Hyundai Motor India has announced a comprehensive leadership restructuring with Managing Director Unsoo Kim and three senior management personnel stepping down from their positions effective December 31, 2025. The automotive company has officially communicated these changes to stock exchanges under regulatory compliance requirements.

Managing Director's Resignation Details

Unsoo Kim, in his resignation letter dated October 14, 2025, stated his intention to return to South Korea for a strategic role at Hyundai Motor Company. Kim will step down from multiple positions including Managing Director & Director, Chairman of the Board and General Meetings, Chairman and Member of the Risk Management Committee, and Key Managerial Personnel.

New Leadership Appointment

The company has received shareholders' approval for the appointment of Tarun Garg as the new Managing Director & Chief Executive Officer, effective January 1, 2026. This appointment ensures continuity in leadership as the organization transitions through this period of change.

Regulatory Compliance

Hyundai Motor India has fulfilled its obligations under Regulation 30 of SEBI Listing Obligation and Disclosure Requirements Regulations, 2015. The company submitted the required documentation, including resignation letters and detailed personnel information as mandated by SEBI circular requirements.

Company Operations

Hyundai Motor India Limited operates as the Indian subsidiary of Hyundai Motor Company, with its registered office located at SIPCOT Industrial Park, Sriperumbudur, Tamil Nadu. The company maintains its corporate office in Gurugram, Haryana, and continues its focus on manufacturing and selling passenger vehicles in the Indian market.

Hyundai Motor India has officially announced a weighted average price increase of 0.6% across its entire model range through a regulatory filing under Regulation 30. The price adjustment will take effect from January 1, 2026, with the company citing rising costs of precious metals and commodities as the primary driver for this decision.

Official Regulatory Communication

The announcement was made through formal communication to both the National Stock Exchange of India Limited and BSE Limited on December 31, 2025. Company Secretary and Compliance Officer Pradeep Chugh signed the official notification, emphasizing that while the company continuously strives to optimize costs and minimize customer impact, it is constrained to pass on some increased costs to the market.

Cost Management Strategy

The automotive manufacturer's decision reflects ongoing industry-wide pressures from fluctuating commodity prices. The company has characterized this as a "minor price increase," indicating its effort to balance cost recovery with market competitiveness. The weighted average approach suggests that different models may see varying degrees of price adjustment within the overall 0.6% framework.

Market Timing and Impact

The timing of the announcement, made on the last day of 2025 for implementation on January 1, 2026, provides minimal advance notice to the market. This approach differs from earlier industry practices of providing longer lead times for price adjustments. The regulatory filing ensures transparency and compliance with stock exchange requirements for material information disclosure.

The company's registered office in Tamil Nadu and corporate office in Haryana will oversee the implementation of these price changes across the dealer network. The adjustment represents the company's response to input cost inflation while attempting to maintain market accessibility for consumers.