Hyundai Motor India files FY26 BRSR with ₹45,000 cr capex for EV push
Hyundai Motor India Limited submitted its FY26 BRSR, detailing a ₹45,000 million investment plan for electrification and capacity expansion. The company achieved RE100 status, with zero market-based Scope 2 emissions, and reported CSR spending of ₹896.8 million.

*this image is generated using AI for illustrative purposes only.
Hyundai Motor India Limited (HMIL) filed its Business Responsibility and Sustainability Report (BRSR) for FY26 with the National Stock Exchange of India Limited and BSE Limited on August 03, 2026, outlining a strategic capital expenditure plan of ₹45,000 million between FY26 and FY30. This investment aims to expand manufacturing capacity from 9.94 lakh units to 11.44 lakh units by 2030 and accelerate the company’s transition to electric mobility, positioning India as a central hub in Hyundai’s global manufacturing footprint. The filing, submitted pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, also confirms that HMIL achieved 100% renewable energy coverage across its operations in FY26.
The report, which forms part of the Annual Report for the financial year 2025-26, was independently assured by TÜV SÜD South Asia Pvt Ltd., which provided reasonable assurance on the nine core attributes of the BRSR framework. The verification process, conducted between April 22, 2026, and June 15, 2026, covered HMIL’s headquarters in Gurugram, its Chennai manufacturing plant, and the newly operationalized Talegaon facility in Pune. The Pune plant, which began operations in 2025, contributed to a 3.92% increase in total energy consumption compared to the previous year, reflecting the scale-up of production activities.
Financial and Operational Highlights
HMIL’s business remains heavily concentrated in passenger car manufacturing, which accounted for 88.05% of turnover, while the sale of vehicle parts and accessories contributed 4.92%. Exports constituted 25.25% of total turnover, with vehicles shipped to 72 countries. The company maintains a paid-up capital of ₹8,125,411,000. Corporate Social Responsibility (CSR) spending reached ₹896.8 million in FY26, impacting over 2.5 million people across 28 states and five Union Territories through initiatives focused on healthcare, skill development, and environmental sustainability.
| Metric | FY26 Value |
|---|---|
| Planned Capex (FY26-FY30) | ₹45,000 million |
| Consolidated Capacity (Current) | 9.94 lakh units |
| Target Capacity (2030) | 11.44 lakh units |
| CSR Spending | ₹896.8 million |
| Exports as % of Turnover | 25.25% |
Environmental Performance
HMIL achieved RE100 status in FY26, neutralizing market-based Scope 2 emissions to zero through a combination of Power Purchase Agreements (PPAs), Indian Energy Exchange (IEX) procurement, solar procurement, and International Renewable Energy Certificates (IRECs). While location-based Scope 2 emissions were recorded at 56,049.53 tCO2e, total Scope 1 emissions stood at 29,670.21 tCO2e. The company reported total energy consumption from renewable sources at 1,167,485.4 GJ. Energy intensity per rupee of turnover decreased slightly to 0.0000028 GJ/INR from 0.0000029 GJ/INR in FY25. Water consumption totaled 1,637,972.00 kiloliters, with water intensity per rupee of turnover at 0.000002374 KL/INR.
Workforce and Governance
As of the end of FY26, HMIL employed 4,068 permanent employees, comprising 3,779 males (92.9%) and 289 females (7.1%). The Board of Directors included 25% female representation. The company reported zero fatalities and zero high-consequence work-related injuries. The Lost Time Injury Frequency Rate (LTIFR) for employees was 0.11 per one million-person hours worked. Grievance mechanisms remained active, with 22,775 customer complaints filed during the year, of which 25 remained pending resolution at year-end. Employee-related grievances totaled 660 filings, with 69 pending.
What the Numbers Show
The divergence between location-based and market-based Scope 2 emissions highlights HMIL’s aggressive procurement strategy for renewable energy certificates and PPAs. While operational emissions (Scope 1) rose slightly to 29,670.21 tCO2e from 28,275.00 tCO2e in FY25—likely due to the new Pune plant operations—the complete neutralization of market-based Scope 2 emissions demonstrates effective financial hedging against carbon transition risks. Additionally, the significant increase in R&D spend allocated to EV-related technologies (30% of total R&D) signals a strategic pivot toward electric mobility, aligning with the broader ₹45,000 million capex commitment.
Historical Stock Returns for Hyundai Motor India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.06% | +0.84% | +13.10% | +2.24% | -10.68% | +21.36% |
How will the ₹45,000 million capex allocation specifically balance between expanding ICE manufacturing capacity and scaling up EV production infrastructure by 2030?
What is the projected timeline for HMIL to reduce its location-based Scope 2 emissions, given the current reliance on renewable energy certificates and PPAs for market-based neutrality?
How might the expansion of the Talegaon facility impact HMIL's supply chain logistics and regional market share in Western India over the next five years?


































