Hyundai Motor India CEO, chairman, board of directors and AGM
NSE: HYUNDAIBSE: 544274AutomobilesLarge Cap
Share price at the NSE close on 27 Oct 2026. Previous close ₹1,868.00.
27 Oct: open ₹1,863.10, high ₹1,929.00, low ₹1,861.30
- Next results date: the board meets on 28 Oct 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹1,51,238 Cr51st largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 30.55
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 7.56
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.13%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 27.3%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 27.1%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.05
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 8,75,87449.6% delivered
Hyundai Motor India's chairperson and managing director and CEO is Tarun Garg, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 26 Aug 2026.
Hyundai Motor India board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing director and CEOTarun Garg
- Company Secretary and Compliance OfficerPradeep Chugh
8 directors4 independent4 executive
- Tarun Garg · Chairperson and managing director and CEOExecutive · joined Aug 2020 · reappointed Aug 2023 · 1 listed board · 1 committee seat
- Wangdo HurExecutive · joined Sep 2024 · 1 listed board · 1 committee seat
- Mukundan Madapoosi SrinivasaraghavanExecutive · joined Sep 2026 · 1 listed board · 1 committee seat
- Dong Huwy ParkExecutive · joined Feb 2026 · 1 listed board
- Ajay TyagiIndependent · joined Jun 2024 · 27 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 2 as chair
- John Martin ThompsonIndependent · joined Sep 2024 · 24 months as independent · 1 listed board · 1 as independent
- Shalini PuchalapalliIndependent · joined Jun 2024 · 27 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 as chair
- Sree Kirat PatelIndependent · joined Jun 2024 · 27 months as independent · 1 listed board · 1 as independent · 1 committee seat
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
2 directors who left
- Gopalakrishnan Chathapuram Sivaramakrishnan, left 31 Aug 2026: Tenure Completion
- Unsoo Kim, left 31 Dec 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 30 Jul 20268 of 8 present4 independent · 82 days in between
- 8 May 20268 of 8 present4 independent · 21 days in between
- 16 Apr 20266 of 8 present2 independent
Audit Committee
Chair Shalini Puchalapalli
Sree Kirat Patel, Wangdo Hur
- 30 Jul 20263 of 3 present2 independent · 82 days in between
- 8 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Sree Kirat Patel
Shalini Puchalapalli, Ajay Tyagi
- 29 Jul 20263 of 3 present3 independent · 83 days in between
- 6 May 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair Ajay Tyagi
Tarun Garg, Mukundan Madapoosi Srinivasaraghavan
No meeting listed in the filing.
Risk Management Committee
Chair Tarun Garg
Dong Huwy Park, Sree Kirat Patel
- 29 Jul 20263 of 3 present1 independent · 83 days in between
- 6 May 20263 of 3 present1 independent
Corporate Social Responsibility Committee
Chair John Martin Thompson
Ajay Tyagi, Shalini Puchalapalli, Mukundan Madapoosi Srinivasaraghavan
- 24 Jul 20264 of 4 present3 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- B S R & Co LLPPeer-review certificate valid to Jul 2028
1 earlier auditor
- B S R and Co. LLPNamed in the filing for the quarter to Mar 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Hyundai Motor India AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Hyundai Motor India dividend history
Annual general meeting, 26 Aug 2026
7,46,503 shareholders on the register on 19 Aug 2026; present: 0 promoters and 116 others; votes counted by K J Chandra Mouli / BP & Associates.The company's voting result
To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Statutory Auditor thereonMoreLess
Ordinary99.73% for0.27% againstAgainst: promoters 0.00% · institutions 2.39% · other public 1.55%
Turnout: all 92.87% · promoters 100.00% · institutions 68.85% · other public 0.35%
- To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended March 31, 2026 and the reports of the Statutory Auditor thereonOrdinary99.73% for0.27% against
Against: promoters 0.00% · institutions 2.39% · other public 1.50%
Turnout: all 92.87% · promoters 100.00% · institutions 68.85% · other public 0.35%
- To declare dividend on Equity Shares of the Company for the financial year ended March 31, 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.58%
Turnout: all 92.87% · promoters 100.00% · institutions 68.85% · other public 0.35%
- To appoint Mr.Wangdo Hur as Director (DIN:10039866), liable to retire by rotation and being eligible, offers himself for re-appointmentOrdinary97.95% for2.05% against
