Hyundai shares: Hyundai Motor India gets Rs 5 cr demand from Maharashtra tax authority

Hyundai shares: Hyundai Motor India gets Rs 5 cr demand from Maharashtra tax authority

Hyundai Motor India Ltd on Tuesday said it has received a show cause notice with demand of over Rs 5 crore, including interest, from Maharashtra State Tax Authority for alleged excess input tax credit claim. In a regulatory filing, Hyundai Motor India Ltd (HMIL) said on Monday, November 25, it received show cause notice from … Read more

Hyundai IPO aimed to further Indianise operations: Company official

Hyundai IPO aimed to further Indianise operations: Company official

The upcoming Rs 27,870 crore initial public offering of the Indian arm of South Korean automaker Hyundai, the first such instance of the company listing its subsidiary in an overseas market, is aimed to further Indianise operations, a senior company official said on Friday. Hyundai Motor India Ltd’s initial public offering (IPO), the largest in … Read more