Overview

• Hyundai Motor India’s board approved Garg’s elevation on Oct. 14, with effect from Jan. 1, 2026, subject to shareholder approval, as Unsoo Kim returns to the parent company on Dec. 31, 2025.
• The FY2030 plan commits Rs 45,000 crore, with roughly 60% for product and R&D and 40% for capacity expansion and upgrades.
• The product pipeline totals 26 launches, including seven new nameplates, a locally manufactured dedicated EV SUV by 2027, and the Genesis brand’s India entry by 2027.
• Hyundai targets India as its second-largest global region by 2030, with up to 30% of volumes from exports, over 80% utility-vehicle mix, and more than 50% of the portfolio from CNG, hybrid, and EV powertrains.
• Financial goals include Rs 1 lakh crore in revenue by FY2030, double-digit EBITDA margins of 11–14% from FY26–FY30, 20–40% dividend payout guidance, and the planned entry of Hyundai Capital by Q2 2026.