Hyundai Motor India Limited has informed the Exchange regarding 'Business Responsibility and Sustainability Report ( BRSR ) for FY 2024-25'.
HYUNDAI · price
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Awaiting price reaction for this filing.
Hyundai Motor India has submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2024-25 to NSE and BSE. Although the filing was not mandatory for this year (since the company was listed in the same fiscal), Hyundai prepared it voluntarily as a signal of strong governance and transparency. The company reported turnover of ₹6,35,842 million and net worth of ₹1,58,417 million, with passenger car manufacturing contributing 86.88% of revenue and exports to 61 countries making up 21.66% of turnover. Key sustainability highlights include 38% of R&D spend on environmental and social technologies (up sharply from 7% last year), 100% of Tier-1 suppliers assessed for ESG in CY 2024, and targets for carbon neutrality by 2045 and 100% renewable energy by FY26. The report also notes 25% women on the board, 90% union membership among permanent workers, 26,947 customer complaints filed (3 pending), and the upcoming Pune plant expected to be operational next fiscal.
This is a routine ESG disclosure with no direct material impact on the share price, though it offers investors detailed sustainability data and forward-looking targets. The voluntary filing reflects good governance practices, but the pending Competition Commission penalty case (~₹420 crore from 2015, under appeal) remains a legal overhang to watch.