Hyundai Motor India vs Maruti Suzuki: Which is the better auto stock?
Subscribe to enjoy similar stories. The Indian stock market recently witnessed a landmark event – the successful completion of Hyundai Motor India’s ₹27,870-crore initial public offering, the country’s biggest IPO to date. The last time a car maker went public was in June 2003, when Maruti Suzuki launched its ₹990-crore IPO.
With the automobile industry witnessing strong growth on account of increasing demand for four-wheelers, urbanisation, a shift towards electric vehicles (EVs), and strong government support, the Hyundai IPO couldn’t have come at a better time. Maruti Suzuki and Hyundai Motors are leading players in India’s automobile market, but which is the better investment? Let’s see how they compare on various parameters. Hyundai Motor India is part of the Hyundai Motor Group, the world’s third-largest automaker based on passenger vehicle sales, and has been the second-largest automaker in India’s passenger vehicle market for more than a decade.
It has also been India's largest exporter of passenger vehicles for almost two decades. Since 1998 it has sold and exported nearly 12 million vehicles in India. The company has a wide service network with more than 1,377 sales outlets and 1,561 service outlets covering 957 cities and towns across India.
It has a broad portfolio of vehicles including sedans, hatchbacks and SUVs. It is also expanding its presence in the EV segment. Maruti Suzuki, a subsidiary of Suzuki Motor Corporation, Japan, is India's largest passenger vehicle company in terms of production and sales.
Read more on livemint.com
