Overview
- Tarun Garg will succeed Unsoo Kim as MD & CEO on January 1, 2026, subject to shareholder approval, with Kim returning to a strategic role at Hyundai Motor Company at year-end.
- Hyundai Motor India outlined investments of ₹45,000 crore through FY2030, with roughly 60% earmarked for product and R&D and the remainder for capacity expansion and upgrades.
- The product plan runs to 26 launches including seven new nameplates, eight hybrid SUVs by 2030, a dedicated India-developed electric SUV targeted for 2027, and the Genesis brand’s India entry in 2027.
- Manufacturing capacity is being scaled with the Pune plant’s first phase onstream at 170,000 units annually, rising by another 80,000 by 2028 to take India capacity to about 1.1 million units per year.
- Goals include revenue of ₹1 lakh crore by FY2030, sustained double‑digit EBITDA margins of 11–14% from FY26–FY30, Hyundai Capital’s India launch by Q2 2026, and export contribution of up to 30%.