Hyundai Motor India, the subsidiary of Hyundai Motor Company, made history with its record-breaking Initial Public Offering (IPO) on the Indian stock market, marking the largest IPO in the country’s history. This milestone highlights Hyundai Motor’s dedication to increased transparency and expanding investment in India.
The landmark event was celebrated with a ceremony at the National Stock Exchange (NSE) in Mumbai, attended by Hyundai Motor Group Executive Chair Euisun Chung, Hyundai Motor Company President and CEO Jaehoon Chang, and other senior executives.
“We recognized India’s potential early on, which is why we consistently increased investments, expanded our R&D capabilities, and created over 250,000 jobs,” stated Chung. He further emphasized Hyundai’s commitment to environmental and social governance (ESG) standards and various corporate social responsibility (CSR) activities.
Looking ahead, Chung assured that Hyundai Motor India Limited (HMIL) will maintain its high standards of governance, localize operations further, and lead advancements in future technologies within India. “Our commitment to localization and collaboration will continue, alongside our drive to pioneer future technologies right here in India,” he added. Following the IPO, Hyundai plans to invest in new products, cutting-edge technologies, and R&D capabilities to strengthen its foothold in the Indian market.
Hyundai will also localize its electric vehicle (EV) supply chain by investing in the infrastructure for battery systems, battery cells, and drive systems across India, advancing its mission to become a leader in future technology in the region.
Since its entry into India in 1996, Hyundai has demonstrated a strong commitment to corporate social responsibility. The recent IPO signals a new chapter in its journey, focusing on transparency, social contributions, and technological innovation. Hyundai’s ongoing social initiatives include its ‘Samarth by Hyundai’ campaign, launched last November, aligning with the company’s global vision of ‘Progress for Humanity.’
In addition to these initiatives, Hyundai established the Hyundai Motor India Foundation (HMIF) in 2006, reinforcing its long-standing commitment to the well-being of Indian communities through CSR activities that support customers, employees, suppliers, and the environment.
As Hyundai continues to grow within India, it pledges to uphold its social responsibilities and contribute to the nation’s development, embodying a vision of mutual growth and cooperation.
