Hyundai India paid ₹8,088 crore royalty to parent in Apr-Dec FY24

Hyundai Motor India is currently paying around 3.5% of its sales revenue to its South Korean parent as a royalty payment. The Indian unit paid ₹8,088 crore in royalty during the April-December period of FY24, as per IPO papers filed by the company. It paid ₹14,358.19 crore in royalty in FY23, up roughly 30% from ₹10,973.36 crore in FY22.