<p>Mumbai: South Korea's Hyundai Motor is exploring an initial public offering (IPO) for its Indian unit to raise at least $3 billion, two sources familiar with the matter said on Monday.</p>.<p>Hyundai Motor India is also in early stage talks for an IPO later this year that could value the company at $25 billion-$30 billion, the sources said.</p>.<p>While Hyundai's plan for an IPO later this year is not finalised, it could potentially be the country's biggest stock market offering, the sources said.</p>.Hyundai Motor's India arm to invest $722 million in Maharashtra.<p>The company is exploring "value unlocking for its India business" through the IPO, the two sources said.</p>.<p>A spokesperson at Hyundai's India unit declined to comment.</p>.<p>Hyundai, India's second-largest carmaker by sales, has said it plans to invest $2.45 billion in the country for its electrification push with plans to launch new EVs, charging stations and a battery pack assembly unit.</p>.<p>The carmaker, which entered India more than 20 years ago, has 15 per cent share of the Indian car market and competes with Maruti Suzuki and local rival Tata Motors.</p>
<p>Mumbai: South Korea's Hyundai Motor is exploring an initial public offering (IPO) for its Indian unit to raise at least $3 billion, two sources familiar with the matter said on Monday.</p>.<p>Hyundai Motor India is also in early stage talks for an IPO later this year that could value the company at $25 billion-$30 billion, the sources said.</p>.<p>While Hyundai's plan for an IPO later this year is not finalised, it could potentially be the country's biggest stock market offering, the sources said.</p>.Hyundai Motor's India arm to invest $722 million in Maharashtra.<p>The company is exploring "value unlocking for its India business" through the IPO, the two sources said.</p>.<p>A spokesperson at Hyundai's India unit declined to comment.</p>.<p>Hyundai, India's second-largest carmaker by sales, has said it plans to invest $2.45 billion in the country for its electrification push with plans to launch new EVs, charging stations and a battery pack assembly unit.</p>.<p>The carmaker, which entered India more than 20 years ago, has 15 per cent share of the Indian car market and competes with Maruti Suzuki and local rival Tata Motors.</p>