Tarun Garg, Whole Time Director and Chief Operating Officer, Hyundai India, has been appointed as the next MD and Chief Executive Officer (CEO) of the company. The appointment will be effective from January 1, 2026, subject to shareholder approval. This is the first time in Hyundai India’s three-decade history that the company will be headed by an Indian. He succeeds current MD, Unsoo Kim, who will take up a new role at South Korea-based Hyundai Motor Company (HMC).
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Left to right: Unsoo Kim, outgoing MD of Hyundai India, with Jose Munoz and Tarun Garg, chairman of Hyundai Motor Corporation.
Garg has over 32 years of industry experience and has been serving as Head of Sales, Service and Marketing at Hyundai India since 2019. During this period, he led the brand to its highest ever sales for three consecutive years, achieved record breaking profits and highest EBITDA margin in FY24. Before Hyundai, Garg spent a long time at India’s leading carmaker Maruti Suzuki, holding various responsibilities.
Speaking on his appointment as CEO, Garg said, “I am extremely honored by the trust and confidence shown in me by Hyundai Motor Group. India’s automotive sector is going through an exciting phase of transformation and by taking up this role I look forward to contributing to HMIL’s continued growth in this market. Success in this industry requires excellence in every aspect, from design and engineering to manufacturing, sales and service and I am privileged to work with Hyundai’s talented employees, dealer partners and supplier partners who make this possible.”
