FY2024-25: Hyundai India Signs 75 MW Captive Solar Deal, 43 MW Wind Underway

Hyundai Motor India’s renewable energy share reached 88% as of March 2025, driven by initiatives such as a 10 MW rooftop solar plant. The company shared these details in its 2024–25 annual report. 

The company said it had signed group captive agreements for 75 MW of solar power and has 43 MW of wind capacity under development. The automaker highlighted third-party sourcing from solar, wind, and cogeneration sources, and noted ongoing investments in wind-solar hybrid projects.

The NSE-listed firms have come a long way since they got listed in October 2024. During FY 2024–25, Hyundai Motors reported revenue from operations of ₹691,929 million and a profit after tax (PAT) of ₹56,402 million. Whereas, its EBITDA stood at 98,238 Mn

Renewable Energy Expansion

After getting listed on the NSE, Hyundai Motor, with a US$3.3 billion IPO, the company has been expanding its presence in the renewable energy segment. In the renewable segment, Hyundai has undertaken a series of partnerships to scale up renewable energy sourcing.

In November 2024, Fourth Partner Energy collaborated with Hyundai through a special purpose vehicle (SPV). Together, they are setting up a 118 MW renewable energy project in Tamil Nadu under the Group Captive Model. The project consisted of a 75 MW solar plant and a 42.9 MW wind power facility.

Later in January 2025, it partnered with Hyderabad-based Fourth Partner Energy to develop 75 MW of solar and 43 MW of wind power capacity in Tamil Nadu under a group captive model.

In a bid to further expand its presence in the renewable energy segment, in June this year, Hyundai Motor India Limited (HMIL) partnership with the Indian Institute of Technology Madras (IIT Madras). The Hyundai HTWO Innovation Centre and IIT Madras collaborated to develop a design for a hydrogen research hub with the Tamil Nadu Government. 

With a focus on advancing fuel cell technologies, the centre is expected to support Hyundai’s goal of scaling up its clean energy footprint in India. The facility will also provide opportunities for young researchers and startups to contribute to developments in green hydrogen, in line with Tamil Nadu’s ambitions to become a hub for green energy innovation.