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.

Hyundai Motor's April Sales Performance

Hyundai Motor , South Korea's leading automaker, has reported impressive sales figures for April, showcasing the company's resilience and market strength in the global automotive industry.

Global Sales Overview

Hyundai Motor announced that its global sales for April reached 358,886 units, marking a significant increase of 13.9% compared to the same period last year. This growth demonstrates the company's ability to navigate challenges in the global market and meet consumer demand effectively.

Domestic Market Performance

In its home market of South Korea, Hyundai Motor sold 63,160 units in April. This represents a modest year-on-year increase of 2.6%, indicating stable demand in the domestic market.

International Sales Success

The company's international sales were particularly strong, with 295,726 units sold outside of South Korea. This figure represents a substantial year-on-year increase of 16.5%, highlighting Hyundai's growing appeal in global markets.

Analysis

The robust sales performance in April can be attributed to several factors:

1. Product Portfolio Strength: Hyundai's diverse range of vehicles, including popular models in various segments, continues to attract customers worldwide.

2. Global Economic Recovery: As many countries progress in their post-pandemic recovery, consumer confidence and spending on big-ticket items like automobiles have increased.

3. Supply Chain Improvements: Hyundai has likely made strides in addressing supply chain disruptions that have affected the automotive industry in recent years.

4. Strategic Market Expansion: The company's efforts to strengthen its presence in key international markets appear to be yielding positive results.

Hyundai Motor's strong April performance sets a positive tone for the company's sales. However, challenges such as ongoing supply chain issues, inflationary pressures, and increasing competition in the electric vehicle market may require continued strategic focus from the automaker.