Hyundai Motor India Limited (HMIL), a subsidiary of the South Korean automotive giant Hyundai Motor Company, has recently achieved significant milestones in the Indian stock market. Following its initial public offering (IPO) on October 22, 2024, HMIL’s stock has been included in several prominent indices of the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), reflecting its robust market presence and performance.
Inclusion in NSE Indices:
The NSE has incorporated HMIL into the following indices, effective from March 28, 2025:
- NIFTY Next 50: This index comprises 50 companies that are next in line after the NIFTY 50 in terms of free float market capitalization. HMIL’s inclusion signifies its substantial growth and investor interest since its market debut.
- NIFTY 100, NIFTY 200, and NIFTY 500: These broad-based indices represent the top 100, 200, and 500 companies, respectively, listed on the NSE. HMIL’s presence in these indices underscores its expanding footprint in the Indian automotive sector.
- NIFTY Large Midcap 250: This index includes 250 companies that are a mix of large-cap and mid-cap stocks, highlighting HMIL’s balanced market position.
- NIFTY Total Market: Encompassing all listed stocks on the NSE, this index reflects HMIL’s comprehensive market engagement.
Additionally, HMIL has been added to several thematic indices, such as:
- NIFTY EV & New Age Automotive: Reflecting the industry’s shift towards electric vehicles and modern automotive technologies.
- NIFTY India Manufacturing: Highlighting companies contributing significantly to India’s manufacturing sector.
- NIFTY MNC: Showcasing multinational corporations operating in India.
- NIFTY Rural: Focusing on companies catering to rural markets.
- NIFTY Transportation & Logistics: Pertaining to firms involved in transportation and logistics services.
Inclusion in BSE Indices:
On the BSE, HMIL’s stock has been included in the following indices, effective from March 24, 2025:
- BSE 500: A broad-based index representing the top 500 companies listed on the BSE, indicating HMIL’s significant market capitalization.
- BSE All Cap: This index includes companies of all market capitalizations, reflecting HMIL’s extensive market reach.
- BSE Large Cap: Comprising large-cap companies, HMIL’s inclusion highlights its substantial market presence.
- BSE Large Midcap: Featuring companies that are a blend of large-cap and mid-cap, showcasing HMIL’s balanced market position.
- BSE Consumer Discretionary: As a major player in the automotive sector, HMIL’s inclusion in this sector-specific index aligns with its industry classification.
- BSE Quality Index and BSE Select IPO: These strategy indices focus on companies with high-quality earnings and performance, reflecting HMIL’s operational excellence.
Global Recognition:
Beyond the Indian stock exchanges, HMIL has garnered international recognition. In the Morgan Stanley Capital International (MSCI) Global Standard Index rejig on February 28, 2025, HMIL was the sole Indian large-cap stock included. This inclusion highlights the company’s growing appeal among global investors and its strengthening position in the international automotive market.
Operational Performance:
HMIL’s impressive stock market performance is paralleled by its operational achievements. In the calendar year 2024, the company recorded its highest-ever annual domestic sales, delivering 605,433 vehicles. This accomplishment marked the third consecutive year of record-breaking sales, underscoring HMIL’s strong brand equity, diverse product portfolio, and customer-centric approach in the Indian market.
Management’s Perspective:
Unsoo Kim, the Managing Director of HMIL, expressed enthusiasm about the company’s inclusion in these prestigious indices. He stated that becoming part of indices like the NIFTY Next 50 and S&P BSE 500 reinforces HMIL’s standing in the Indian stock exchanges, enhancing its market presence and credibility. Kim emphasized HMIL’s commitment to innovation, operational efficiency, and strategic investments aimed at contributing to the growth of the Indian economy.
Conclusion:
Hyundai Motor India’s inclusion in key stock market indices reflects its robust growth trajectory, operational excellence, and significant market presence. These developments not only enhance the company’s visibility among investors but also reinforce its commitment to contributing positively to India’s automotive industry and economic landscape.
