Hyundai Motor India Limited (HMIL) has entered a new chapter with Tarun Garg taking charge as Managing Director and Chief Executive Officer (MD & CEO) from January 1, 2026. His appointment is significant as he becomes the first Indian national to head the company since Hyundai began operations in India in 1996, underscoring the growing role of Indian leadership in global corporations.
Tarun Garg brings with him over three decades of rich experience in the automotive industry, spanning sales, marketing, strategy, finance, distribution and brand building. Since joining Hyundai Motor India in December 2019, Garg has played a pivotal role in strengthening the company’s market position. He previously served as Director – Sales, Service and Marketing, and later as Whole-time Director and Chief Operating Officer, during which the company reported record-breaking sales for three consecutive years, improved profitability and robust EBITDA margins.
One of the key highlights of his recent tenure was Hyundai Motor India’s landmark IPO in 2024, one of the largest public offerings in the Indian market, which further strengthened the company’s financial standing and public presence.
Before Hyundai, Garg spent a long and successful stint at Maruti Suzuki India, where he held several senior leadership roles, including Executive Director. His academic background includes a Mechanical Engineering degree from Delhi Technological University and an MBA from IIM Lucknow.
Speaking on his new role, Garg described the appointment as a privilege and said he aims to build on Hyundai’s strong legacy in India. His focus areas include sustainable growth, innovation, advanced mobility solutions and customer-centricity, while reinforcing the company’s commitment to the ‘Make in India’ initiative.
Tarun Garg succeeds Unsoo Kim, who will move back to Hyundai’s global headquarters in South Korea. The leadership transition reflects Hyundai’s confidence in India as a strategic market and signals a future driven by local insight and global ambition.
Under his leadership, HMIL plans to accelerate investments in electric vehicles, hybrid technology and connected mobility, with a proposed investment of around ₹45,000 crore by 2030. Strengthening localisation, boosting exports and deepening engagement with employees, dealers and suppliers will also be key priorities.
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