Hyundai Motor Secures 4.5 Trillion Won On 'Biggest' List On Indian Stock Exchange

[Anchor]
Hyundai Motor India Corporation has entered the Indian stock market.

With this listing, we raised 4.5 trillion won, the largest amount in the history of the Indian stock market.

The plan is to accelerate its efforts to target India, a 'population powerhouse' that has emerged as one of the world's top three automobile markets.

Reporter Choi Ah-young reports.

[Reporter]
The Indian Stock Exchange in Mumbai, India.

At 10 a.m., Hyundai Motor Chairman Chung Eui-sun rings the bell vigorously.

Hyundai Motor India has entered the Indian stock market with a bang.

It has been 28 years since we entered the Indian market.

Hyundai Motor India has raised 4.5 trillion won in its initial public offering, the largest in Indian stock market history.

India, a "population powerhouse" with a population of 1.4 billion, is one of the world's three largest automobile markets along with China and the United States, but its automobile penetration rate is still less than 10%, so its growth potential is high.

[Jeong Eui-sun / Chairman of Hyundai Motor Group: Hyundai knew from the beginning that India was the future, so it continued to increase investment, expand its R&D (R&D) capabilities, and create more than 250,000 jobs.]

Hyundai Motor, which has the second-largest Indian market share after Maruti Suzuki, will be able to secure large investment capacity with the listing.

The funds secured by the listing will be used to expand local factory production capacity and research and develop future high-tech technologies.

Furthermore, it plans to foster India as a strategic export hub for entry into emerging markets such as Southeast Asia and Latin America.

I'm YTN's Choi Ayoung.

Video editing: Jung Kook-yoon