Shares of Hyundai Motor India dropped as much as 6% in their market debut on Tuesday, after a tepid response from retail investors to the pricing of the country’s largest ever initial public offering.

Hyundai Motor India's shares fell 2% in their market debut on Tuesday, after a tepid response from retail investors to the country's largest ever initial public offering.

Hyundai Motor India is now listed on the Indian stock exchange. It is the largest IPO in India's history. Following the listing, Hyundai Motor India plans to invest in new products, technologies, and R&D capacities.