Hyundai Motor India has officially launched the new Hyundai Verna at a starting price of ₹10.98 lakh (ex-showroom), marking a significant upgrade to its sedan portfolio in the Indian automotive market. The launch features more than 25 enhancements across design, technology, safety and comfort, positioning the new Verna as India's most aspirational and technologically advanced premium sedan.

Pricing and Variants

The new Hyundai Verna is available across multiple powertrain and transmission combinations with competitive pricing structure:

Segment-Leading Features

The new Verna introduces several segment-first features that establish its premium positioning. Key highlights include the segment's widest sedan with longest wheelbase measuring 2,670 mm, overall width of 1,765 mm, and length of 4,565 mm. The vehicle features dual 52.06 cm (10.25" + 10.25") integrated displays, making it the biggest infotainment and digital cluster setup in the segment.

Advanced Safety and Technology

Safety remains a key focus with over 75 advanced safety features and 35 standard safety features. The new Verna comes equipped with Hyundai SmartSense Level 2 ADAS featuring 20 advanced driver assistance functions. Standard safety equipment includes Electronic Stability Control with VSM, Hill Start Assist Control, and comprehensive airbag protection.

Technology integration includes Hyundai Bluelink connectivity with over 70 connected features and more than 350 voice commands. The infotainment system supports wireless Android Auto and Apple CarPlay, complemented by features like smartphone wireless charging and electric sunroof.

Performance and Design

The new Verna offers two engine options: a 1.5 MPI Petrol engine and a more powerful 1.5 Turbo GDi Petrol engine producing 117.5 kW (160 PS) at 5500 rpm and 253 Nm torque. The vehicle features updated exterior styling with black chrome radiator grille, dual LED projector headlamps, and new R16 diamond cut alloys.

Interior enhancements include D-cut steering wheel, leatherette seat upholstery, driver seat electric 8-way adjustment with memory function, and passenger seat electric 4-way adjustment. The sedan is available in six monotone and one dual-tone color options, including two new colors: Classy Blue and Titan Grey Matte.

Hyundai Motor India Limited has issued a postal ballot notice dated March 02, 2026, seeking shareholder approval for the appointment of a new director and material related party transactions worth ₹177,223 million. The company will conduct remote e-voting from March 03, 2026, to April 01, 2026, with the cut-off date set as February 25, 2026.

Director Appointment Proposal

The company proposes to appoint Mr. Dong Huwy Park (DIN: 09389394) as Whole-time Director (Non-Independent, Executive Director) for a three-year term from February 02, 2026, to February 01, 2029. Mr. Park brings 30 years of global industry experience and previously served as CEO for Hyundai Motor Middle East & Africa.

The proposed remuneration includes salary, allowances, performance incentives, fully furnished accommodation, company car with chauffeur, and other benefits as per company policy. The total remuneration for all Managing/Whole-time Directors shall not exceed the limits under Section 197 read with Schedule V of the Companies Act, 2013.

Material Related Party Transactions

The company seeks approval for material related party transactions with three entities, aggregating to ₹177,223 million. These transactions are proposed to be conducted from April 01, 2026, to March 31, 2027.

Transactions with Mobis India Limited

The largest proposed transaction involves Mobis India Limited, valued at ₹88,400 million. Mobis specializes in manufacturing modular assemblies and components specifically for Hyundai's requirements.

Mobis operates a battery assembly plant within Hyundai's premises and supplies battery assemblies for electric vehicle models. The proximity to manufacturing facilities optimizes inventory levels and reduces supply chain risks.

Transactions with Kia India Private Limited

The company proposes transactions worth ₹44,532 million with Kia India Private Limited, primarily involving engine purchases and sales.

These transactions enable mutual business opportunities, with Hyundai purchasing certain engine models from Kia while selling other engine models and transmissions to optimize capacity utilization.

Transactions with Hyundai Motor Company

The proposed transactions with parent company Hyundai Motor Company amount to ₹44,291 million, covering various operational requirements.

Hyundai Motor Company provides core technology and essential components, while the company sells CKD kits and test vehicles for performance evaluation and compliance checks.

Voting Process and Timeline

The remote e-voting facility will be provided through National Securities Depository Limited (NSDL) platform. Members can cast their votes from 09:00 AM on March 03, 2026, to 05:00 PM on April 01, 2026.

Mr. K J Chandra Mouli (Membership No. F11720), Partner of M/s. BP & Associates, has been appointed as Scrutinizer to conduct the postal ballot process. The Board of Directors approved these proposals at their meeting held on February 02, 2026, based on recommendations from the Nomination and Remuneration Committee and Audit Committee.

The postal ballot notice emphasizes that all proposed related party transactions will be conducted at arm's length basis and in the ordinary course of business, with appropriate approvals from the Audit Committee and Board of Directors.