Hyundai Gets SEBI Nod For $3 Billion IPO, Eyes $20 Billion Valuation: Report

Hyundai Motor India has received SEBI approval for its $3 billion IPO, targeting a $20 billion valuation. This marks the first auto IPO in India since 2003. The automaker plans to expand its SUV lineup, launch electric vehicles, and invest $4 billion. SEBI also approved Swiggy’s IPO, aiming for $15 billion. In the twenty years since Maruti Suzuki made its market debut in 2003, this IPO would be the first public listing of an automobile manufacturer in India.