Hyundai made its debut on the Indian stock exchange with its shares initially seeing a dip. However, the long-term value of the Hyundai IPO is being highlighted, with the company’s ambitious plans for the Indian car market. Hyundai is looking to increase its production capacity by 30% by 2028 and is focusing on electric vehicles with the launch of the Creta EV in 2025 and four more EV models by 2030. The company is also planning to establish a battery plant in Chennai to localize battery packs. Overall, Hyundai is positioning itself for a strong presence in the Indian automotive market.
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