Hyundai Motor India Limited (HMIL) has initiated a postal ballot to seek shareholder approval for the appointment of Mr. Tarun Garg as Managing Director and Chief Executive Officer. The proposed appointment, if approved, will be effective from January 1, 2026, for a term until August 31, 2028.

Key Details of the Appointment

About Tarun Garg

Mr. Tarun Garg brings a wealth of experience to HMIL. He holds a Mechanical Engineering degree from Delhi Technological University (formerly Delhi College of Engineering) and an MBA from the Indian Institute of Management (IIM) Lucknow. Prior to his association with Hyundai, Mr. Garg had a distinguished career at Maruti Suzuki India Limited, where he held various key positions, including Executive Director of Marketing, Logistics, Parts and Accessories.

Professional Expertise

Mr. Garg's expertise spans several crucial areas:

• Market and industry dynamics
• Wholesale and retail sales strategies
• Premium channel development
• Digital marketing
• Business expansion into rural markets and the used car segment
• Technological advancements, including the introduction of Advanced Driver Assistance Systems (ADAS) in nine models

Voting Process

Shareholders can cast their votes through remote e-voting, which will be conducted by National Securities Depository Limited (NSDL). The e-voting period is scheduled from 9:00 AM on November 12, 2025, to 5:00 PM on December 11, 2025.

Additional Information

• The cut-off date for eligible voting shareholders is November 7, 2025.
• Mr. K J Chandra Mouli has been appointed as the scrutinizer for the postal ballot process.
• The proposed resolution, if approved, will be deemed to have been passed on the last date of e-voting, i.e., December 11, 2025.

Hyundai Motor India Limited views this appointment as a strategic move to drive transformative and sustainable growth, leveraging innovation and strengthening market presence. Shareholders are encouraged to participate in the voting process to make their decision on this significant corporate action.

Hyundai Motor India Limited (HMIL) has made a significant move in the compact SUV segment with the global debut of its all-new Hyundai VENUE and VENUE N Line models. This launch marks the beginning of Hyundai's plan to introduce 26 new products by 2030, showcasing the company's commitment to the Indian market.

Key Highlights of the Launch

• Starting Price: The all-new Hyundai VENUE is priced from ₹7,89,900 (ex-showroom).
• Enhanced Dimensions: The new VENUE is 48mm taller and 30mm wider than its predecessor, with a wheelbase of 2520mm.
• Advanced Technology: Introduction of Hyundai's Connected Car Navigation Cockpit (ccNC) system, accelerated by NVIDIA.
• Safety Features: Over 65 advanced safety features, including 33 standard safety features across all variants.
• Manufacturing: Exclusively produced in India for global markets at Hyundai's Pune manufacturing plant.

Technological Advancements

The all-new VENUE and VENUE N Line are equipped with cutting-edge technology, including:

• Dual 12.3-inch curved panoramic displays
• Up to 20 controllers capable of Over-the-Air (OTA) vehicle updates
• Hyundai SmartSense ADAS Level 2 with 16 intelligent features (for VENUE N Line)

Performance and Powertrain Options

Hyundai offers a range of powertrain options to cater to diverse driving preferences:

VENUE N Line: Sportier Variant

The VENUE N Line offers:

• 32 exclusive upgrades over the standard VENUE
• Sporty design elements including N Line-exclusive bumpers, dark chrome radiator grille, and red highlights
• Enhanced performance features such as paddle shifters and disc brakes with red calipers

Investment and Future Plans

Mr. Unsoo Kim, Managing Director of HMIL, announced an investment of over ₹45,000 crores, reaffirming Hyundai's long-term commitment to the Indian market. This launch is part of Hyundai's strategy to introduce 26 new products by 2030, strengthening its position in the Indian automotive sector.

Market Impact

The launch of the all-new VENUE and VENUE N Line is expected to intensify competition in the compact SUV segment. With its advanced features, varied powertrain options, and competitive pricing, Hyundai aims to maintain its strong position in the Indian market, where the VENUE has already sold over 7 lakh units since its 2019 debut.

As the automotive industry continues to evolve, Hyundai's focus on technology, safety, and performance in these new models demonstrates its commitment to meeting changing consumer demands and maintaining its competitive edge in the rapidly growing Indian SUV market.