South Korean automaker's Indian subsidiary joins NIFTY Next 50 and other major indices, reflecting strong performance after its October 2024 stock market debut.
28 Mar 2025 | 2195 Views | By Angitha Suresh
Hyundai Motor India Limited (HMIL) has been included in several major capital market indices, including the NIFTY Next 50, NIFTY 100, NIFTY 500, and S&P BSE 500, the company announced on Friday. The automaker's shares have been trading on Indian stock markets since its listing on October 22, 2024.
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Hyundai Motor India Limited (HMIL) has been included in several major capital market indices, including the NIFTY Next 50, NIFTY 100, NIFTY 500, and S&P BSE 500, the company announced on Friday. The automaker's shares have been trading on Indian stock markets since its listing on October 22, 2024.
The National Stock Exchange of India (NSE) has added HMIL to its prestigious NIFTY Next 50 index, as well as various broad market and thematic indices effective March 28, 2025. Similarly, the Bombay Stock Exchange (BSE) has included the company in indices such as BSE 500, BSE All Cap, BSE Large Cap, and BSE Large Midcap from March 24, 2025.
HMIL was also the only large-cap company from India to be included in the Morgan Stanley Capital International (MSCI) Global Standard Index during its recent adjustment on February 28, 2025.
"As a listed entity, we are elated to cross yet another important milestone," said Unsoo Kim, Managing Director of HMIL. "By becoming a part of prestigious Indian capital market indices, we have fortified HMIL's standing in the Indian stock exchanges, reinforcing its market presence and credibility."
The inclusion in these indices follows HMIL's strong performance in the domestic market. The company reported its highest-ever yearly domestic sales of 605,433 vehicles during the 2024 calendar year, marking the third consecutive year of record-breaking sales.
Hyundai Motor India is the wholly-owned subsidiary of South Korea's Hyundai Motor Company and has been operating in India since 1996. The company has established itself as the second-largest car manufacturer in the country with manufacturing facilities in Chennai. HMIL's IPO last year was one of the significant listings in India's automotive sector, generating substantial interest from institutional and retail investors alike.
Market analysts suggest that the inclusion in these indices will likely increase the stock's visibility among institutional investors and could potentially lead to increased foreign investment in the company's shares.