A New Era Dawns at Hyundai Motor India: Tarun Garg Takes the Helm as MD & CEO

A seismic shift is underway at Hyundai Motor India Ltd (HMIL), as the automotive giant prepares to usher in a new era of leadership. In a move that signals both continuity and fresh impetus, Tarun Garg, currently the company's dynamic Chief Operating Officer (COO), has been elevated to the prestigious position of Managing Director and Chief Executive Officer.

This significant appointment, effective December 17, 2024, places an experienced Indian automotive veteran at the helm of one of the country's most formidable car manufacturers.

Garg's promotion follows the commendable tenure of Unsoo Kim, who is set to embark on a pivotal global assignment. Kim, under whose stewardship Hyundai Motor India achieved remarkable milestones, will transition to lead Hyundai Motor Company's coveted Global Genesis Division in Seoul.

His new role underscores Hyundai's commitment to strengthening its luxury brand presence worldwide, a testament to his strategic capabilities.

Tarun Garg is no stranger to Hyundai's intricate operations or the evolving landscape of the Indian automotive sector. Having joined Hyundai in 1999, his journey within the company has been one of consistent growth and demonstrated leadership.

From spearheading national sales initiatives to shaping marketing strategies, Garg's diverse experience has provided him with an unparalleled understanding of customer needs and market dynamics. His career trajectory within Hyundai, spanning over two decades, positions him perfectly to guide the company through its next phase of innovation and expansion.

This leadership transition comes at a fascinating time for Hyundai Motor India.

As the nation's second-largest carmaker, HMIL has consistently demonstrated robust growth, a strong product portfolio, and an unwavering commitment to the Indian market. The company recently made headlines with its ambitious plans to file for an initial public offering (IPO), a move that highlights its financial strength and future aspirations.

Under Garg's leadership, Hyundai is poised to further solidify its market dominance, continue its electric vehicle push, and enhance its customer-centric strategies.

The appointment of Tarun Garg as MD & CEO is not just a change in designation; it's a strategic reaffirmation of Hyundai's vision for India.

His deep-rooted understanding of the local market, combined with his extensive experience across various functions, promises to bring a fresh perspective while maintaining the foundational strengths that have made Hyundai a household name. As Hyundai Motor India embarks on this exciting new chapter, the industry watches with keen interest to see how Garg will steer the company towards even greater heights, building on its legacy of innovation, quality, and customer satisfaction.