Hyundai Motor India Limited (HMIL) will equip its domestic product line-up with AMARON`s Made-in-India AGM (Absorbent Glass Mat) battery technology. It will be used as an SLI (Starting, Lighting and Ignition) battery and will be procured under HMIL`s existing procurement agreement with Amara Raja Energy & Mobility Limited (ARE&M), a comprehensive solutions provider in the energy and mobility space. HMIL aims to equip its models with the indigenously manufactured AGM batteries in Q4 of FY 2024-2025, making it the first auto OEM in India to use localized AGM technology. The move is in-line with HMIL`s dedicated efforts towards localization and introducing locally sourced innovative technologies for Indian customers.Commenting on the announcement, Gopalakrishnan Chathapuram Sivaramakrishnan, Whole-time Director and Chief Manufacturing Officer - HMIL said, �At Hyundai Motor India Limited, adopting innovative technology to exceed the ever-evolving customer expectations has been our forte. HMIL is poised to become the first auto OEM in India to introduce indigenously manufactured AGM (Absorbent Glass Mat) battery technology in its products, made by Amara Raja Energy & Mobility Limited. Besides, working with an Indian company for this world-class technology is a true testament to HMIL`s commitment towards localization, well aligned with the Government of India`s `Atmanirbhar Bharat` initiative.�Powered by Capital Market - Live News

Hyundai Motor India (HMIL) aims to set up nearly 600 public EV fast charging stations across the country in the next 7 years. The company will have a network of 50 fast public charging stations by the end of December 2024. This ambitious initiative underscores HMIL`s commitment to fostering sustainable mobility and is poised to play a pivotal role in India`s transition to cleaner energy. Commenting on the announcement, Jae Wan Ryu, Function Head - Corporate Planning, HMIL said, �The EV market is expected to grow robustly by 2030. Studies conducted by HMIL have highlighted that customers are apprehensive about driving their EVs for long-distance commutes on highways due to a lack of charging infrastructure. Keeping this in mind, HMIL has taken the initiative of installing fast EV chargers on key highways, in addition to major cities. With access to HMC`s global EV and battery technology, HMIL is well-positioned to build a comprehensive EV ecosystem in India. We are actively investing in infrastructure to support the expected growth in demand for electric vehicles. To date, HMIL`s charging network has facilitated approximately 50,000 charging sessions, dispensing over 7.30 lakh units of energy to more than 10,000 Hyundai and non-Hyundai EV customers. HMIL has also signed an MoU with the Tamil Nadu government to set up 100 EV charging stations across the state by 2027, promoting and accelerating the early adoption of green mobility in the state. Out of these, 10 stations will be operational within the Calendar Year 2024. All EV customers in Tamil Nadu can access these 24x7 charging stations conveniently through myHyundai app. Currently, three charging stations are fully operational at Spencer Plaza and BSR Mall in Chennai, and Hotel Seasons in Tiruvannamalai. The remaining 7 charging stations will be fully operational shortly.Powered by Capital Market - Live News

Net profit of Hyundai Motor India declined 15.54% to Rs 1375.47 crore in the quarter ended September 2024 as against Rs 1628.46 crore during the previous quarter ended September 2023. Sales declined 7.50% to Rs 17260.38 crore in the quarter ended September 2024 as against Rs 18659.69 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales17260.3818659.69 -7 OPM %12.7813.08 - PBDT2368.392788.63 -15 PBT1849.852232.04 -17 NP1375.471628.46 -16 Powered by Capital Market - Live News

Hyundai Motor India will hold a meeting of the Board of Directors of the Company on 12 November 2024Powered by Capital Market - Live News

The equity shares of Hyundai Motor India (Scrip Code: 544274) are listed effective 22 October 2024 and admitted to dealings on the Exchange in the list of A Group Securities.Powered by Capital Market - Live News