Against: promoters 0.00% · institutions 18.34% · other public 3.45%
Turnout: all 92.88% · promoters 100.00% · institutions 68.91% · other public 0.35%
- To appoint Mr. Mukundan MS (DIN: 11814362) as a Whole Time Director (Non- Independent, Executive Director) of the CompanyOrdinary99.95% for0.05% against
Against: promoters 0.00% · institutions 0.44% · other public 2.74%
Turnout: all 92.87% · promoters 100.00% · institutions 68.85% · other public 0.35%
- To ratify the remuneration to be paid to M/s.Geeyes & Co.,Cost Auditors of the Company for the Financial Year 2026-2027Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 3.03%
Turnout: all 92.87% · promoters 100.00% · institutions 68.85% · other public 0.35%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 1 Apr 2026, 4 resolutions
7,78,673 shareholders on the register on 25 Feb 2026; votes counted by K J Chandra Mouli / BP & Associates.The company's voting result
- To appoint Mr. Dong Huwy Park (DIN: 09389394) as Whole-time Director (Non- Independent, Executive Director) of the CompanyOrdinary99.56% for0.44% against
Against: promoters 0.00% · institutions 3.72% · other public 5.13%
Turnout: all 93.66% · promoters 100.00% · institutions 73.69% · other public 0.47%
- To approve material related party transactions between Hyundai Motor India Limited (“Company”) and Mobis India Limited (“Mobis”)OrdinaryPromoters have an interest in it97.91% for2.09% against
Against: promoters 0.00% · institutions 2.09% · other public 5.26%
Turnout: all 11.16% · promoters 0.00% · institutions 73.69% · other public 0.47%
- To approve material related party transactions between Hyundai Motor India Limited (“Company”) and Kia India Private Limited (“Kia”)OrdinaryPromoters have an interest in it97.92% for2.08% against
Against: promoters 0.00% · institutions 2.08% · other public 5.84%
Turnout: all 11.16% · promoters 0.00% · institutions 73.69% · other public 0.47%
- To approve material related party transactions between Hyundai Motor India Limited (“Company”) and Hyundai Motor Company (“HMC”)OrdinaryPromoters have an interest in it97.92% for2.08% against
Against: promoters 0.00% · institutions 2.08% · other public 5.46%
Turnout: all 11.16% · promoters 0.00% · institutions 73.69% · other public 0.47%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 11 Dec 2025, 1 resolution
8,40,561 shareholders on the register on 7 Nov 2025; votes counted by K J Chandra Mouli / BP & Associates.The company's voting result
- Appointment of Mr. Tarun Garg (DIN: 00045669) as Managing Director and Chief Executive Officer (Non- Independent, Executive Director) of the Company w.e.f. January 01, 2026Ordinary99.75% for0.25% against
Against: promoters 0.00% · institutions 2.04% · other public 2.06%
Turnout: all 98.12% · promoters 100.00% · institutions 86.54% · other public 99.75%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 28 Aug 2025, 7 resolutions
8,21,692 shareholders on the register on 21 Aug 2025; present: 0 promoters and 188 others; votes counted by K J Chandra Mouli / BP & Associates.
- To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2025 and the reports of the Board of Directors and Auditor thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.02% · other public 1.28%
Turnout: all 94.73% · promoters 100.00% · institutions 80.69% · other public 0.42%
- To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended March 31, 2025 and the reports of the Board of Directors and Auditor thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.02% · other public 1.19%
Turnout: all 94.73% · promoters 100.00% · institutions 80.69% · other public 0.42%
- To declare dividend on Equity Shares of the Company for the financial year ended March 31, 2025Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.05%
Turnout: all 94.78% · promoters 100.00% · institutions 80.99% · other public 0.42%
- To re-appoint Mr. Tarun Garg as Director (DIN: 00045669),liable to retire by rotationOrdinary99.56% for0.44% against
Against: promoters 0.00% · institutions 3.42% · other public 3.25%
Turnout: all 94.78% · promoters 100.00% · institutions 80.96% · other public 0.42%
- To re-appoint Mr. Gopalakrishnan CS (DIN: 09679256) as a Whole Time Director (Non- Independent, Executive Director) of the CompanyOrdinary99.71% for0.29% against
Against: promoters 0.00% · institutions 2.20% · other public 3.29%
Turnout: all 94.78% · promoters 100.00% · institutions 80.96% · other public 0.42%
- To appoint Secretarial Auditors of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.74%
Turnout: all 94.78% · promoters 100.00% · institutions 80.96% · other public 0.42%
- To ratify the remuneration to be paid to Cost Auditors of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 3.06%
