
South Korean automotive giant Hyundai Motor's Indian arm on 1 January announced that Tarun Garg is taking charge as the first Indian Managing Director and Chief Executive Officer of the company.
In a BSE filing, Hyundai Motor India said that this is the first time in 29 years that the automaker has appointed an Indian national as the head of its country operations, in an effort to lead the second phase of growth in India.
“Hyundai Motor India Limited (HMIL) today announced that Mr Tarun Garg has officially assumed charge as the Managing Director & Chief Executive Officer (MD & CEO), effective 1 January 2026,” the company said in a press release.
Jose Munoz, the President and CEO of Hyundai Motor Company, in a social media post in October 2025, announced that the automaker had appointed Garg as the next MD and CEO of the Indian arm.
“I've had the privilege of working closely with Tarun over the past two years. He's a transformative leader who brings progressive vision and deep understanding of the Indian market,” said Munoz.
Tarun Garg is an industry veteran with nearly three decades of experience in the Indian automobile sector. The 54-year-old executive began his career as a Deputy Manager of Logistics at Maruti Suzuki India in 1994.
Rising through the ranks at the company, Garg became the National Sales Head of Maruti Suzuki India in July 2010, and later served as the Executive Director of Marketing before exiting in December 2019 after a 26-year stint.
Tarun Garg joined Hyundai Motor India as Director of Sales, Marketing and Service in December 2019 and, after spending five years in the role, was promoted to Chief Operating Officer in January 2023.
On the educational front, Tarun Garg holds a Bachelor of Technology degree in Mechanical Engineering, and later also completed a Master of Business Administration in Marketing from the Indian Institute of Management, Lucknow, in 1994.
In the BSE filing, Hyundai Motor India disclosed that the company now aims to focus on accelerating electric vehicles, hybrids, connected mobility and more through a ₹45,000 crore investment by 2030.
“My vision is to build on our strong foundation while accelerating HMIL’s transformation towards sustainable growth, technological leadership and unmatched customer delight,” said Tarun Garg in an official statement.
The company also plans to strengthen its dealer and supplier networks.
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