Hyundai Motor India today announced that Tarun Garg has officially assumed charge as its Managing Director (MD) and Chief Executive Officer (CEO), effective January 1, 2026. With this appointment, he becomes the first Indian national to lead the Indian subsidiary of Hyundai Motor Group since its inception 29 years ago.
Hyundai said the leadership transition marks a significant milestone in the company's India journey and reflects the growing strategic importance of the Indian market within the parent's global operations. Garg succeeds Unsoo Kim, who is set to return to South Korea to assume a strategic role at Hyundai Motor Company.
Garg brings over three decades of experience in the automotive industry, spanning sales, marketing, distribution, financial management, product strategy and brand communication. The company said his appointment is aimed at steering Hyundai into its next phase of growth amid rapid changes in mobility technologies and customer expectations.
"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 Hyundai's transformation towards sustainable growth, technological leadership and unmatched customer delight," Garg said.
"We will continue to reinforce our commitment to 'Make in India' and position Hyundai 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 Hyundai with agility, conviction and purpose," he added.
According to the company, Garg's leadership will be anchored around four focus areas. These include accelerating future-ready mobility solutions such as electric vehicles, hybrids and connected technologies under a Rs 45,000 crore investment roadmap planned through FY30. Other priorities include strengthening employee capabilities, dealer and supplier networks, deepening customer engagement across touchpoints, and increasing indigenisation while positioning India as an export hub for emerging markets.
Before assuming the MD and CEO role, Garg served Hyundai as head of sales, service and marketing, and later as Whole-Time Director and Chief Operating Officer. During this period, the company recorded its highest-ever sales for three consecutive years, achieved record profitability and EBITDA margins and executed the largest initial public offering in Indian equity market history in October 2024.
Before joining Hyundai, Garg spent a significant part of his career at Maruti Suzuki India, where he rose to the position of Executive Director overseeing marketing, logistics, parts and accessories. He holds a degree in mechanical engineering from Delhi Technological University and an MBA from IIM Lucknow.
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