By Dhwani Pandya MUMBAI (Reuters) -Hyundai Motor plans to use proceeds from a record $3.3 billion IPO of its Indian unit to enhance its research efforts and develop new cars, aspiring to transform the South Asian country into a manufacturing hub for emerging markets.

Price band for Rs 27,870 crore IPO fixed at Rs 1,865 to Rs 1,960 per share; Korean parent to get entire proceeds

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Hyundai Motor India will launch its IPO next week, marking parent Hyundai's first listing outside South Korea and India's first carmaker IPO since 2003.

Hyundai Motor India’s IPO will be open from October 15-17, marking the largest public issue in India's history. Set at Rs 1,865-1,960 per share, the I

As Hyundai Motor India gears up for its IPO, it emphasizes its continuing focus on premium vehicles and electric models citing evolving consumer demands. Recent trends, however, signal that customer exuberance in India may be coming to an end.

Hyundai Motor India will launch its initial public offering (IPO) on October 15, marking a historic moment for the Indian capital market. This IPO is set to be the biggest in India this year, aiming to raise between ₹26,

Hyundai Motor India has set its IPO price band between Rs 1,865 and Rs 1,960 per share, aiming to raise Rs 27,870 crore. The offering, one of the largest in recent times, is generating strong demand with a grey market premium of Rs 147 per share,

Hyundai Motor Co expects India to be a fast-growing market and plans to make it a global manufacturing hub, a top company executive said on Wednesday, as the South Korean carmaker gears up to launch its Indian IPO next week.