TL;DR
Hyundai Motor India has appointed Tarun Garg as its new MD & CEO, while also committing to a $5 billion investment and launching 26 new models by 2030.
Hyundai Motor India has announced the appointment of Tarun Garg as its new Managing Director and CEO, effective January 2026. This significant leadership change comes as the company reveals an ambitious investment plan of $5 billion (approximately ₹45,000 crore) in India by 2030. The investment aims to accelerate growth, expand product offerings, and strengthen Hyundai's position in the rapidly evolving Indian automotive market.
Under Garg's leadership, Hyundai plans to launch 26 new models by 2030, demonstrating a robust strategy to cater to diverse customer segments, including a strong focus on electric vehicles and hybrids. This substantial financial commitment and product roadmap highlight Hyundai's intent to reinforce its presence as a key player in India's automotive landscape and challenge competitors.