India to be global manufacturing hub for IPO-bound Hyundai, says executive

MUMBAI, Oct 9 - 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

Mumbai: 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.

South Korean automaker Hyundai, on Wednesday said it has fixed a price band of Rs 1,865-1,960 per share for its Rs 27,870 crore initial public offering (IPO) that opens for subscription on October 15.

This would be the largest IPO in India, surpassing LIC's initial share sale of Rs 21,000 crore.

"India is the most exciting market in the world," Unsoo Kim, managing director of Hyundai Motor India, said during a press event.