TL;DR
Hyundai Motor India is set to invest $5 billion by 2030, launch 26 new products, and has appointed Tarun Garg as its first Indian CEO, signaling a significant expansion and localization push.
Hyundai Motor India has announced a massive investment of $5 billion (approximately ₹45,000 crore) by 2030, signaling an aggressive growth strategy for the Indian market. This significant capital injection will fuel product development, manufacturing expansion, and new technology integration. As part of this strategic overhaul, Tarun Garg has been appointed as the new Managing Director and Chief Executive Officer, effective January 1, 2026. This marks a historic moment as Garg becomes the first Indian to lead Hyundai's operations in the country in its three-decade presence.
The company plans to introduce 26 new products, with a strong focus on SUVs, MPVs, and a compact EV, alongside eight new hybrid models by FY2030. This investment underscores Hyundai's commitment to deepening its roots in India, aiming for substantial localization and catering to the evolving demands of Indian consumers while also bolstering its export capabilities from the region.