Hyundai Motor India Limited (HMIL) has announced a significant change in its senior management. Tapan Kumar Ghosh, the company's Function Head - National Sales, has tendered his resignation from the services of the company.

Resignation Details

According to an official intimation filed by Hyundai Motor India with the stock exchanges, Mr. Ghosh's resignation will take effect from the close of business hours on October 3, 2025. Following this, he will cease to be an employee of the company and a member of its Senior Management.

Company Disclosure

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Hyundai Motor India's Company Secretary and Compliance Officer, Pradeep Chugh, signed the official communication dated September 22, 2025.

Impact on Hyundai's Leadership

Mr. Ghosh's departure marks a notable change in Hyundai Motor India's sales leadership. As the Function Head - National Sales, he played a crucial role in the company's sales strategies and operations across the country.

Corporate Governance

This disclosure by Hyundai Motor India demonstrates the company's commitment to transparency and adherence to regulatory requirements. The timely announcement allows stakeholders to stay informed about significant changes in the company's senior management.

Hyundai Motor India Limited, a subsidiary of the South Korean automotive giant Hyundai Motor Company, continues to be a major player in the Indian automobile market. The company's proactive communication regarding this leadership change reflects its focus on maintaining strong corporate governance practices.

As the automotive industry faces evolving challenges and opportunities, the appointment of Mr. Ghosh's successor will be closely watched by industry observers and stakeholders alike.

Hyundai Motor India shares reached a new pinnacle, touching ₹2,745.70, following a series of positive developments for the automaker. The stock's impressive performance comes on the heels of a significant wage settlement and ambitious expansion plans.

Wage Settlement Boosts Worker Relations

Hyundai Motor India has successfully concluded a three-year wage settlement with the United Union of Hyundai Employees. The agreement, which will be effective from April 2024 to March 2027, promises a substantial monthly salary increase of ₹31,000 for technicians and workmen. This raise will be distributed over three years in a 55:25:20 ratio, demonstrating the company's commitment to its workforce and potentially fostering improved labor relations.

Expansion Plans Signal Growth

In a move that underscores its confidence in the Indian market, Hyundai Motor India has announced significant investments in its Talegaon plant in Maharashtra. This strategic expansion is set to bolster the company's production capabilities, bringing its total annual capacity to nearly 11 lakh units. The increased capacity positions Hyundai Motor India to meet growing demand and potentially capture a larger market share.

Stock Performance and Market Reaction

The market has responded positively to these developments, with Hyundai Motor India's stock showing remarkable growth:

This upward trajectory reflects investor confidence in Hyundai's strategic decisions and future prospects in the Indian automotive sector.

Auto Sector Momentum

The broader auto sector in India is also experiencing an upswing, with the Nifty Auto index registering a 13% increase since mid-August. Other major players in the industry have seen notable gains as well:

• Maruti Suzuki
• Ashok Leyland
• Eicher Motors
• Hero MotoCorp

Favorable Policy Changes

Adding to the positive sentiment, recent GST rate rationalization on small cars is expected to stimulate demand in the automotive sector. This policy change could potentially benefit Hyundai and other manufacturers, particularly in the small car segment where India has traditionally shown strong consumer interest.

Outlook

With a combination of strategic expansion, improved labor relations, and favorable market conditions, Hyundai Motor India appears well-positioned in the competitive Indian automotive landscape. The company's stock performance reflects optimism about its future prospects, although investors should always consider market volatility and external factors that could impact the automotive sector.