Hyundai Motor India has further solidified its position in the renewable energy sector by increasing its stake in FPEL TN Wind Farm Private Limited. The company has made a second tranche investment of ₹21.46 crore, acquiring an additional 25,58,405 equity shares through private placement.

Investment Details

This latest investment marks a significant step in Hyundai's commitment to sustainable energy solutions. The company's stake in FPEL TN Wind Farm Private Limited has now reached 26.49%, with the total investment value amounting to ₹38.05 crore.

Corporate Disclosure

In compliance with regulatory requirements, Hyundai Motor India has duly informed the National Stock Exchange of India Limited and BSE Limited about this development. The company's filing states that this investment is a continuation of their earlier disclosures.

Implications

This move by Hyundai Motor India aligns with the growing trend of automotive companies investing in renewable energy sources. By increasing its stake in a wind farm, Hyundai is not only diversifying its investment portfolio but also potentially securing a sustainable energy source for its operations in India.

The investment in FPEL TN Wind Farm Private Limited could be seen as part of Hyundai's broader strategy to reduce its carbon footprint and align with global sustainability goals. It may also position the company favorably in terms of meeting potential future regulatory requirements related to clean energy usage in manufacturing.

Looking Ahead

While the immediate impact of this investment on Hyundai's operations may not be significant, it represents a long-term strategic move. As the automotive industry globally shifts towards more sustainable practices, investments in renewable energy sources could become increasingly important for car manufacturers.

Investors and industry observers will likely keep a close watch on how this investment develops and whether it leads to any operational changes or further green initiatives from Hyundai Motor India in the future.

Hyundai Motor India Limited (HMIL) shareholders have overwhelmingly approved the appointment of Mr. Tarun Garg as Managing Director and Chief Executive Officer through a postal ballot process. The resolution received strong support with 99.75% of votes cast in favor, demonstrating significant shareholder confidence in the proposed leadership change.

Voting Results and Approval

The postal ballot results, declared on December 15, were conducted by scrutinizer K J Chandra Mouli from BP Associates, Company Secretaries. The voting process was managed through remote e-voting facilitated by National Securities Depository Limited (NSDL).

Appointment Details

The approved appointment carries specific terms and conditions that were outlined in the original postal ballot notice:

About Tarun Garg

Mr. Tarun Garg brings extensive automotive industry experience to his new role. He holds a Mechanical Engineering degree from Delhi Technological University and an MBA from IIM Lucknow. His professional background includes a distinguished career at Maruti Suzuki India Limited, where he served as Executive Director of Marketing, Logistics, Parts and Accessories.

Professional Expertise and Strategic Focus

Mr. Garg's expertise encompasses several key areas critical to Hyundai Motor India's growth strategy:

• Market and industry dynamics analysis
• Wholesale and retail sales strategies
• Premium channel development initiatives
• Digital marketing and customer engagement
• Business expansion into rural markets and used car segments
• Technological advancement implementation, including Advanced Driver Assistance Systems (ADAS) across nine models

Corporate Governance Process

The postal ballot process was conducted in accordance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resolution was deemed passed on December 11, 2025, being the last date of e-voting, with results formally declared on December 15, 2025.

Hyundai Motor India Limited views this appointment as a strategic initiative to drive transformative and sustainable growth, leveraging innovation and strengthening market presence in India's competitive automotive sector.