Hyundai Motor India Limited has informed the Exchange about change in Management
HYUNDAI · price
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Hyundai Motor India has informed the stock exchanges of significant leadership changes effective December 31, 2025. Mr. Unsoo Kim has resigned as Managing Director & Director to take up a strategic role at parent company Hyundai Motor Company in South Korea. The company has already received shareholder approval to appoint Mr. Tarun Garg as the new Managing Director & CEO effective January 1, 2026, ensuring a seamless transition. Additionally, three Senior Management Personnel — Mr. Jeongick Lee (Corporate Affairs), Mr. Hyoung Soon Yoon (Product Strategy & Planning), and Mr. Jae Wan Ryu (Corporate Planning) — have also resigned on the same date. No reasons beyond the stated ones were disclosed for the SMP resignations.
The MD transition appears orderly with an internal successor already approved by shareholders, which should reassure investors. However, the simultaneous exit of three senior functional heads may raise short-term concerns about continuity in corporate affairs, product strategy, and corporate planning functions.