Hyundai IPO News: Hyundai Motor India Ltd plans to launch four electric vehicle models, including the Creta EV, by the last quarter of the current fiscal. This information comes from the company's preliminary papers filed with the markets regulator Securities & Exchange Board of India for initial public offering. HMIL aims to maximise the price competitiveness of its electric vehicles by securing local production capabilities for key parts such as cells, battery packs, power electronics, and drivetrains, and by building a localised EV supply chain. In its draft red herring prospectus, HMIL outlines its strategy to align EV model launches with market demands in India, covering different price segments.
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16 июн 2024