Hyundai Motor India approved for IPO, aiming to raise $3 billion, expand SUV lineup, and launch electric vehicle.

Hyundai Motor India has obtained approval for its initial public offering from the Securities and Exchange Board of India, according to two sources familiar with the situation. The South Korean automaker plans to raise $3 billion at a roughly $20 billion valuation,

India's market regulator has approved an initial public offering of Hyundai Motor India , two sources with direct knowledge of the matter told Reuters.

Hyundai Motor India has received SEBI approval for its $3 billion IPO, targeting a $20 billion valuation. This marks the first auto IPO in India since 2003. The automaker plans to expand its SUV lineup,

The (SEBI) has given approval to Hyundai Motor India's initial public offering (IPO). This significant development marks a milestone for the South Korean automaker, as it aims to raise $3 billion at an approximate valuation of $20 billion.

The Securities and Exchange Board of India (SEBI) has reportedly approved the proposed IPO of Hyundai Motor India. What Happened: Hyundai Motor India, the Indian unit of South Korean automobile giant Hyundai Motor Co,

Hyundai Motor India Limited received Sebi's approval for a $3 billion IPO, set to be India's largest, surpassing LIC's $2.7 billion listing.

Hyundai Motor India is set to make a significant splash in the Indian IPO market. The South Korean automaker has secured SEBI approval for its $3 billion IPO, valuing the company at around $20 billion.