Hyundai Motor India gets ₹517.34 crore tax, penalty demand from GST authority

Hyundai Motor India gets ₹517.34 crore tax, penalty demand from GST authority

File. | Photo Credit: Reuters Hyundai Motor India Ltd on Tuesday (July 22, 2025) said it has received a demand of ₹517.34 crore from tax authorities, along with penalty, for alleged short payment of GST compensation cess on its certain SUV models. The company has received an order from Commissioner (Appeals), CGST Dept, Tamil Nadu, […]

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Hyundai signs terms sheet to acquire General Motors’ Talegaon plant

Hyundai signs terms sheet to acquire General Motors’ Talegaon plant

Representational image only. | Photo Credit: AP Hyundai Motor India Limited (HMIL), said on March 13 that it has signed a ‘Term Sheet’ for the potential acquisition of identified assets related to General Motors India, Talegaon Plant, Maharashtra.  The Term Sheet covers the proposed acquisition of Land & Buildings and Certain machinery and equipment for manufacturing situated […]

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