[Economy Pick] Hyundai Motor Debuts India Stock Market...Mumbai IPO 'biggest fish'

[Anchor]
This is the third keyword. Hyundai Motor Debuts Indian Stock Market, What Is This About?

[Reporter]
Yes. It's Hyundai Motor India Corporation.

Today, the Indian stock market was newly listed on the Indian stock market as the largest ever.

The public offering price was set at about 32,000 won in Korean money, which is the top of the band.

Based on the offering price, the total offering amount is estimated to be about 4.5 trillion won.

It is the second carmaker in the history of the stock market after Maruti Suzuki, a joint venture between India and Japan.

It also means that it is the first listing of Hyundai Motor's overseas subsidiary.

Hyundai Motor plans to capture the hearts of Indians through strengthening transparency and social contribution activities after the disclosure of Indian companies, but let's hear Chairman Chung Eui-sun briefly.

[Jeong Eui-sun / Hyundai Motor Group Chairman: Please join us on our next journey, which will be more interesting.]

[Anchor]
Then, why is Hyundai Motor paying so much attention to the Indian market?

[Reporter]
Yes. India is the world's largest population with 1.4 billion people.

In addition, the automobile market is about 5 million units, the third largest market in the world after China and the United States.

However, as the automobile penetration rate is less than 10% of all households, it is evaluated as an area with high growth potential.

It should also be noted that India's gross domestic product growth rate reached 8.2%, the highest in the world, last year.

Hyundai Motor Group has now established itself as the country's second-largest carmaker since entering the country in 1996.

Of course, compared to Maruti Suzuki, the No. 1 car manufacturer, which sold 1.7 million units and held a 41% share, Hyundai Motor is only 15%, and the market share gap between the first and second places is large.

Hyundai Motor plans to build an annual production system of 1.5 million units by adding up Kia's production capacity in India.

As the funds secured through the listing are expected to be invested in expanding production capacity, attention is being paid to what growth will look like in the Indian automobile market in the future.

[Anchor]
This has been reporter Choi Doo-hee. Thank you.