Turnout: all 94.78% · promoters 100.00% · institutions 80.96% · other public 0.42%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 13 Mar 2025, 7 resolutions
12,07,656 shareholders on the register on 7 Feb 2025; votes counted by K J Chandra Mouli / BP & Associates.The company's voting result
- Approval of Material Related Party transactions between Hyundai Motor India Limited ("Company") and Mobis India Limited ("Mobis")OrdinaryPromoters have an interest in it99.60% for0.40% against
Against: promoters 0.00% · institutions 0.38% · other public 11.90%
Turnout: all 10.48% · promoters 0.00% · institutions 74.73% · other public 0.54%
- Approval of Material Related Party Transactions between Hyundai Motor India Limited ("Company") and Hyundai Motor Company ("HMC")OrdinaryPromoters have an interest in it99.81% for0.19% against
Against: promoters 0.00% · institutions 0.17% · other public 11.31%
Turnout: all 10.48% · promoters 0.00% · institutions 74.77% · other public 0.54%
- Approval of Material Related Party transactions between Hyundai Motor India Limited ("Company") and Hyundai Transys Lear Automotive India Private Limited ("HTLAIPL")OrdinaryPromoters have an interest in it99.60% for0.40% against
Against: promoters 0.00% · institutions 0.38% · other public 11.45%
Turnout: all 10.48% · promoters 0.00% · institutions 74.73% · other public 0.54%
- Approval of Material Related Party Transactions between Hyundai Motor India Limited ("Company") and Kia India Private Limited ("Kia")OrdinaryPromoters have an interest in it99.60% for0.40% against
Against: promoters 0.00% · institutions 0.38% · other public 11.94%
Turnout: all 10.48% · promoters 0.00% · institutions 74.73% · other public 0.54%
- Approval of Material Party Transactions between Hyundai Motor India Limited ("Company") and HEC India LLP ("HEC")OrdinaryPromoters have an interest in it99.60% for0.40% against
Against: promoters 0.00% · institutions 0.38% · other public 11.94%
Turnout: all 10.48% · promoters 0.00% · institutions 74.73% · other public 0.54%
- Approval of Material Related Party Transactions between Hyundai Motor India Limited ("Company") and Hyundai Motor De Mexico S DE RL DE CVOrdinaryPromoters have an interest in it99.60% for0.40% against
Against: promoters 0.00% · institutions 0.38% · other public 11.77%
Turnout: all 10.48% · promoters 0.00% · institutions 74.73% · other public 0.54%
- Approval of Material Related Party transactions between Hyundai Motor India Limited ("Company") and PT Hyundai Motor Manufacturing IndonesiaOrdinaryPromoters have an interest in it99.60% for0.40% against
Against: promoters 0.00% · institutions 0.38% · other public 11.66%
Turnout: all 10.48% · promoters 0.00% · institutions 74.73% · other public 0.54%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 22 Jan 2025, 1 resolution
12,79,458 shareholders on the register on 20 Dec 2024; votes counted by K J Chandra Mouli / BP & Associates.The company's voting result
- Approval of the re-appointment of Mr. Unsoo Kim (DIN: 09470874) as Managing Director (Non- Independent, Executive Director) of the Company.Ordinary99.73% for0.27% against
Against: promoters 0.00% · institutions 2.37% · other public 12.66%
Turnout: all 93.06% · promoters 100.00% · institutions 76.32% · other public 0.49%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 27 Dec 2024, 7 resolutions
13,51,418 shareholders on the register on 22 Nov 2024; votes counted by K J Chandra Mouli / BP & Associates.
- Approval of the material related party transactions between Hyundai Motor India Limited (“Company”) and Mobis India Limited (“Mobis”)OrdinaryPromoters have an interest in it99.91% for0.09% against
Against: promoters 0.00% · institutions 0.08% · other public 8.76%
Turnout: all 10.24% · promoters 0.00% · institutions 74.76% · other public 0.47%
- Approval of the material related party transactions between Hyundai Motor India Limited (“Company”) and Hyundai Motor Company (“HMC”).OrdinaryPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 8.74%
Turnout: all 10.24% · promoters 0.00% · institutions 74.76% · other public 0.46%
- Approval of the material related party transactions between Hyundai Motor India Limited (“Company”) and Hyundai Transys Lear Automotive India Private Limited (“HTLAIPL”)OrdinaryPromoters have an interest in it99.99% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 8.66%
Turnout: all 10.24% · promoters 0.00% · institutions 74.76% · other public 0.46%
- Approval of the material related party transactions between Hyundai Motor India Limited (“Company”) and Kia India Private Limited (“Kia”)OrdinaryPromoters have an interest in it99.91% for0.09% against
Against: promoters 0.00% · institutions 0.08% · other public 9.17%
Turnout: all 10.24% · promoters 0.00% · institutions 74.76% · other public 0.46%
