South Korean automaker’s Indian arm, Hyundai Motor India Restricted, acquired two items and repair tax (GST) notices from the Authorities of Tamil Nadu and the Authorities of Maharashtra, amounting to just about 16 crore, based on an alternate submitting on Friday, February 28.
The Deputy Commissioner of the Maharashtra State Tax Division has demanded a GST quantity of ₹2.51 crore together with a penalty cost of ₹35.15 lakh and an relevant curiosity for the late fee. This may quantity to roughly ₹2.76 crore.
For the second tax discover, The Extra Commissioner of the Central GST Division of Tamil Nadu has demanded a GST quantity of ₹13.46 crore together with a penalty cost of ₹1.34 crore and the relevant curiosity for the late GST fee. This may quantity to roughly ₹14.8 crore, based on the BSE submitting.
The automaker additionally mentioned that there can be no impression of the GST orders on the agency’s monetary, operational or different actions.
Hyundai Motor India Share Worth
Hyundai Motor India shares closed 0.28 per cent greater at ₹1,729.50 after Friday’s inventory market session, in comparison with ₹1,724.75 on the earlier market shut. The corporate disclosed the event of the GST notices on Saturday, March 1, 2025.
Hyundai Motor India shares are buying and selling 6.20 per cent decrease for the reason that firm’s itemizing on the Indian inventory market in October 2024. On a year-to-date (YTD) foundation, the shares of the automaker are buying and selling 3.76 per cent decrease in 2025, and have misplaced 7.32 per cent within the final 5 inventory market periods.
Shares of the automaker hit their 52-week excessive at ₹1,968.80 on December 22, 2024, whereas the 52-week low was at ₹1,610.15 on Janaury 29, 2025, based on knowledge collected from the BSE web site.
Hyundai Motor India’s market capitalisation was at ₹1.40 lakh crore as of the market shut on February 28.
Hyundai India Gross sales
The corporate’s gross sales in India witnessed a 6.8 per cent year-on-year progress in February 2025, at 58,727 items, which incorporates gross sales within the home market and exports to different nations.
“With a 6.8% YoY progress in export gross sales in February 2025, we’re witnessing rising international demand for our Made-in-India merchandise, reflecting Hyundai’s sturdy acceptance worldwide,” mentioned Tarun Garg, the whole-time director and Chief Working Officer (COO) of Hyundai Motor India in an official assertion on March 1, 2025.
Disclaimer: The views and proposals above are these of particular person analysts, specialists, and brokerage corporations, not Mint. We advise traders to seek the advice of licensed specialists earlier than making any funding selections.
