Hyundai Motor India Ltd (HYUNDAI)
Disclosure under Regulation 30A of SEBI Listing Regulations
Hyundai Motor India Ltd. has informed the exchange about a Joint Development Agreement between its promoter, Hyundai Motor Company (HMC), and TVS Motor Company Limited to jointly develop electric three-wheelers for India and other markets. The agreement outlines roles where HMC leads concept design, both parties jointly develop the vehicle, and TVS handles procurement, manufacturing, and sales. The agreement does not impact Hyundai Motor India Ltd.'s management or control and imposes certain non-compete restrictions that do not materially affect the company’s current business.
Source: Original filing PDF
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