💨 Abstract

Hyundai Motor plans to raise $3.3 billion through an IPO of its Indian unit to fund research, new car development, and transform India into a manufacturing hub for emerging markets. The IPO, India's biggest ever, values Hyundai's business in India at up to $19 billion. Hyundai aims to become a global manufacturing hub for emerging markets, with plans to increase production by 30% in the next 3-4 years.

Courtesy: theprint.in