Hyundai Motor India Limited has informed the Exchange about Action(s) initiated or orders passed
HYUNDAI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hyundai Motor India has received a partly favorable order from the Commissioner of GST & Central Excise (Appeals - II) dated August 28, 2025, related to the period July 2017 to March 2020. The order dropped a tax demand of Rs. 0.15 crore and penalty of Rs. 0.01 crore on the issue of ITC reversal under wrong head. However, it upheld a tax demand of Rs. 1.38 crore plus penalty of Rs. 0.14 crore concerning applicable tax rate on certain supplies and non-reversal of ITC. The company plans to file further appeals before higher authorities within the prescribed timelines. The total financial exposure is small, and the company has stated there is no material impact on its financial position, operations, or other activities.
The upheld demand of about Rs. 1.52 crore is immaterial relative to the company's size, and management confirms no material impact. Further appeals are planned, so the final outcome remains open. Investors are unlikely to see any meaningful effect on the stock from this order.