Hyundai Motor India Appoints Tarun Garg as Managing Director and CEO, Effective January 1, 2026

Hyundai Motor India Limited (HMIL) has announced a significant leadership transition, appointing Tarun Garg as its new Managing Director & Chief Executive Officer (CEO) effective January 1, 2026. The decision follows the resignation of current Managing Director Unsoo Kim, who will return to South Korea to assume a strategic role at Hyundai Motor Company.

Board Approves Succession Plan for Managing Director

On October 14, 2025, Hyundai Motor India’s Board of Directors approved a formal succession plan during its meeting held between 9:30 PM and 10:02 PM IST. Mr Unsoo Kim will step down from his role at the close of business hours on December 31, 2025. The Board expressed deep appreciation for his contributions, leadership, and strategic vision that guided Hyundai’s operations in India during his tenure.

Tarun Garg to Lead as Managing Director & CEO

Mr Tarun Garg, currently serving as Whole-time Director at Hyundai Motor India, has been elevated to Managing Director & CEO, effective January 1, 2026, subject to shareholder approval. Until then, he will serve as MD & CEO Designate. His appointment aligns with Hyundai’s commitment to reinforcing leadership with proven industry expertise and innovation-focused strategy.

Mr Garg holds a Mechanical Engineering degree from Delhi Technological University and an MBA from the Indian Institute of Management (IIM) Lucknow. Before joining Hyundai, he built a remarkable career at Maruti Suzuki India Limited, beginning as a Management Trainee and rising through key positions such as Regional Sales Manager, National Sales and Network Head, and Executive Director of Marketing, Logistics, Parts, and Accessories.

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Strategic Vision and Achievements

Known for his market insight and innovation-driven approach, Mr Garg has led initiatives including the introduction of Advanced Driver Assistance Systems (ADAS) in 9 models and the expansion of Hyundai’s presence in rural and premium segments. His leadership has been pivotal in enhancing sales quality, optimising incentives, and strengthening profit margins. Mr Garg also brings experience from working with publicly listed companies, IPO processes, and global collaborations.

Hyundai Motor Share Price Performance

On October 15, 2025, Hyundai Motor share price opened at ₹2,435.00 on NSE, above the previous close of ₹2,411.90. During the day, it surged to ₹2,438.00 and dipped to ₹2,388.60. The stock is trading at ₹2,398.50 as of 9:22 AM. The stock registered a moderate decline of 0.56%.

Over the past week, it has declined by 0.43%, over the past month, it has declined by 7.86%, and over the past 3 months, it has moved up by 12.52%.

Conclusion

The appointment of Tarun Garg as Hyundai Motor India’s new Managing Director and CEO marks a strategic move to sustain growth and innovation in India’s dynamic automobile sector. With his vast experience and forward-looking leadership, Hyundai aims to continue strengthening its position in the competitive Indian market.

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