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Hyundai Motor India takes IPO route to strengthen market position amidst rising local competition, says GlobalData

Summary by GlobalData
Hyundai Motor India Limited, a subsidiary of Hyundai Motor Company, has officially launched its initial public offering (IPO) on 15 October 2024. As India’s second-largest car manufacturer, Hyundai’s growth reflects a well-executed strategy of diversifying its product lineup and expanding into Tier-2 and Tier-3 cities. This IPO positions the company to bolster its market presence and compete more effectively against rising local competitors, say…
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