Hyundai Acquires 26.13% Stake in FPEL TN Wind Farm with First Tranche Investment

Hyundai Motor India Ltd. has acquired a 26.13% stake in FPEL TN Wind Farm Private Limited following the release of ₹16.58 crore as the first tranche of its planned investment. The company received 23,62,638 equity shares via private placement, as per the filing made to stock exchanges on June 6, 2025.

This investment is part of a broader commitment Hyundai made in November 2024 to invest ₹38.05 crore in multiple tranches for at least a 26% ownership in the wind energy company. The arrangement 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 reflects its long-term strategy to integrate renewable energy into its operations in India. The move aligns with Hyundai’s global sustainability roadmap, which includes increasing the share of green energy across manufacturing and supply chains. In India, the company has been exploring both solar and wind energy projects to power its production facilities and reduce carbon emissions.

India, meanwhile, continues to push for an expanded renewable energy mix. The country has set a target of achieving 500 GW of non-fossil fuel capacity by 2030, with wind energy playing a key role alongside solar. Corporate investments such as Hyundai’s are seen as vital in supporting private sector participation and accelerating the deployment of clean energy infrastructure.

Hyundai confirmed that all regulatory disclosures under SEBI norms have been fulfilled, and further tranches will follow as per the agreement.