Real estate investing in india

Summary:

According to Mr. Unsoo Kim, managing director of Hyundai Motor India (HMIL), the Indian electric vehicle (EV) industry is expected to expand "strong and steady" until 2030, as firms shift their focus to this category. Despite an 8% year-over-year decline in electric car sales, HMIL's COO, Mr. Tarun Garg, announced the debut of their first high-volume EV, the Creta EV, in the fourth quarter of the fiscal year, describing it as a "big game changer" for customer confidence.

 

Hyundai Motor India Limited (HMIL) intends to raise $7.82 billion (Rs. 27,780 crore) in India's biggest IPO from October 15 to 17. The pre-IPO prospectus indicates that royalty payments to Hyundai Motor Corporation account for 3.5% of sales revenue. Mr. Unsoo Kim stated that the Indian EV market is in the "early stages of electrification" and is expected to grow gradually with government support. Mr. Tarun Garg emphasized Creta's influence on the SUV market, noting that its share has increased from 13% to 60% since 2015.

 

Source: IBEF 

 

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