Hyundai Motor Company filed for an IPO in India to sell shares of its Hyundai Motor India Limited subsidiary, aiming to raise $3 billion and reach a $30 billion valuation.
The IPO will help Hyundai expand operations in India, the third-largest car market globally, where it aims to invest $4 billion over the next decade.
Hyundai is currently the second-best-selling automaker in India and plans to enhance its electric vehicle presence by launching new models and investing in charging stations and battery packs.
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