Tarun GargNew Delhi: Hyundai Motor India Ltd (HMIL) on Monday said its shareholders have approved the appointment of Tarun Garg as the company’s Managing Director and Chief Executive Officer, effective January 1, 2026.
The ordinary resolution seeking shareholder approval was passed through a postal ballot conducted via remote e-voting, with 99.75 per cent of votes cast in favour, the company said in a regulatory filing.
In October, ETAuto reported that HMIL’s board had approved the elevation of Garg, currently the company’s Chief Operating Officer, as part of a planned leadership succession. His appointment marks the first time an Indian executive will lead Hyundai’s operations in the country.
The move comes as parent company Hyundai Motor Co sharpens its focus on India, committing investments of ₹45,000 crore by FY30 to support capacity expansion, new product development and localisation initiatives.
As part of its India growth strategy, Hyundai Motor Co’s sales finance arm, Hyundai Capital, is set to enter the Indian market in a phased manner by the second quarter of 2026 to strengthen retail financing and support sales growth. The group’s luxury brand Genesis is also expected to enter India through local assembly by 2027.
HMIL has outlined plans to introduce 26 new products by FY30, including seven all-new nameplates. The pipeline includes Hyundai’s entry into the MPV and off-road SUV segments, as well as the introduction of hybrid powertrains, as the company looks to expand its portfolio and sustain growth in the Indian market.
