Hyundai Motor India has announced the appointment of Mukundan MS as Whole-time Director and Chief Manufacturing Officer, effective September 1, 2026. His designation as Whole-time Director remains subject to shareholder approval at the upcoming Annual General Meeting.

The board has also approved the appointment of Young Geon Kim as Senior Management Personnel, effective August 1, 2026. These leadership changes follow the superannuation of Gopalakrishnan CS, whose tenure will conclude on August 31, 2026.

Mukundan brings over 25 years of experience in production and production support. Currently serving as Function Head of Production at the CMO Office, he has led initiatives including capacity expansion, flexible SUV manufacturing, AI-driven quality improvements, carbon neutrality efforts, renewable energy adoption, and readiness for integrated ICE and EV production.

Young Geon Kim brings more than 30 years of experience across manufacturing, engineering, and plant operations in the automotive sector. Since joining Hyundai Motor India in 2025, he has driven production management improvements, Genesis readiness, Chennai plant integration, and new plant development initiatives.

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Meanwhile, Hyundai Motor India reported a 33.8% year-on-year decline in standalone net profit for the first quarter of FY27, reflecting challenging market conditions that impacted volumes and profitability during April–June. Profit after tax fell to Rs 883 crore, compared with Rs 1,335.7 crore in the same period last year.

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The company indicated that demand softness and cost pressures affected overall performance, even as it continues to invest in future-ready manufacturing capabilities and sustainability initiatives.

The leadership transition is expected to strengthen operational efficiency and support Hyundai’s long-term growth strategy in India and global markets, particularly as the industry accelerates toward electrification and advanced mobility solutions.

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The company remains focused on enhancing product quality and expanding capacity to meet evolving customer demand while maintaining cost discipline and improving margins over the coming quarters ahead steadily.