Hyundai MD Unsoo Kim Discusses Upcoming IPO Strategy And Future Plans For India

Hyundai Motor India’s Managing Director, Unsoo Kim, addressed key questions regarding the company’s upcoming IPO. He explained why there is no fresh issue in this IPO, stating that the focus is on offering opportunities for local and global investors to participate in Hyundai’s growth story. As the second-largest vehicle OEM in India, Hyundai believes this is the right time to expand its Indian operations and further solidify its brand presence in the market. Kim emphasized that Hyundai Motor India has performed well for over 26 years, and the IPO reflects the company’s dedication to success in India. While the decision to not issue fresh shares may be viewed as a strategic move to optimize valuation, Kim also highlighted that Hyundai is committed to meeting India’s public shareholding norms by eventually bringing down its stake to 75%. The IPO will strengthen Hyundai’s governance standards and further integrate it into the Indian market.