Key points mentioned by the management included: Target of 1.5X revenues over current levels and hence crossing Rs 1 lakh crore milestone by FY2030 This is just 50% revenue growth over next 5 years Targets upto 30% export contribution by 2030 (against 27% currently) Launch of luxury segment brand Genesis in India by 2027 26 … Read more
Jose Munoz literally shattered the glass ceiling as he became the first non-Korean to become the global CEO and President of Korean automotive giant Hyundai in Jan 2025. A native of Spain and currently a US citizen, the 60-year-old Munoz now has his eyes firmly fixed on India, a market that he sees not just … Read more
Hyundai Motor India has obtained approval for its initial public offering from the Securities and Exchange Board of India, according to two sources familiar with the situation. Â The South Korean automaker plans to raise $3 billion at a roughly $20 billion valuation, sources previously told Reuters. This would make it the first carmaker to go … Read more
Indian automakers replenished stocks before the new year, helping wholesale auto sales witness healthy growth. Inventory was lower than usual for passenger vehicles and tractors, leaving headroom for higher inventory filling in the coming months, industry executives said. They said spillover demand from the festive season and inventory refilling would drive demand for passenger vehicles … Read more
Little more than a year… it has already raced ahead of Mahindra and is now number 4th in market share