Hyundai India names Tarun Garg as CEO along with $5.07B expansion plan
Hyundai India appoints Tarun Garg as CEO and unveils a $5.07B expansion plan targeting sales growth and margin gains.
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13h agoHyundai India names Tarun Garg as CEO along with $5.07B expansion plan
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.
positive
13h agoHyundai India names Tarun Garg as CEO along with $5.07B expansion plan
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.
positive
Hyundai India names Tarun Garg as CEO along with $5.07B expansion plan
about 13 hours ago
1 min read
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Hyundai India appoints Tarun Garg as CEO and unveils a $5.07B expansion plan targeting sales growth and margin gains.
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.
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.
Companies:
Hyundai Motor India
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