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Tarun Garg takes over as MD & CEO of Hyundai Motor India
BusinessLine· 2026-01-01 05:58
Core Viewpoint - Hyundai Motor India Ltd (HMIL) has appointed Tarun Garg as its new Managing Director and Chief Executive Officer, marking the first time an Indian national will lead the company since its establishment 29 years ago [1] Group 1: Leadership Transition - Tarun Garg officially assumes his role as MD & CEO from January 1, 2026, succeeding Unsoo Kim, who will return to a strategic position at Hyundai Motor Company [1] - This leadership change reflects Hyundai Motor Group's confidence in India's strategic importance and growth within the global automotive sector [2] Group 2: Strategic Focus - Garg's leadership will emphasize four key pillars: future-ready strategy, people and market focus, customer-centric approach, and the 'Make in India, Made for the World' initiative [3] - With over 30 years of automotive experience, Garg is expected to guide HMIL through its next growth phase in India [3] Group 3: Vision and Goals - Garg aims to build on HMIL's strong foundation while driving sustainable growth, technological leadership, and enhancing customer satisfaction [4] - The company plans to align with Hyundai's global vision of 'Progress for Humanity' to create impactful mobility solutions [4] Group 4: Investment Plans - HMIL has announced an investment of ₹45,000 crore by FY30 to accelerate developments in electric vehicles, hybrids, and connected mobility [5]