Hyundai Motor India has officially disclosed to stock exchanges its plans to implement a car price increase of up to 1% starting from May 2026, citing escalating input costs as the primary driver behind this pricing adjustment.

Official Regulatory Filing

The company submitted its formal disclosure to the National Stock Exchange of India Limited and BSE Limited on April 08, 2026, under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Pradeep Chugh, Company Secretary & Compliance Officer.

Pricing Strategy and Cost Management

According to the official disclosure, the price revision is attributed to a combination of various cost escalations affecting the automotive manufacturing sector. The quantum of increase will vary based on the variants and models across Hyundai's portfolio.

The company emphasized its commitment to absorbing rising costs to protect customers from price fluctuations. However, the escalating input costs have necessitated passing on a part of this impact through a marginal price revision.

Market Impact and Timeline

The advance intimation provides customers and dealers with sufficient notice of the upcoming pricing changes. This measured approach demonstrates Hyundai Motor India's strategy to balance cost management pressures with market competitiveness while maintaining transparency with stakeholders through proper regulatory disclosures.

Hyundai Motor India Limited has successfully concluded its postal ballot process with all four ordinary resolutions receiving overwhelming shareholder approval. The company announced the voting results on April 02, 2026, following the completion of remote e-voting that concluded on April 01, 2026.

Postal Ballot Process and Timeline

The postal ballot process was conducted entirely through remote e-voting in accordance with regulatory requirements. The e-voting period remained open from 09:00 AM on Tuesday, March 03, 2026, to 05:00 PM on Wednesday, April 01, 2026. The record date for determining eligible shareholders was set as February 25, 2026, with a total of 778,673 shareholders registered on that date.

BP & Associates, Company Secretaries from Chennai, served as the scrutinizer for the postal ballot process. The scrutinizer was appointed by the Board of Directors at their meeting held on February 02, 2026, and issued their report on April 02, 2026.

Resolution Results Overview

All four ordinary resolutions presented to shareholders achieved the requisite majority for approval:

Director Appointment Resolution

The first resolution regarding the appointment of Mr. Dong Huwy Park (DIN: 09389394) as Whole-time Director (Non-Independent, Executive Director) received the highest approval rate at 99.56%. This resolution saw participation from 76,10,48,235 total votes, with promoter and promoter group showing 100% participation and approval.

Related Party Transaction Approvals

The remaining three resolutions focused on approving material related party transactions between Hyundai Motor India Limited and key associated entities. These transactions required shareholder approval under regulatory guidelines, with promoter groups abstaining from voting due to their interest in these resolutions.

The approval of material related party transactions with Mobis India Limited, Kia India Private Limited, and Hyundai Motor Company demonstrates strong shareholder confidence in the company's strategic partnerships and operational relationships.

Voting Participation Analysis

The voting pattern showed significant variation between resolutions. While the director appointment resolution saw participation from 76,10,48,235 votes (93.66% of outstanding shares), the related party transaction resolutions had lower participation at approximately 9,07,02,000 votes (11.16% of outstanding shares) due to promoter group abstention.

Public institutional investors showed strong participation across all resolutions, with approval rates consistently above 96% for all proposals. Public non-institutional investors also demonstrated support, though with slightly lower approval percentages ranging from 94% to 95%.

Regulatory Compliance and Documentation

The postal ballot process was conducted in full compliance with the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant MCA circulars. The company dispatched postal ballot notices electronically to shareholders whose email addresses were available with the company and depositories.

The scrutinizer's report confirms that all procedural requirements were met, and the voting results have been made available on the company's website at https://www.hyundai.com/in/en as per regulatory requirements.