Hyundai logs back-to-back record monthly sales after Tarun Garg takes charge as first Indian MD & CEO

Hyundai has outlined a Rs 45,000 crore investment roadmap by FY30.

• Hyundai posted record sales in January and February 2026.
• Creta leads sales for Hyundai in the domestic market.
• Tarun Garg assumed charge as first Indian MD & CEO of Hyundai in January.

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Hyundai Motor India has recorded two consecutive monthly sales milestones soon after Tarun Garg assumed charge as Managing Director (MD) and Chief Executive Officer (CEO) on January 1, 2026, becoming the first Indian to head the company since its inception.

In February, the Creta SUV-maker reported total passenger vehicle (PV) sales of 66,134 units, up 12.6% year-on-year (y-o-y), marking its highest-ever total sales for any February since inception.

Domestic sales stood at 52,407 units, rising 9.8% y-o-y, and were also the highest-ever for the month of February. Exports increased 24.8% y-o-y to 13,727 units.

The February milestone followed a record-breaking January, when Hyundai clocked its highest-ever total PV monthly sales of 73,137 units, up 11.5% y-o-y.

Domestic volumes rose 9.5% y-o-y to 59,107 units, the company's highest-ever monthly domestic sales, while exports grew 20.9% y-o-y to 14,030 units.

In both months, the Creta was Hyundai's volume driver in the domestic market, clocking sales of 17,921 units in January and 17,938 units in February. If we talk about exports, the company ships cars to over 80 countries from India.

Garg's appointment marks a leadership transition at a time when the company has outlined a Rs 45,000 crore investment roadmap by FY30.

The FY30 roadmap focusses on India-centric products, electrification and deeper localisation. Hyundai has announced 26 launches by FY30, including seven new nameplates, with entry into the MPV and off-road SUV segments.

The company is targeting over 15% domestic PV market share by FY30, with utility vehicles contributing more than 80% to the total volumes.