Tarun Garg Appointed as First Indian MD & CEO of Hyundai Motor India

Hyundai Motor India Limited (HMIL) has announced the appointment of Tarun Garg as the new Managing Director & Chief Executive Officer, effective January 1, 2026. This appointment marks the first time an Indian national has been appointed to lead HMIL since its inception 29 years ago. Mr. Garg brings over 32 years of experience in the automotive industry, having previously held significant roles at Maruti Suzuki India Limited.

Under Mr. Garg’s leadership, Hyundai Motor India has outlined a ₹45,000 crore investment roadmap to be executed by FY 2030. This investment will focus on accelerating the development of electric vehicles, hybrids, and connected mobility solutions. The company aims to enhance its ‘Make in India’ initiative, positioning itself as a global hub for exports and increasing indigenization across its plants.

The scope of Mr. Garg’s leadership will include a focus on four key pillars: future-ready strategy, people and market focus, customer-centric approach, and the ‘Make in India, Made for the World’ impetus. These pillars aim to empower employees, strengthen dealer and supplier networks, and deliver seamless customer experiences across all HMIL touchpoints. The company has achieved record-breaking sales for three consecutive years and executed the largest IPO in Indian equity market history in 2024.

Mr. Garg’s appointment underscores Hyundai Motor Group’s confidence in India’s growth story and strategic importance. His leadership is expected to drive innovation, resilience, and progress within the company. Prior to joining HMIL, Mr. Garg held the position of Executive Director of Marketing, Logistics, Parts & Accessories at Maruti Suzuki India Limited. He holds a Mechanical Engineering degree from Delhi Technological University and an MBA from IIM Lucknow.

The leadership transition is effective from January 1, 2026, with Mr. Garg officially assuming his role on this date. This change is part of HMIL’s strategy to reinforce its commitment to ‘Make in India’ and position itself as a global hub for exports. The company aims to continue its focus on sustainable growth, technological leadership, and customer satisfaction.

Hyundai Motor India Limited is a subsidiary of Hyundai Motor Company, focusing on manufacturing and selling passenger vehicles in India. The company is committed to enhancing its product offerings and expanding its market presence through strategic investments and innovations in the automotive sector.