Hyundai Motor India Names Tarun Garg as Next MD and CEO, Effective January 2026

In a board meeting held on October 14, 2025, Hyundai Motor India Limited approved a succession plan for the position of Managing Director. The decision was made under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR).

Unsoo Kim, Managing Director of HMIL, will step down from his role at the close of business on December 31, 2025. He will return to Hyundai Motor Company in South Korea to take up a strategic position. The board has acknowledged his contribution during his tenure with the company.

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The board has appointed Tarun Garg as the next Managing Director and Chief Executive Officer, effective January 1, 2026. Until then, he will serve as MD and CEO designate. His appointment is subject to the approval of the company’s shareholders.

Tarun Garg holds a degree in Mechanical Engineering from Delhi Technological University and an MBA from the Indian Institute of Management, Lucknow. Before joining Hyundai, he held several leadership roles at Maruti Suzuki India Limited, including Executive Director for Marketing, Logistics, Parts and Accessories.

At Hyundai, he has been responsible for key business functions across sales, marketing and product strategy.

According to the company, Garg is not debarred from holding the position of director by any regulatory authority. He also has no relationship with any other director on the company’s board.

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José Muñoz, President & CEO of HMC, said, “Tarun’s appointment as the first Indian national to lead HMIL is a defining moment in our nearly three-decade history. He is a transformative leader who brings a progressive vision combined with deep understanding of the Indian market. Under his guidance as COO, HMIL achieved record sales for three consecutive years, record-breaking profits and completed India's largest IPO in 2024. He is a people-first leader who understands that success happens when you treat customers like honoured guests, empower your teams and invest for the long term. I would also like to thank Unsoo for his hard work and dedication in helping lay the foundation for the success HMIL enjoys today. We wish him luck on your next assignment.”