Hyundai Motor India Limited said Tarun Garg has assumed charge as Managing Director and Chief Executive Officer with effect from 01 January 2026, becoming the first Indian national to lead the company since its inception 29 years ago. The leadership change comes as the company outlines its next phase of growth in the Indian passenger vehicle market.
According to a press release issued by Hyundai Motor India Limited, Garg brings more than 32 years of experience in the automotive industry, with exposure across sales, marketing, distribution, financial management, product strategy and brand communication. The company said the appointment reflects Hyundai Motor Group’s confidence in India’s leadership capability and the market’s rising strategic importance within its global operations.
Under Garg’s leadership, Hyundai Motor India plans to pursue an investment roadmap of INR 450 billion through the 2030 financial year. The company said this capital allocation will be directed towards future-ready mobility solutions, including electric vehicles, hybrid technologies and connected mobility, alongside continued emphasis on customer-centric operations and domestic manufacturing.
“India’s automotive industry is at an exciting inflection point, driven by innovation, sustainability and evolving customer aspirations,” Garg said. “My vision is to build on our strong foundation while accelerating HMIL’s transformation towards sustainable growth, technological leadership and unmatched customer delight,” he added.
The company outlined four strategic priorities under the new leadership. These include accelerating new mobility technologies through the planned investment programme, strengthening employee capabilities and dealer and supplier networks, deepening customer engagement across all touchpoints, and increasing indigenisation across manufacturing operations to position India as an export hub for emerging markets.
Garg has previously held senior roles at Hyundai Motor India, including Head of Sales, Service and Marketing, and later Whole-time Director and Chief Operating Officer. During this period, the company reported record sales for three consecutive years, achieved its highest profitability and EBITDA margins, and completed an initial public offering in 2024, which it described as the largest in Indian equity markets.
Prior to joining Hyundai Motor India, Garg spent a significant part of his career at Maruti Suzuki India Limited, where he rose to Executive Director of Marketing, Logistics, Parts and Accessories. He holds a mechanical engineering degree from Delhi Technological University and an MBA from the Indian Institute of Management Lucknow.
Hyundai Motor India Limited operates manufacturing facilities in Tamil Nadu and supplies passenger vehicles to the domestic and export markets. The company is a wholly owned subsidiary of Hyundai Motor Group and forms a key part of the group’s global production and sales network.