- Approval of the material related party transactions between Hyundai Motor India Limited (“Company”) and HEC India LLP (“HEC”)OrdinaryPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 9.09%
Turnout: all 10.24% · promoters 0.00% · institutions 74.76% · other public 0.46%
- Approval of the material related party transactions between Hyundai Motor India Limited (“Company”) and Hyundai Motor De Mexico S DE RL DE CVOrdinaryPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 9.09%
Turnout: all 10.24% · promoters 0.00% · institutions 74.76% · other public 0.46%
- Approval of the material related party transactions between Hyundai Motor India Limited (“Company”) and PT Hyundai Motor Manufacturing IndonesiaOrdinaryPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 8.90%
Turnout: all 10.24% · promoters 0.00% · institutions 74.76% · other public 0.46%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it
Mutual fund votes, meeting of 26 Aug 2026, 32 fund houses
To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Statutory Auditor thereonMoreLess
32 for0 against- To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended March 31, 2026 and the reports of the Statutory Auditor thereon32 for0 against
- To declare dividend on Equity Shares of the Company for the financial year ended March 31, 202632 for0 against
- To appoint Mr.Wangdo Hur as Director (DIN:10039866), liable to retire by rotation and being eligible, offers himself for re-appointment32 for0 against
- To appoint Mr. Mukundan MS (DIN: 11814362) as a Whole Time Director (Non- Independent, Executive Director) of the Company32 for0 against
- To ratify the remuneration to be paid to M/s.Geeyes & Co.,Cost Auditors of the Company for the Financial Year 2026-202732 for0 against
Mutual fund votes, meeting of 1 Apr 2026, 30 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- To appoint Mr. Dong Huwy Park (DIN: 09389394) as Whole-time Director (Non- Independent, Executive Director) of the Company30 for0 against
- To approve material related party transactions between Hyundai Motor India Limited (“Company”) and Mobis India Limited (“Mobis”)
Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PPFAS Mutual Fund, Quantum Mutual Fund, Zerodha Mutual Fund
- Angel One Mutual FundGovernance Concern: The proposed Related Party Transaction limits appear to be significant with regards to the financial standing of the related parties. Hence the Company should explain as to how the related party plans to sustain the proposed Related Party Transactions despite the identified gap between project value and financial strength. Governance and Transparency Concern: Inadequate disclosure on basis of arms’ length, hence fairness of the proposed transaction cannot be ascertained.
- Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. Governance Concern: The proposed RPT limits appear to be significant w.r.t. the financial standing of the related parties. Hence the Company should explain as to how the related party plans to sustain the proposed RPTs despite the identified gap between project value and financial strength. Governance and Transparency Concern: Inadequate disclosure on basis of arms’ length, hence fairness of the proposed transaction cannot be ascertained
- PPFAS Mutual FundInadequate Disclosures: Lack of clarity as to how the related party will sustain the proposed RPT.
- Quantum Mutual FundWe are of the view that after-sales accounts for a significant portion of company's business. This is being routed to Mobis India which is subsidiary of the ultimate parent Hyundai Motor Company. Hyundai Motor India does not hold any stake in Mobis India. We are of the view that this structure undermines shareholder rights. Therefore, we do not favour the resolution.
21 for8 against - To approve material related party transactions between Hyundai Motor India Limited (“Company”) and Kia India Private Limited (“Kia”)
Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund
- Angel One Mutual FundGovernance and Transparency Concern: Inadequate disclosure on basis of arms’ length, hence fairness of the proposed transaction cannot be ascertained.
- Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. Governance and Transparency Concern: Inadequate disclosure on basis of arms’ length, hence fairness of the proposed transaction cannot be ascertained
23 for6 against - To approve material related party transactions between Hyundai Motor India Limited (“Company”) and Hyundai Motor Company (“HMC”)
Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund
- Angel One Mutual FundGovernance and Transparency Concern: Inadequate disclosure on basis of arms’ length, hence fairness of the proposed transaction cannot be ascertained.
- Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. Governance and Transparency Concern: Inadequate disclosure on basis of arms’ length, hence fairness of the proposed transaction cannot be ascertained
24 for6 against
2 proposals not matched to one resolution
To continue with the existing contract(s)/arrangement(s)/transaction(s) and/or enter into and/or execute new contract(s)/ arrangement(s)/transaction(s), (whether by way of individual or multiple transaction(s) taken together), Kia India Private Limited (Kia), a related party, for availing/rendering of services, Purchase/sale of goods, Other Operating Revenue/Other Income/Recovery of Expenses/ Services received/other expenses (Related party Transactions), aggregating upto an amount not exceeding Rs. 44,532 million.MoreLess
1 for0 againstTo continue with the existing contract(s)/arrangement(s)/transaction(s) and/or enter into and/or execute new contract(s)/ arrangement(s)/transaction(s), (whether by way of individual or multiple transaction(s) taken together), with Mobis India Limited (Mobis), a related party for availing/rendering of services, Purchase/sale of goods, purchase of fixed asset, Other Operating Revenue/Other Income/Recovery of Expenses/ Services received/other expenses (Related party Transactions), aggregating upto an amount not exceeding Rs. 88,400 million.MoreLess
1 for0 against
Mutual fund votes, meeting of 11 Dec 2025, 30 fund houses
1 proposal
- Appointment of Mr. Tarun Garg (DIN: 00045669) as Managing Director and Chief Executive Officer (Non- Independent, Executive Director) of the Company w.e.f. January 01, 202630 for0 against
Mutual fund votes, meeting of 12 Nov 2025, 1 fund house
1 proposal
To appoint Mr. Tarun Garg (DIN: 00045669) as Managing Director and Chief Executive Officer of the Company for a period from January 1, 2026 up to August 31, 2028 liable to retire by rotation and including remuneration.MoreLess
1 for0 against
Mutual fund votes, meeting of 28 Aug 2025, 31 fund houses
7 proposals
- To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2025 and the reports of the Board of Directors and Auditor thereon31 for0 against
- To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended March 31, 2025 and the reports of the Board of Directors and Auditor thereon31 for0 against
- To declare dividend on Equity Shares of the Company for the financial year ended March 31, 202531 for0 against
- To re-appoint Mr. Tarun Garg as Director (DIN: 00045669),liable to retire by rotation31 for0 against
- To re-appoint Mr. Gopalakrishnan CS (DIN: 09679256) as a Whole Time Director (Non- Independent, Executive Director) of the Company31 for0 against
- To appoint Secretarial Auditors of the Company31 for0 against
- To ratify the remuneration to be paid to Cost Auditors of the Company31 for0 against
Mutual fund votes, meeting of 13 Mar 2025, 19 fund houses
7 proposals
- Approval of Material Related Party transactions between Hyundai Motor India Limited ("Company") and Mobis India Limited ("Mobis")
Against Edelweiss Mutual Fund
- Edelweiss Mutual FundCompliant with Law. Governance & Transparency Concern: The scale of the RPTs significantly exceeds the size of the related party involved. Given the criticality of the RPTs for the operations of the Company, the Company should explain as to how the related party plans to sustain the proposed RPTs despite the identified gap between project value and financial strength. Furthermore, greater transparency is required regarding the methodology used to establish arm’s length pricing. Also, more clarity required on the bidding process adopted to identify potential vendors for supply of tools and components; for what portion of the total RPT and why only for select RPTs.
18 for1 against - Approval of Material Related Party Transactions between Hyundai Motor India Limited ("Company") and Hyundai Motor Company ("HMC")19 for0 against
- Approval of Material Related Party transactions between Hyundai Motor India Limited ("Company") and Hyundai Transys Lear Automotive India Private Limited ("HTLAIPL")
Against Edelweiss Mutual Fund
- Edelweiss Mutual FundCompliant with Law. Governance & Transparency Concern: The scale of the RPTs significantly exceeds the size of the related party involved. Given the criticality of the RPTs for the operations of the Company, the Company should explain as to how the related party plans to sustain the proposed RPTs despite the identified gap between project value and financial strength. Furthermore, greater transparency is required regarding the methodology used to establish arm’s length pricing. Also, more clarity required on the bidding process adopted to identify potential vendors for supply of tools and components; for what portion of the total RPT and why only for select RPTs.
18 for1 against - Approval of Material Related Party Transactions between Hyundai Motor India Limited ("Company") and Kia India Private Limited ("Kia")
Against Edelweiss Mutual Fund
- Edelweiss Mutual FundCompliant with Law. Governance & Transparency Concern: The concerns identified in resolution nos. 1, 3 & 5 raises questions over RPTs proposed under resolution nos. 4, 6 & 7 as well, which are again promoter related entities. Details regarding their recent financials and operations will be needed to ascertain whether the said concerns exists in this RPT or not. In absence of data, a conclusion on fairness cannot be drawn. Also, more clarity required on the basis adopted behind arriving at the arm’s length pricing
18 for1 against - Approval of Material Party Transactions between Hyundai Motor India Limited ("Company") and HEC India LLP ("HEC")
Against Edelweiss Mutual Fund
