The home passenger car (PV) wholesale (dispatches to sellers) in July noticed main firms together with Maruti Suzuki India (MSIL), Hyundai Motor India (HMIL) and Tata Motors reporting damaging gross sales as in comparison with the identical month final 12 months. Market chief MSIL’s home gross sales declined by round 10 per cent year-on-year to … Read more
The primary half of 2024 has been an eventful section for IPOs within the mainboard phase. With 38 corporations going public to this point in 2024 and extra IPOs projected to be launched within the second half of the yr, together with the mega IPOs of Hyundai India and Ola Electrical, the going seems good. … Read more
Auto behemoth Hyundai Motor India Restricted’s (HMIL) moved a step nearer to an preliminary public providing (IPO) within the Indian market, with the corporate set to file its draft purple herring prospectus (DRHP) with the Securities and Trade Board of India (SEBI) anytime now. Sources near the event informed businessline that the corporate is prepared … Read more
Maruti Suzuki India (MSIL), the nation’s largest passenger automobiles maker, on Saturday reported complete home gross sales of 1,44,002 items in Could, a year-on-year (Y-o-Y) marginal progress as in contrast with 1,43,708 items in the identical month final yr. Gross sales of the mini section (Alto and S-Presso) declined to 9,902 items through the month … Read more
On April 8, Hyundai and Kia signed an MOU with Exide Vitality Options, the EV (electrical car) subsidiary of Exide industries, which can allow the OEMs to equip their EVs within the Indian market with regionally produced Lithium Iron Phosphate (LFP) batteries. Consequently, the Exide Industries inventory has rallied almost 45 per cent for the … Read more