Hyundai Motor India’s upcoming IPO is expected to command a premium over Maruti Suzuki due to several key factors. Hyundai has maintained a stable market share of 15-17% since 2008, while Maruti Suzuki’s market share has been gradually declining. In 2023, Hyundai achieved record domestic sales of 602,000 units, driven by its strong SUV lineup, including the Creta, Venue, and Exter models
Source:- -bbc news
Nomura India suggests Hyundai deserves a valuation premium, highlighting its consistent performance, future prospects in electric vehicles (EVs), and hybrid technology. Hyundai is also leveraging its acquisition of General Motors’ plant in Maharashtra to produce upcoming models, further boosting its growth potential
Source:- news 18
In contrast, while Maruti Suzuki remains the market leader, it has faced challenges with declining market share and slower adoption of EVs compared to Hyundai
These factors support Hyundai Motor India’s potential to attract a higher valuation in its IPO.
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