Hyundai Motor India Ltd has secured a 26.13% stake in FPEL TN Wind Farm Private Limited by investing ₹16.58 crore as the first part of a planned multi-phase investment. This initial investment has resulted in the acquisition of 23,62,638 equity shares via a private placement, as disclosed in a filing to the stock exchanges on June 6, 2025.
This move is part of Hyundai’s broader strategy, announced in November 2024, to invest ₹38.05 crore in multiple phases, ultimately aiming for at least a 26% shareholding in the wind energy company. The agreement was formalized through a Share Subscription and Shareholders’ Agreement (SSSHA) with Fourth Partner Energy Private Limited and FPEL TN Wind Farm Private Limited.
Hyundai’s investment is a step toward its long-term vision of incorporating renewable energy into its operations in India. This aligns with the company’s global sustainability goals, which focus on increasing the use of green energy across its manufacturing processes and supply chains. In India, Hyundai has been actively exploring both solar and wind energy initiatives to power its production units and reduce carbon emissions.
India continues to prioritize an expansion in renewable energy, with a target to achieve 500 GW of non-fossil fuel energy capacity by 2030. Wind energy, alongside solar, is expected to be a significant contributor to this growth. Corporate investments like Hyundai’s are seen as crucial for supporting private sector involvement and accelerating the deployment of renewable energy infrastructure.
Hyundai also confirmed that all regulatory requirements under SEBI norms have been met, with further investment tranches planned in accordance with the agreement. Hyundai Motor India is one of the leading automobile manufacturers in the country and a wholly owned subsidiary of Hyundai Motor Company, South Korea. Established in 1996, the company has played a pivotal role in shaping India’s automotive landscape through innovation, quality, and advanced mobility solutions.
With a strong presence across hatchback, sedan, SUV, and electric vehicle segments, Hyundai is recognized for its wide-ranging product portfolio, cutting-edge technology, and customer-centric approach. Its manufacturing facility in Chennai serves both domestic and export markets, making the company one of India’s largest car exporters. The brand continues to drive progress in smart mobility, sustainability, and connected car technologies through initiatives aligned with its global vision of “Progress for Humanity.”
