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Hyundai India names Tarun Garg as CEO along with $5.07B expansion plan
Hyundai India appoints Tarun Garg as CEO and unveils a $5.
Hyundai Motor India has selected Tarun Garg as its first Indian CEO, effective January 2026, replacing Unsoo Kim. In tandem, the company announced a ₹42,000 crore (~$5.07 billion) capital infusion through FY2030, with ~60% of funds directed to R&D and the rest toward capacity upgrades and product development. Management targets a 7% CAGR in domestic sales alongside 11–14% core margins. The decisions aim to solidify its long-term leadership in India’s automotive sector.