Key Highlights
- Tarun Garg to become Hyundai Motor India’s first Indian Managing Director and CEO effective 1 January 2026.
- Garg brings over three decades of automotive experience, including record‑breaking sales and the largest auto IPO in the country.
- Leadership transition marks a strategic pivot toward empowering local talent while maintaining global oversight from South Korea.
- Hyundai’s commitment to India includes a $5.07 billion investment plan through FY 2030.
Detailed Insights
Leadership Profile. Tarun Garg, a mechanical engineer from Delhi Technological University with an MBA from IIM Lucknow, joined Hyundai in 2019. He rose to Director of Sales, Marketing & Service, then COO in 2023, before being appointed MD & CEO.
Commercial Milestones. Under Garg’s stewardship, the brand achieved three consecutive years of record sales and orchestrated the Indian market’s largest automobile IPO in 2024.
Strategic Transition. The previous MD & CEO, Unsoo Kim, will assume a global role at Hyundai Motor Company, ensuring continuity while allowing a locally tailored strategy under Garg’s leadership.
Investment Outlook. Hyundai has announced a cumulative investment of $5.07 billion through fiscal year 2030, underscoring its long‑term growth ambitions in India.
Key Concepts
- Managing Director (MD): The chief executive responsible for day‑to‑day operations and strategic execution within a subsidiary.
- Chief Executive Officer (CEO): The highest‑level officer who defines vision, strategy, and overall organisational direction.
- Initial Public Offering (IPO): The process through which a company sells shares to the public for the first time.
- People‑First Leadership: A management style that prioritises employee well‑being, development, and empowerment.
- Strategic Growth: Long‑term expansion plans that align resources, market positioning, and innovation.