@Jay here @Bullrunner and other members in this chain.
We can't compare 2003 with 2024. In 2003 sensex was at about 3,000 pts where in 2024
sensex was at 85,978, if not wrong.
As far as four wheeler is concerned it is status symbol. For upper middle class, small cars and for rich people no limit. In 2003 car loan was not easily available. In 2024 loan no problem. Use the car, pay the installment and enjoy. If one can't pay company will take away your car. No problem. For financialy strong, after every 2/3 years, bring new bigger car. So four wheeler market is a good sector. Keep more number of cars. Competition will always be there in all sectors. Infrastructure also no problem.
Maruti 800, beginning of foreign cars made in India. Before that Ambassador cars. Even used by the Ministers. Even I have seen late Smt. Indira Gandhi, former Prime Minister going to office in white Ambassador Car. All credit goes to Maruti 800. The man behind this project was late Mr. Sanjay Gandhi.
The question of Hyundai IPO is totally different. All time big IPO. Total OFS. Pricing is more important. Bad market conditions. Members expecting price between 1700 to 1800. GMP is about 20%. Looks good. But time will tell the truth.
So, wait for all announcements. Till than wait for the market conditions to improve. If international conditions improve, this IPO may give good return.
Good night.