Hyundai Motor India revealed that Sunil Moolchandani would be taking on a senior management position, beginning October 23, 2025. This announcement follows closely after the company designated Tarun Garg as its inaugural Indian Managing Director and Chief Executive Officer in nearly three decades of operations.

Moolchandani brings extensive expertise with more than 24 years in automotive and commercial industries. Prior to his Hyundai appointment, he worked as Chief Commercial Officer for the Central Zone at Maruti Suzuki India Ltd, where he was instrumental in advancing strategic expansion and operational efficiency.

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His educational background includes a Bachelor of Engineering degree in Electrical Engineering from the University of Pune and a Post Graduate Diploma in Management from Symbiosis Centre for Management and Human Resource Development in Pune.

For the first quarter of FY2026, Hyundai Motor India saw its net profit drop by eight percent to Rs 1,369 crore, down from Rs 1,489.6 crore during the corresponding period in the previous year.

The company's revenue decreased by 5.4 percent annually to Rs 16,413 crore, with EBITDA falling 6.6 percent to Rs 2,185.2 crore.

 

Nevertheless, sales performance strengthened in September 2025, reaching 70,347 units due to the government's GST restructuring. Local deliveries totaled 51,547 units, while export volumes jumped to 18,800 units from 13,100 units in the prior year.

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The updated GST framework lowered the tax rate on compact cars from 28 percent to 18 percent, whereas larger vehicles remain subject to 40 percent GST, although the additional cess has been eliminated.

Furthermore, Hyundai Motor India Limited has formally begun manufacturing activities at its newly established production plant in Talegaon, Maharashtra, as disclosed in today's regulatory submission to stock market authorities.

Operations at the Talegaon facility, positioned within the MIDC Industrial Area of Pune district, started manufacturing passenger cars on October 1, 2025, featuring an annual production capacity of 170,000 vehicles. The plant is located at Plot No. A-16, MIDC, Talegaon Industrial Area, Phase-II Expansion, Tehsil-Maval.

This Talegaon manufacturing site holds significant importance in India's automobile industry history. Initially built by General Motors in 2008, the plant functioned as a production hub for Chevrolet automobiles, including the Chevrolet Beat model, with yearly capacity between 130,000 and 160,000 vehicles. During GM's tenure, the facility supplied both local markets and international exports.

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After General Motors withdrew from India's passenger vehicle sector in 2017, the company discontinued retail activities while maintaining export manufacturing at Talegaon until 2020. Once operations were fully terminated, the facility sat unused for multiple years.