with its new cars. This year, Mahindra & Mahindra, Hyundai Motor and market leader Maruti Suzuki will also launch EVs in India.
-
Hyundai India's Shares Fall 1.3% In Debut Trade After Record $3.3 Billion IPO
Hyundai Motor India's shares fell 2% in their market debut today, after a tepid response from retail investors to the country's largest ever initial public offering.
-
Hyundai India's $3.3 Billion IPO, Country's Largest Ever Share Sale, Rolls Out
Hyundai India will start taking orders for its $3.3 billion initial public offering in Mumbai on Monday, the company said in regulatory filings, a deal that will be the country's largest-ever share offering and the world's second-biggest IPO in 2024.
-
Hyundai's $3 Billion IPO, India's Largest Ever, To Open Next Week
The Indian unit of the Korean carmaker is reportedly offering a discount of Rs 186 per share to eligible employees in the IPO.
-
Hyundai Creta EV Launch By Q4 FY25, Electric Models Lined Up
HMIL filed preliminary papers with Sebi to launch an initial public offering (IPO). The company's IPO, if it goes through, would be the largest in India, surpassing LIC's share sale of Rs 21,000 crore.
-
Hyundai to Initiate India IPO with Draft Filing Today
On offer in the Hyundai India IPO are 142 million shares equivalent to 17.5% stake. The roadshows will begin in August.
-
Auto Expo 2023: EVs Take Centre Stage With Participation From Over 70 Automakers
The Auto Expo got off to a rousing start in the national capital on Friday, showcasing electric vehicles (EVs) by more than 70 domestic and international automakers. EVs are at the centre stage of this year's Auto Expo, Japan's NHK World international service reported.
-
Hyundai Venue Subcompact SUV Crosses 3 Lakh Units Sales Milestone In India
The Hyundai Venue has crossed the 3 lakh units sales milestone in India. The subcompact SUV has been on sale in the country for the last three years, and currently holds a market share of 16.9 per cent in its segment.
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Maruti Suzuki Sees Lowest Market Share In 8 Years, Tata Motors At 13 Years High
Maruti Suzuki India's market share has come down to an eight-year low, at 43.65 per cent, in Financial Year 2021-22. At the same time rival Tata Motors has reported a rise in market share, which stands at 12.14 per cent, its highest ever in the last thirteen years.
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Kia Carens Three-Row MPV Spotted Testing In India
The Kia Carens MPV was recently spotted testing alongside the Hyundai Alcazar ahead of its global debut.
-
Top 10 SUVs Sold In October 2021; Tata Motors Leads The Pack With 25% Share
While the Hyundai Venue was the best selling SUV at 10,554 units, the Nexon and Punch collectively accounted for 18,549 units, which gives Tata Motors a dominating 25 per cent share among the five brands in the Top 10 best-selling SUVs list.
-
Honda Cars India Trademarks Elevate Name, Is This The BR-V Replacement?
Honda Cars India has trademarked the Elevate name that could possibly be the name of a new mid-size SUV that will take on the Hyundai Alcazar, Tata Safari and the MG Hector Plus.
-
Hyundai Motor India Achieves 10 Million Production Milestone
The Hyundai Alcazar is the 10 millionth car to roll out of the production line at HMIL's plant in presence of M K Stalin- Chief Minister of Tamil Nadu who also signed on the car's hood to mark the occasion.
