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Source: Live Mint Sport utility vehicles (SUVs) and compressed natural gas (CNG) variants of existing models are currently driving auto demand in India. Maruti Suzuki India Ltd’s September quarter (Q2FY25) results reflect this. The automaker reported a 20% on-year drop in passenger car sales in the quarter, but SUV sales rose 9%. Notably, rural customers…
Source: Live Mint The issue—a milestone for both the company’s parent Hyundai Motor Co. (HMC) and the Indian stock market as the country’s largest public offering so far—is a key part of Hyundai’s strategy to enhance the valuation of its global businesses as part of the South Korean government’s Corporate Value-Up Program. The programme seeks…
Source: Live Mint While the passenger vehicle market is currently facing headwinds, is Hyundai’s IPO a strategic gamble? With the beginning of the festivities, could the timing signal the beginning of a new growth chapter for the company, capitalizing on increased consumer sentiment and potential market rebound? As HMI prepares to gauge investor sentiment, a…
