Hyundai Motor India Limited has announced changes to its authorized officials list for regulatory disclosures, updating stock exchanges on February 02, 2025, regarding compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Authorization and Regulatory Compliance

The company's Board of Directors, in its meeting held on February 02, 2025, has specifically authorized Managing Director & CEO Tarun Garg (DIN: 00045669) to assess the materiality of events or information and make required disclosures to stock exchanges under Regulation 30 of SEBI LODR. This disclosure supersedes the company's previous intimation provided on December 19, 2024.

Authorized Officials for Market Disclosures

The company has designated three senior officials who are severally authorized to assess materiality and make regulatory disclosures:

Corporate Communication Details

The company maintains its corporate office at Plot No. C-11&11A, City Centre, Urban Estate, Gurgaon III, Sector 29, Gurugram, Haryana – 122001. For compliance-related communications, the designated contact is through phone at +91 44 6710 2035 and email at complianceofficer@hmi.net .

Regulatory Framework and Transparency

This authorization ensures compliance with Regulation 30(5) of SEBI LODR, which mandates proper authorization for materiality assessment and timely disclosures to stock exchanges. The company has also uploaded this information on its official website at https://www.hyundai.com/in/en , maintaining transparency with stakeholders and ensuring regulatory compliance across all communication channels.

Hyundai Motor India is exploring the possibility of exporting vehicles to the European Union, signaling a potential strategic expansion of its international operations. This consideration represents a significant step in the company's ongoing efforts to broaden its global market presence beyond its current export destinations.

Strategic Export Expansion

The automotive manufacturer's evaluation of EU export opportunities reflects its commitment to diversifying its international market portfolio. The European Union represents one of the world's largest and most sophisticated automotive markets, offering substantial potential for growth and market penetration.

Market Implications

This potential expansion into European markets could provide Hyundai Motor India with access to a premium automotive segment known for its stringent quality standards and environmental regulations. The move would position the company to compete in a highly competitive but lucrative market environment.

Global Positioning

The consideration of EU exports aligns with broader automotive industry trends toward international market diversification. For Hyundai Motor India, this represents an opportunity to leverage its manufacturing capabilities and product portfolio in new geographic territories.

This strategic evaluation demonstrates the company's proactive approach to identifying and assessing new market opportunities as part of its long-term growth strategy.