- Edelweiss Mutual FundCompliant with Law. Governance & Transparency Concern: What is the backing behind the specialisation and global expertise of the related party? What is the reasoning behind involvement of multiple entities in the process of contract execution and what value they add to the transaction? The scale of the RPTs significantly exceeds the size of the related party involved. Given the criticality of the RPTs for the operations of the Company, the Company should explain as to how the related party plans to sustain the proposed RPTs despite the identified gap between project value and financial strength. Furthermore, greater transparency is required regarding the methodology used to establish arm’s length pricing. Construction related contracts stated to be entered in ordinary course of business
18 for1 against - Approval of Material Related Party Transactions between Hyundai Motor India Limited ("Company") and Hyundai Motor De Mexico S DE RL DE CV
Against Edelweiss Mutual Fund
- Edelweiss Mutual FundCompliant with Law. Governance & Transparency Concern: The concerns identified in resolution nos. 1, 3 & 5 raises questions over RPTs proposed under resolution nos. 4, 6 & 7 as well, which are again promoter related entities. Details regarding their recent financials and operations will be needed to ascertain whether the said concerns exists in this RPT or not. In absence of data, a conclusion on fairness cannot be drawn. Also, more clarity required on the basis adopted behind arriving at the arm’s length pricing
18 for1 against - Approval of Material Related Party transactions between Hyundai Motor India Limited ("Company") and PT Hyundai Motor Manufacturing Indonesia
Against Edelweiss Mutual Fund
- Edelweiss Mutual FundCompliant with Law. Governance & Transparency Concern: The concerns identified in resolution nos. 1, 3 & 5 raises questions over RPTs proposed under resolution nos. 4, 6 & 7 as well, which are again promoter related entities. Details regarding their recent financials and operations will be needed to ascertain whether the said concerns exists in this RPT or not. In absence of data, a conclusion on fairness cannot be drawn. Also, more clarity required on the basis adopted behind arriving at the arm’s length pricing
18 for1 against
Mutual fund votes, meeting of 22 Jan 2025, 22 fund houses
1 proposal
- Approval of the re-appointment of Mr. Unsoo Kim (DIN: 09470874) as Managing Director (Non- Independent, Executive Director) of the Company.
Against Bank of India Mutual Fund, Invesco Mutual Fund, Sundaram Mutual Fund
- Bank of India Mutual FundUnsoo Kim, 58, is the Managing Director of Hyundai Motor India Limited (HMIL) since 25 January 2022. He joined Hyundai Motor Company, South Korea (parent company) in 1991 and has worked with Hyundai across global assignments for the last 30 years.He was paid Rs. 74.9 mn as remuneration in FY24. The company has not disclosed components of his past pay and hence we are unable to determine the quantum of variable pay in his past remuneration. As per the Red Herring Prospectus, Unsoo Kim’s remuneration terms were revised from 1 January 2024. Since his remuneration terms were changed mid-way during his tenure as MD, we are unable to estimate his FY25 remuneration. However, we note that the overall remuneration is capped.The company proposes to reappoint Unsoo Kim as Managing Director from 25 January 2025. The company’s website states that on account of the position held by him in HMIL, he also serves as the Head of the India, Middle-East and Africa Strategic Region of Hyundai Motor Company, the promoter, and to the extent of this role, reports directly to the promoter. HMIL must disclose if he is paid any additional remuneration from the group. Based on his proposed remuneration terms, we have estimated his maximum remuneration for FY26 at Rs. 195.0 mn from HMIL, which is reasonable for the size of business. However, we raise concern over the remuneration structure in that variable or performance pay accounts for less than 10% of total pay. Thus, we do not support the resolution. The company must increase the variable pay component in his overall remuneration, link the variable pay to company performance and disclosed performance metrics which determines his variable pay. We are unable to support the resolution.
- Invesco Mutual FundUnsoo Kim, 58, is the Managing Director of Hyundai Motor India Limited (HMIL) since 25 January 2022. He joined Hyundai Motor Company, South Korea (parent company) in 1991 and has worked with Hyundai across global assignments for the last 30 years. He was paid Rs. 74.9 mn as remuneration in FY24. The company has not disclosed components of his past pay and hence we are unable to determine the quantum of variable pay in his past remuneration. As per the Red Herring Prospectus, Unsoo Kim’s remuneration terms were revised from 1 January 2024. Since his remuneration terms were changed mid-way during his tenure as MD, we are unable to estimate his FY25 remuneration. However, we note that the overall remuneration is capped. The company proposes to reappoint Unsoo Kim as Managing Director from 25 January 2025. The company’s website states that on account of the position held by him in HMIL, he also serves as the Head of the India, Middle-East and Africa Strategic Region of Hyundai Motor Company, the promoter, and to the extent of this role, reports directly to the promoter. HMIL must disclose if he is paid any additional remuneration from the group. Based on his proposed remuneration terms, we have estimated his maximum remuneration for FY26 at Rs. 195.0 mn from HMIL, which is reasonable for the size of business. However, we raise concern over the remuneration structure in that variable or performance pay accounts for less than 10% of total pay. Thus, we do not support the resolution. The company must increase the variable pay component in his overall remuneration, link the variable pay to company performance and disclosed performance metrics which determines his variable pay. We are unable to support the resolution.
