Hyundai Motor Co., the leading carmaker in South Korea, saw a significant increase in its stock value following the announcement that its India unit has filed for an initial public offering (IPO). The company's shares surged by 6.34 percent to 285,000 won ($206) shortly after the market opened, reaching a new 52-week peak, before settling at 279,000 won by 10:30 a.m. Hyundai Motor confirmed the IPO filing in a regulatory disclosure, stating that its India unit had submitted the necessary documents to the Indian regulator. The company also indicated that the timing of the India unit's listing will be determined following a review by the Indian regulatory body. The stock of Hyundai Motor Co., the leading carmaker in South Korea, experienced a notable increase after it was revealed that its India unit has initiated the process for an initial public offering (IPO). Following the disclosure of the IPO filing by its India unit to the Indian regulator, Hyundai Motor's shares surged by 6.34 percent to 285,000 won ($206), reaching a new 52-week peak, before settling at 279,000 won by 10:30 a.m. The company stated in a regulatory filing that the timing of the India unit's listing will be determined after a review by the Indian regulatory body, without providing further details.