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

Hyundai Motor India Ltd. has announced a board meeting outcome, approving key organizational changes and an investment initiative. M/s. BP & Associates has been appointed as Secretarial Auditor, and Mr. Madhan Raj T N as Internal Auditor for FY 2024-25. Five senior management personnel will cease their roles at the end of March due to internal restructuring. Additionally, an investment of approximately ₹694 crore is planned for establishing a Tooling Centre to enhance local manufacturing and stabilize the supply chain.

This restructuring reflects Hyundai's strategic focus on operational efficiency and domestic manufacturing capabilities, which could potentially boost investor confidence and create long-term growth opportunities.