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Tarun Garg Becomes First Indian to Lead Hyundai Motor India

A ₹45,000 crore FY2030 plan backs a push for electrification, localisation, exports, network strength.

Overview

  • Tarun Garg assumed charge as Hyundai Motor India’s Managing Director and CEO effective January 1, 2026.
  • He succeeds Unsoo Kim, who resigned on December 31, 2025 to take a strategic role at Hyundai Motor Company in South Korea.
  • Shareholders and the board approved Garg’s elevation in October 2025 as part of a planned succession.
  • Hyundai outlines priorities including electric and hybrid vehicles, connected mobility, dealer and supplier reinforcement, greater localisation, exports and ‘Make in India, Made for the World,’ supported by ₹45,000 crore through FY2030.
  • Garg brings over 32 years of automotive experience, including roles as HMIL COO and at Maruti Suzuki, with recent HMIL milestones such as record sales, stronger profitability and India’s largest IPO in 2024.