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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability
Hyundai reiterates commitment to India as it marks 30 yea...
2026-05-06 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

South Korean auto major Hyundai on Wednesday reiterated its commitment to shaping mobility for India and the world, as the company marks 30 years of operations in the country.

Established on May 6, 1996, the company's arm Hyundai Motor India Ltd (HMIL) has invested ₹40,700 crore since its inception, with another Rs 45,000 crore lined up between FY26 and FY30 to drive manufacturing, electrification, future mobility and introduction of 26 new products by FY2030.

HMIL has sold a total of 1.35 crore units since its inception, including 96 lakh in India and 39 lakh exported to 150 countries, the company said in a statement.

It reinforces India's role in Hyundai's global success - as India's largest exporter of passenger vehicles on a cumulative basis, it added.

"HMIL's 30-year journey is defined by trust earned over time and the pride of our teams delivering consistently for customers across India," HMIL MD and CEO Tarun Garg said.

"As we celebrate this milestone, we look ahead with youthful energy and unwavering commitment, shaping mobility for India and the world." Guided by Hyundai's global vision of 'Progress for Humanity', "Garg said, "We remain deeply connected to India's aspirations, driving innovation, sustainability and shared prosperity for generations to come".

HMIL has two manufacturing plants in Chennai and Pune with a total annual production capacity to scale to 10.74 Lakh units by 2028. It currently has 1,675 service touchpoints across 1,025 cities with over 50,000 trained service professionals pan-India.

Published on May 6, 2026