Hyundai Motor India Limited (HMIL) has dismissed media reports suggesting that it, along with Mahindra and Kia, may face penalties totaling ₹7,300 crore for allegedly breaching fleet emission levels. In a statement on Friday, HMIL called these claims “fictional” and “not based on facts.”
Amendments to Emission Penalty Norms Misinterpreted
HMIL clarified that the reports incorrectly interpret the 2022 amendments to the Energy Conservation Act, 2001. These amendments, which impose stricter penalty norms, came into effect on January 1, 2023.
“The articles assume the amendments were effective before January 2023. This incorrect assumption makes the penalty claims fictional and unsupported by the law,” HMIL said.
No Notice or Intimation Received
The company denied receiving any notice or communication about fleet emission penalties.
“We have not received formal or informal information regarding any penalty. The quantum mentioned in the reports is entirely speculative and incorrect,” HMIL emphasized.
Commitment to Compliance
Hyundai reiterated its commitment to adhering to all emission laws. It urged the media to verify facts before publishing speculative reports that could mislead stakeholders.
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