Hyundai Motor India Ltd. Shifts Gears Towards Advanced Tech, Local EV Supply Network, and Social Impact Initiatives
SEOUL/MUMBAI — In a landmark moment, Hyundai Motor India Ltd. (HMIL) has launched India’s largest-ever Initial Public Offering (IPO), marking a milestone in both Hyundai’s journey and the Indian stock market’s history. The monumental listing on the National Stock Exchange (NSE) underscores Hyundai’s strategic commitment to deepening its roots in India’s automotive market, while accelerating its drive toward electrification and social impact.
Celebrated with a high-profile ceremony, Hyundai Motor Group’s Executive Chair Euisun Chung and Hyundai Motor Company CEO Jaehoon Chang marked the occasion alongside top executives. Chung highlighted Hyundai’s focus on “collaboration and shared growth,” signaling the company’s ambitious plans to localize its electric vehicle (EV) supply chain and further expand its presence in the Indian market. “We knew that India was the future,” he remarked, noting Hyundai’s creation of over 250,000 jobs, adoption of early environmental standards, and commitment to Indian communities through initiatives like ‘Samarth by Hyundai.’
Post-IPO, HMIL is slated to intensify investments across several fronts, including launching new products, advancing R&D capabilities, and localizing key EV components — from battery cells to drive systems. These investments aim to position Hyundai at the forefront of sustainable mobility in India, a market that continues to grow rapidly in EV adoption.
The IPO is more than a financial milestone; it reflects Hyundai’s evolving vision in India, extending beyond technology to social responsibility. Hyundai’s commitment to its corporate social responsibility agenda has been evident since its market entry in 1996 and continues through the Hyundai Motor India Foundation (HMIF). The foundation is actively involved in community programs aimed at environmental sustainability, education, and local development.
Hyundai’s new IPO era reinforces a broad vision of inclusive growth, blending technology and social impact. As it continues to drive EV innovation, Hyundai’s efforts are set to power not only the future of mobility but also community development across India. With a strong focus on localizing production and enhancing transparency, HMIL is gearing up to win over the hearts of over a billion Indians, embodying Hyundai’s ethos of “Progress for Humanity.”
