Hyundai Motor India shares rose 2.5% on October 15 after the carmaker unveiled Rs 45,000-crore investment plan and named Tarun Garg as new CEO.
Hyundai Motor India has named insider Tarun Garg as its chief executive, making him the first Indian to lead the automaker's India operations, and unveiled a Rs 45,000-crore investment plan to expand manufacturing and research capacity.
The South Korean automaker, which entered India in 1996, is the country's second-largest carmaker after Maruti Suzuki, with bestsellers such as the Creta, Venue, and i20.
Hyundai Motor India made the announcements ahead of its first investor day since the company's market debut last year.
At 11:45 am on October 15, Hyundai Motor India shares on NSE were trading 2.6% higher at Rs 2,475 apiece. The company's shares, which have climbed nearly 32% since their listing, have gained 33% so far in 2025.
Garg, a former Maruti Suzuki India executive who has been with Hyundai for six years, will take over as managing director and CEO in January 2026, the carmaker said.
The company said it plans to invest Rs 45,000 crore by fiscal 2030 to boost capacity and strengthen research and development, allocating about 60% of the funds to R&D and the rest toward product upgrades and capacity expansion.
It also aims for double-digit core earnings margins of 11%–14% between fiscal 2026 and 2030, and projects a 7% compound annual growth rate in domestic sales over the next five years.
The carmaker sees revenue rising to Rs 1 lakh crore in FY30 versus Rs 69,200 crore in FY25.
The company has planned four product launches during FY26, which will double to eight during FY27 and FY28 each, and increase further to 14 in FY29 and FY30. It is going to focus on strengthening its sport utility vehicles line-up and entering new product categories. By FY30, the company aims to have a total of eight hybrid cars across various price points in its portfolio, according to an investor presentation.
The Creta maker said it will focus on further strengthening its dealership network in the country and plans to sell its products across 85% of the total districts in the country as against 77% currently, with rural sales accounting for 30% of the total sales by FY30.
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