Hyundai Motor India Limited has informed the Exchange regarding a press release dated January 01, 2026, titled "Tarun Garg Takes Charge as the First Indian MD & CEO of Hyundai Motor India Limited".
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Hyundai Motor India Limited (HMIL) announced that Mr. Tarun Garg has officially assumed charge as Managing Director & Chief Executive Officer, effective January 1, 2026. He is the first Indian national to lead HMIL in its 29-year history. Mr. Garg brings over 32 years of automotive experience, having previously served as Head of Sales, Service & Marketing and most recently as Whole-time Director and COO at HMIL, and earlier as Executive Director at Maruti Suzuki India. Under his leadership, HMIL will pursue a ₹45,000 crore investment roadmap by FY 2030 focused on EVs, hybrids, connected mobility, customer-centricity, and the 'Make in India' initiative. The announcement highlights his track record, including three consecutive years of record-breaking sales, highest-ever profitability and EBITDA margins, and the successful execution of India's largest IPO in 2024.
This is a planned internal succession with continuity, as Mr. Garg was already COO, which should reassure investors. The localization of top leadership and the reaffirmation of a ₹45,000 crore investment commitment through FY 2030 are positive long-term signals for shareholders.