Big development for Hyundai Motor India . The share price of Hyundai jumped over 2% intra-day after the company unveiled $5 billion investment plan and named Tarun Garg as its new MD and Chief Executive Officer.

Tarun Garg to head Hyundai India operations

Garg is the first Indian to lead the South Korean automaker’s operations in India and will assume the role of Managing Director and CEO in January 2026.

Garg was associated with Hyundai for the past six years. Garg will succeed Unsoo Kim, who has led Hyundai Motor India since 2022 and will return to South Korea at the end of the year to assume a strategic role at the parent company, Hyundai Motor. A Hyundai veteran since 1991, Kim oversaw the automaker’s landmark $3.3 billion IPO in 2024, the largest public offering in India to date

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