- Sundaram Mutual Fund"Unsoo Kim, 58, is the Managing Director of Hyundai Motor India Limited (HMIL) since 25 January 2022. He joined Hyundai Motor Company, South Korea (parent company) in 1991 and has worked with Hyundai across global assignments for the last 30 years.He was paid Rs. 74.9 mn as remuneration in FY24. The company has not disclosed components of his past pay and hence we are unable to determine the quantum of variable pay in his past remuneration. As per the Red Herring Prospectus, Unsoo Kim’s remuneration terms were revised from 1 January 2024. Since his remuneration terms were changed mid-way during his tenure as MD, we are unable to estimate his FY25 remuneration. However, we note that the overall remuneration is capped. The company proposes to reappoint Unsoo Kim as Managing Director from 25 January 2025. The company’s website states that on account of the position held by him in HMIL, he also serves as the Head of the India, Middle-East and Africa Strategic Region of Hyundai Motor Company, the promoter, and to the extent of this role, reports directly to the promoter. HMIL must disclose if he is paid any additional remuneration from the group. Based on his proposed remuneration terms, we have estimated his maximum remuneration for FY26 at Rs. 195.0 mn from HMIL, which is reasonable for the size of business. However, we raise concern over the remuneration structure in that variable or performance pay accounts for less than 10% of total pay. Thus, we do not support the resolution. The company must increase the variable pay component in his overall remuneration, link the variable pay to company performance and disclosed performance metrics which determines his variable pay. We are unable to support the resolution."
19 for3 against
Mutual fund votes, meeting of 27 Dec 2024, 21 fund houses
7 proposals
- Approval of the material related party transactions between Hyundai Motor India Limited (“Company”) and Mobis India Limited (“Mobis”)
Against Edelweiss Mutual Fund, LIC Mutual Fund
- Edelweiss Mutual FundNature of transaction does not appear to be in Ordinary course.
- LIC Mutual FundResolution number 1 pertains with related party with Mobius which is a parent entity.
19 for2 against - Approval of the material related party transactions between Hyundai Motor India Limited (“Company”) and Hyundai Motor Company (“HMC”).
Against Edelweiss Mutual Fund
- Edelweiss Mutual FundNature of transaction does not appear to be in Ordinary course.
20 for1 against - Approval of the material related party transactions between Hyundai Motor India Limited (“Company”) and Hyundai Transys Lear Automotive India Private Limited (“HTLAIPL”)
Against Edelweiss Mutual Fund
- Edelweiss Mutual FundNature of transaction does not appear to be in Ordinary course.
20 for1 against - Approval of the material related party transactions between Hyundai Motor India Limited (“Company”) and Kia India Private Limited (“Kia”)
Against Edelweiss Mutual Fund, LIC Mutual Fund
- Edelweiss Mutual FundNature of transaction does not appear to be in Ordinary course.
- LIC Mutual FundIt involves related party transaction with KIA.
19 for2 against - Approval of the material related party transactions between Hyundai Motor India Limited (“Company”) and HEC India LLP (“HEC”)
Against Edelweiss Mutual Fund
- Edelweiss Mutual FundNature of transaction does not appear to be in Ordinary course.
20 for1 against - Approval of the material related party transactions between Hyundai Motor India Limited (“Company”) and Hyundai Motor De Mexico S DE RL DE CV
Against Edelweiss Mutual Fund
- Edelweiss Mutual FundNature of transaction does not appear to be in Ordinary course.
20 for1 against - Approval of the material related party transactions between Hyundai Motor India Limited (“Company”) and PT Hyundai Motor Manufacturing Indonesia
Against Edelweiss Mutual Fund
- Edelweiss Mutual FundNature of transaction does not appear to be in Ordinary course.
20 for1 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Fines and tax disputes
Reported in the filing for the quarter to Sep 2026.
