In May, automobile sales slowed down due to heatwaves, election uncertainties, and a high base effect. Maruti Suzuki s sales grew 4.4% year-on-year, but this was lower than the 13.8% growth seen in May 2023. Hyundai Motor India and Tata Motors also saw modest growth, while Mahindra and Mahindra and Toyota India experienced significant increases in sales. Industry leaders expect a sales rebound post-election and with a good monsoon forecast. The auto sector s growth aligns with India s 8.2% GDP rise in 2023-24.
Hyundai adds more banks for possible record India IPO moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Hyundai Motor Co. has brought in Kotak Mahindra Bank Ltd. and Morgan Stanley as advisers on a potential initial public offering of its India unit, according to people familiar with the matter, as the automaker considers what might be one of the biggest-ever listings in the South Asian country.Most Read from BloombergSevere Turbulence Leaves 12 Injured on Qatar Airways FlightMusk’s xAI Raises $6 Billion in Bid to Challenge OpenAIXi’s China EV Dream Came True. 10 Years On, Walls Are
India s biggest IPO? Hyundai also picks Kotak, MS to finalize syndicate; eyes $2 5 bn to $3 bn raise moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.