Hyundai Motor India Limited (HMIL) made the exciting announcement today that Mr. Tarun Garg will assume the role of Managing Director and Chief Executive Officer. Subject to shareholder approval, his tenure will commence on January 1, 2026. This appointment marks a significant landmark for HMIL; for the first time since its inception 29 years ago, an Indian national will lead the company. Mr. Garg currently holds the position of Whole-time Director & COO at HMIL. As he assumes his new role, the present Managing Director, Mr. Unsoo Kim, will be transitioning into a strategic position at Hyundai Motor Company (HMC) in South Korea.
Mr. Garg’s appointment is a testament to Hyundai’s faith in Indian leadership and the nation’s burgeoning importance in the global automotive industry. HMC singled out his capabilities for this position. Over the past two years, Mr. Garg diligently worked alongside global management in anticipation of this promotion.
HMC President and CEO, Mr. Jose Munoz, celebrated Mr. Garg’s appointment, recognizing it as a momentous occasion in HMIL’s nearly three-decade history. He commended Mr. Garg’s transformative and innovative leadership style, remarking on his in-depth understanding of the Indian market, and attributing HMIL’s record-breaking sales for three consecutive years, record profits, and India’s largest IPO in 2024 to his guidance. He also acknowledged Mr. Garg’s focus on customers, teams, and long-term investment. Mr. Munoz ended his remarks by thanking Mr. Kim for his immense contributions to HMIL’s success.
Mr. Garg expressed deep gratitude for the faith and trust placed in him by the Hyundai Motor Group. He acknowledged the transformative phase of India’s automotive sector and expressed his eagerness to contribute to HMIL’s continued growth. He emphasized the importance of excellence in all aspects, from design and engineering to sales and service, and expressed his gratitude to Hyundai’s talented employees, dealer partners, and suppliers.
Mr. Garg affirmed that he and his team would remain committed to enhancing HMIL’s 29-year legacy of customer satisfaction and loyalty, shaping the future of mobility, and building enduring relationships in India.
What does Mr. Garg’s appointment mean for Hyundai Motor India Limited (HMIL)?
Mr. Garg’s appointment marks a significant milestone in HMIL’s history. He is the first Indian national to lead the company since it was established 29 years ago, reflecting Hyundai’s strong confidence in India’s leadership capabilities and its growing strategic importance in the global automotive landscape.
What are Mr. Garg’s achievements as COO at HMIL?
Under Mr. Garg’s guidance as COO, HMIL achieved record sales for three consecutive years, record-breaking profits, and completed India’s largest IPO in 2024.
What is Mr. Garg’s vision for HMIL?
Mr. Garg aims to continue HMIL’s growth in the Indian market, maintaining a strong focus on excellence across all areas, from design and engineering to sales and service. He is committed to strengthening HMIL’s legacy of customer satisfaction and loyalty and to shaping the future of mobility in India.
