Hyundai Motor India Foundation, which was launched on Monday night, made an initial contribution of Rs 35 lakh to S P Tyagarajan, vice chancellor of University of Madras, for the preservation of the varsity's Senate House.
H S Lheem, managing director, HMIL and B V R Subbu, former president, HMIL handed over the cheque.
Lheem said Rs 100 from the sale of every car would go towards this fund, which seeks to address the expectations of the society and initiate concrete steps to extend support in the field of healthcare, education and vocational training, environment, road safety, art, science and technology apart from many other sectors.
The trust will get direct funding from Hyundai Motor India only.
Do you want to discuss stock tips? Do you know a hot one? Join the Stock Market Investments Discussion Group