Hyundai clocks record sales ahead of Rs 25k-cr IPO
image for illustrative purpose
Seoul: Hyundai Motor, South Korea’s leading automaker, saw its sales hit a record in India in the first half of this year, according to industry data on Sunday, as it has filed for an initial public offering (IPO) worth Rs25,000 crore for its India unit.
According to data from the Federation of Automobile Dealers Associations of India (FADA), Hyundai sold 272,207 units in India from January to June this year, up 2 per cent compared to the 266,760 units sold in the same period in 2023. The tally marks the largest first-half sales figure for Hyundai Motor in the country, reports Yonhap news agency.
Hyundai Motor’s investor relations data also showed that Hyundai’s Indian plant sold a total of 259,659 units locally from January to May.