- Fine or penaltyJoint Commissioner, Customs, ChennaiSince 31 Jul 2026
Customs Department has ordered that demand is payable. The Company has filed an appeal before the Commissioner
Incorrect availment of notification benefit for Controller - YETC-230ER-HL (Parts of Yokota tools) resulting in short levy of duty. - Tax disputeIncome Tax ActSince 10 Sep 2015Issues appealed before High Court - Tax involved: Rs. 228.31 Crores - No change in Status Issue pending before the CIT(A) - Tax involved: Rs. 1.56 Crores - No change in Status
At the filing before: Background: The Company had filed an appeal before the Income Tax Appellate Tribunal (“ITAT”) challenging the final assessment order dated September 26, 2018 passed by the Assistant Commissioner of Income Tax (“IT Department”) for the assessment year 2014-2015 for alleged variation of income due transfer pricing adjustment and tax treatment of certain transaction. Pursuant to the order passed by the ITAT dated March 16, 2022, both the Company and the Income Tax Department have challenged before the Hon'ble High Court of Madras on issues that were adjudged against them. Tax involved: Rs. 228.31 Crores With respect to matters which were remitted to Assessing Officer (A.O) by ITAT for verification, the A.O passed unfavourable order. On further appeal, the Company received favourable order from the ITAT. Tax involved: Rs 10.97 Crores The A.O while giving effect to the directions of the ITAT, provided only partial relief (Rs. 9.41 Crores) as against the complete relief granted by ITAT (Rs. 10.97 Crores). The Company has challenged the order of the A.O before the Commissioner of Income (Tax) Appeals (CIT(A)) on March 12, 2025 in respect of the relief not granted by the A.O. Tax Involved: Rs. 1.56 CroresMoreLess
- Tax disputeAdditional Director General (Adjudication) DGGI: MumbaiSince 29 Oct 2021Pending before Mumbai CESTAT
At the filing before: SUV Cars (Pre GST) : The Central Excise Intelligence department (DGGI) demanded differential Excise duty (3%) on certain SUV models (CRETA & Tucson) amounting to Rs.3574 Million along with equal penalty and Interest for the period Apr 2015 to Jun 2017. The Hon’ble Madras High Court informed the company to file appeal before Tribunal (CESTAT) and accordingly the company had filed appeal before Mumbai CESTAT in Oct 2024.MoreLess
- Tax disputeAdditional Commissioner of Central GST Tax, ChennaiSince 19 May 2023Pending before Madras High Court
At the filing before: GST Department demanded differential Compensation Cess (2%) on certain SUV models (CRETA & Tucson) amounting to Rs.2586 Million along with equal penalty and Interest for the period Sep 2017 to March 2020. The Commissioner (Appeals) upheld the order of adjudicating authority in July 2025. The Company had filed Writ Petition before Hon’ble Madras High Court in Aug 2025. Writ Petition admitted & Interim Stay granted in Dec 2025MoreLess
- Tax disputeCommissioner of Customs, ChennaiSince 6 Jul 2016Awaiting the order for dual price case hearing which was held in CESTAT from June 29, 2026 to July 02, 2026 and Order is reserved as of now .
At the filing before: A show cause notice dated October 14, 2013 (“SCN”) had been issued by the Directorate of Revenue Intelligence (Department of Revenue) (“DRI”) under the Customs Act, 1962 alleging that the Company has evaded payment of applicable customs duty by declaring different prices on the same components/ goods in the bill of entries declared by the Company for the period from Fiscal 2006 to 2010 in connection with the goods imported from Hyundai Motor Company, the Promoter, in violation of the Customs Act, 1962. The Company has filed three appeals against the order dated June 15, 2015 passed by the DRI pursuant to the SCN imposing a differential duty of Rs.5,831.80 million against the Company and certain of its employees. The matters are currently pending.MoreLess
- Tax disputeCommissioner of Customs ,ChennaiSince 29 Sep 2023Awaiting the order for dual price case hearing which was held in CESTAT from June 29, 2026 to July 02, 2026 and Order is reserved as of now .
At the filing before: Classification of various Auto parts - 8708. The Company has been importing Auto parts under the respective Customs Tariff Heading . Customs audited and found 35 parts are wrongly classified and SCN was issued demanding duty of Rs 287 Crores approx . The Company filed a suitable reply justifying the classification is correct . Customs accepted the reply for 22 parts and the Order for balance 12 parts are awaited.MoreLess
- Tax disputeUnion of India (Directorate of Anti Dumping and allied Duties)Since 23 Apr 2014Status Quo Pending before the relevant Court.
At the filing before: Alloy Wheels - The Company imports about 6635 TPA of alloy wheels from china/korea. By end of 2012 Aluminium association of India filed application with Ministry of commerce and Industry, GoI, requesting for levy of anti- dumping duty on cast aluminium alloy wheels. Investigation was initiated on alloy wheels import & domestic company impact, and on 11-4-2014 , GoI, levied anti -dumping duty of US $ 1.37/kg on import of alloy wheels. 4 Writ Petitions were filed by the Company challenging the provisional order passed by the Department and was dismissed by Single judge of Hon'ble Madras High Court. The Company further filed 4 appeals before Division bench against the single judge order & 1 Writ Petition challenging Final Notification and is pending before the Hon'ble Madras High Court. Further, Govt. of India, filed transfer petition to Madras High Court for transfer of the case from Madras High Court to Supreme Court to hear along with batch matter. [Anti Dumping duty for the period from May 22, 2015 to March 31, 2024 was paid by the Company under protest was about INR 6,978 Million (approx.).MoreLess
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- Yes
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.