Hyundai Motor India Limited — Others, 24-03-2025: Change in Management

Hyundai Motor India Ltd. has announced a board meeting outcome where several key decisions were made. Mr. Madhan Raj T N has been appointed as the Internal Auditor, effective from April 1, 2025, while M/s. BP & Associates will serve as the Secretarial Auditor for FY 2024-25. Additionally, the board noted the cessation of multiple senior management personnel due to internal restructuring, effective March 31, 2025. The company also proposed an investment of approximately ₹694 Crore to establish a Tooling Centre in India aimed at enhancing local manufacturing and stabilizing the supply chain. This restructuring could lead to more efficient operations but may raise concerns about management stability among investors, highlighting a mixed outlook.