Hyundai Motor India Limited — Others, 01-03-2025: Action(s) initiated or orders passed

Hyundai Motor India Ltd. has received a tax demand from the Maharashtra State GST Department for FY 2020-21, totaling ₹2.51 Crores along with a penalty of ₹25.15 Lakhs. The company plans to appeal this order. While this situation might pose a potential risk, it is worth noting that management indicates no immediate impact on its financials, operations, or activities. Investors could view this as a neutral impact, keeping an eye on the appeal process for any developments that may alter the company’s financial standing.