Maruti Suzuki shares: Emkay Global said Maruti Suzuki could trade at similar valuations as Hyundai amid Suzuki’s large India dependence and Toyota’s support/alliance, offset by Hyundai’s strong global standing and premium positioning.
Hyundai Motor India is in early talks for an initial public offering (IPO) and has held discussions with several banks, including JP Morgan, Morgan Stanley, Citi and Bank of America, according to two people, who have been briefed on the matter.