Hyundai Motor India Limited (HMIL), a subsidiary of the South Korean auto giant Hyundai Motor Company, has entered India’s top stock market indices—NIFTY Next 50, NIFTY 100, NIFTY 500 and S&P BSE 500—in less than six months of its listing. This is a testament to the company’s strong business fundamentals, growing investor confidence and its dominance in the Indian auto space.
A New Entrant’s Milestone
HMIL IPO was listed on the Indian stock exchanges on 22nd October 2024 and has been trading strongly since then. In a short span, the stock has met the eligibility criteria set by index providers NSE and BSE, thanks to its consistent trading activity, free float market capitalization and market liquidity.
As per NSE’s relaxed norms for newly listed IPOs, companies can become eligible for index inclusion based on three months of data instead of the usual six months. HMIL’s entry into multiple indices, especially the NIFTY Next 50, is a fast-track entry that has been achieved by only a few companies of similar size and investor traction.
Indices that Now Feature Hyundai Motor India
Here’s a breakdown of HMIL’s inclusion across indices:
National Stock Exchange (Effective March 28, 2025):
- Broad-Based Indices:
NIFTY Next 50, NIFTY 100, NIFTY 200, NIFTY 500, NIFTY LargeMidcap 250, NIFTY Total Market - Thematic Indices:
NIFTY EV & New Age Automotive, NIFTY India Manufacturing, NIFTY India New Age Consumption, NIFTY MNC, NIFTY Rural, NIFTY Transportation & Logistics
Bombay Stock Exchange (Effective March 24, 2025):
- Broad-Based Indices:
BSE 500, BSE All Cap, BSE Large Cap, BSE Large Midcap - Sectoral & Industry Index:
BSE Consumer Discretionary - Strategy Indices:
BSE Quality Index, BSE Select IPO
Additionally, in the most recent MSCI Global Standard Index reshuffle dated 28 February 2025, Hyundai Motor India emerged as the only Indian large-cap IPO to secure a spot, further strengthening its global investor profile.
A Sign of Bigger Things to Come
Market observers believe this index debut is a precursor to Hyundai’s eventual inclusion in the coveted Nifty 50 index. If the company continues its momentum in terms of trading frequency, float-adjusted market cap, and operational performance, analysts widely expect HMIL to be part of the next Nifty 50 review cycle, possibly within the coming quarters.
With a strong foreign promoter shareholding exceeding 50%, HMIL also meets the key threshold for indices like Nifty MNC, reinforcing its status as a true multinational with deep Indian roots.
A Performance-Backed Inclusion
The numbers back Hyundai’s ascent. In calendar year 2024, HMIL clocked its highest-ever annual domestic sales at 6,05,433 vehicles, marking the third consecutive year of record-breaking performance. This, coupled with the company’s proactive EV strategy and strong brand equity, has made it a preferred stock among institutional and retail investors alike.
Leadership Speaks
Speaking on the achievement, Mr. Unsoo Kim, Managing Director – HMIL, said:
“As a listed entity, we are elated to cross yet another important milestone. By becoming a part of prestigious Indian capital market indices such as the NIFTY Next 50 and S&P BSE 500, we have fortified HMIL’s standing in the Indian stock exchanges. As India grows, HMIL will continue to grow intrinsically with it.”
Final Thoughts
Hyundai Motor India’s quick and broad-based inclusion into multiple benchmark indices signals more than a statistical update—it reflects investor confidence, corporate strength, and market readiness. With a strong runway ahead and increasing chatter around a potential Nifty 50 inclusion, HMIL is now firmly on the radar of long-term institutional investors and index-linked funds.
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