.Hyundai (Image: Shutterstock) 2 min read through Last Upgraded: Sep 25 2024|12:45 AM IST.Hyundai Motor India has actually secured confirmation for its initial public offering coming from the Securities as well as Swap Board of India, depending on to pair of resources aware of the scenario.The South Korean car manufacturer strategies to raise $3 billion at a roughly $twenty billion assessment, resources earlier said to Wire service.This will make it the very first carmaker to go social in India in two decades, following market forerunner Maruti Suzuki's IPO in 2003.Hyundai India performed not react to an ask for comment outside service hours.The car manufacturer is aiming to reclaim market reveal coming from more and more tough residential rivals, such as Tata Motors, by extending its own SUV lineup.It considers to introduce its first India-made power motor vehicle very early upcoming year and introduce at the very least pair of gasoline-powered models adapted for the marketplace starting in 2026, 3 resources along with knowledge of the firm's strategies previously said to News agency.India is actually the third-biggest revenue generator globally for Hyundai after the United State and also South Korea, as well as it has actually presently invested $5 billion in the nation along with commitments to pump in yet another $4 billion over the next years.Independently, SEBI also accepted the IPO of SoftBank-backed food items shipment large Swiggy, which is targeting an assessment of around $15 billion and targets to rear $1-1.2 billion, depending on to several sources accustomed to the concern.( Just the title as well as photo of this record may have been actually revamped due to the Service Requirement staff the rest of the material is actually auto-generated coming from a syndicated feed.).1st Published: Sep 25 2024|12:39 AM IST.