Hyundai Motor India Limited (HMIL) has announced that Mr. Tarun Garg has officially assumed charge as its Managing Director and Chief Executive Officer with effect from January 1, 2026.
This appointment marks a historic milestone, as it is the first time in the company’s 29-year presence in India that an Indian national has been appointed to the top leadership position.
The company stated that with over three decades of experience in the automotive industry, Mr. Garg brings deep expertise across sales, marketing, operations, and strategic leadership.
Prior to becoming MD & CEO, he served Hyundai Motor India as Head of Sales, Service and Marketing, and later as Whole-time Director and Chief Operating Officer. During his tenure, HMIL achieved record sales for three consecutive years, delivered its highest-ever profitability and EBITDA margins, and successfully executed the largest IPO in Indian equity market history in 2024.
Before joining HMIL, Mr. Garg spent a significant part of his career at Maruti Suzuki India Limited, where he rose to the position of Executive Director overseeing marketing, logistics, and parts and accessories. His academic background includes a degree in Mechanical Engineering from Delhi Technological University and an MBA from IIM Lucknow.
Under Mr. Garg’s leadership, Hyundai Motor India will focus on four core pillars shaping its next phase of growth. These include a future-ready strategy driven by investments of ₹45,000 crore by FY2030 to accelerate electric vehicles, hybrids, and connected mobility solutions. The company will also place strong emphasis on people and market development by empowering employees and strengthening dealer and supplier networks.
Customer-centricity will remain central, with a focus on enhancing trust and delivering seamless experiences across all touchpoints. In addition, HMIL aims to deepen its Make in India, Made for the World strategy by increasing indigenization and positioning India as a key export hub for emerging markets.
Beyond business performance, Mr. Garg is known for his inclusive leadership style. Initiatives such as “Samarth by Hyundai” reflect his commitment to accessibility and community impact, aligning with Hyundai Motor Group’s global vision of Progress for Humanity.
Mr. Tarun Garg, MD & CEO - HMIL stated, “India’s automotive industry is at an exciting inflection point, driven by innovation, sustainability and evolving customer aspirations. It is an extraordinary honour to lead Hyundai Motor India at this defining moment in our three-decade long journey. My vision is to build on our strong foundation while accelerating HMIL’s transformation towards sustainable growth, technological leadership and unmatched customer delight.”
He further added, “We will continue to reinforce our commitment to ‘Make in India’ and position HMIL as a global hub for exports. Aligned with Hyundai’s global vision of ‘Progress for Humanity,’ we will strengthen Hyundai’s legacy and create meaningful mobility solutions that not only empower people but also connect communities and enrich lives. The future is ours to build and I am committed to leading HMIL with agility, conviction and purpose.”
On January 1, 2026, Hyundai Motor India share price opened at ₹2,305.00, touching the day’s low at ₹2,283.30, as of 10:59 AM on the NSE.
Also Read: Hyundai Motor India launches Prime Taxi Range!
The appointment of Tarun Garg as MD & CEO signals a new chapter for Hyundai Motor India. With a strong track record, strategic clarity, and people-centric approach, his leadership is expected to steer HMIL toward sustained growth, innovation, and enhanced global relevance in the years ahead.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 1, 2026, 11:00 AM IST
Nikitha Devi
Nikitha is a content creator with 7+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
