Hyundai Motor India has announced a comprehensive growth strategy, including a substantial ₹45,000 crore (₹450 billion) investment through FY2030, aiming to significantly expand its presence in the Indian market. The company revealed these plans during its first Investor Day in Mumbai, emphasizing India's central role in Hyundai's global strategy.

Investment and Growth Targets

Hyundai's ambitious plans aim to more than double its current revenue by FY30, showcasing a strong growth trajectory over the next several years.

Strategic Focus Areas

The ₹45,000 crore investment will be directed towards:

• Product expansion
• Research and Development (R&D)
• Manufacturing capabilities
• Hiring engineers

Product Strategy

Hyundai plans to launch 26 new products by 2030, including:

• Seven new nameplates
• An MPV (Multi-Purpose Vehicle)
• An off-road SUV
• India's first locally manufactured dedicated electric SUV (by 2027)
• Introduction of the luxury brand Genesis (in 2027)
• Eight hybrid models (comprising 16.00% of the product portfolio)

The company is targeting a 52.00% eco-friendly product mix, including EVs and CNG vehicles, by 2030.

Export Ambitions

Hyundai aims to become the largest vehicle exporter from India, with exports expected to contribute up to 30.00% of total output by 2030.

Technological Advancements

The company is developing a new 1.2-litre turbo-petrol engine for hybrid applications, expected to debut in the Bayon crossover and later in i20, Venue, and next-generation Creta models.

Leadership Transition

Hyundai Motor India is undergoing a leadership change:

• Mr. Unsoo Kim, the current Managing Director, will return to South Korea by December 31, 2025.
• Mr. Tarun Garg will succeed as the Managing Director & CEO from January 1, 2026, subject to shareholder approval.

As Hyundai Motor India embarks on this ambitious journey, the company appears well-positioned to capitalize on the growing Indian automotive market.

Hyundai Motor India Limited (HMIL) has unveiled a significant leadership transition plan, marking a new chapter in the company's management. The Board of Directors, in a meeting held on October 14, 2025, approved a succession plan that will see current Managing Director Unsoo Kim step down, making way for Tarun Garg to take the helm as the new Managing Director and CEO.

Leadership Transition Details

Unsoo Kim will conclude his tenure as Managing Director on December 31, 2025, returning to South Korea to assume a strategic role at Hyundai Motor Company. The Board has expressed its appreciation for Kim's valuable contributions and guidance during his association with the company.

Tarun Garg's Appointment

Tarun Garg, currently serving as a Whole-time Director at HMIL, will succeed Kim as the Managing Director & Chief Executive Officer, effective January 1, 2026. This appointment is subject to shareholder approval, and in the interim period, Garg will serve as MD & CEO designate.

Tarun Garg's Profile

Garg brings a wealth of experience and expertise to his new role:

Prior to joining HMIL, Garg had a distinguished career at Maruti Suzuki India Limited, where he progressed through various key roles:

• Management Trainee
• Regional Sales Manager
• Commercial Business Head
• National Sales and Network Head
• Executive Director of Marketing, Logistics, Parts and Accessories

At Hyundai, Garg has been instrumental in:

• Leading initiatives in wholesale and retail sales strategies
• Developing premium channels
• Spearheading digital marketing efforts
• Expanding business into rural markets and the used car segment
• Introducing Advanced Driver Assistance Systems (ADAS) across nine models

Investor Day Announcement

In a related development, HMIL has announced its first Investor Day, scheduled for October 15, 2025, in Mumbai. The event will be live-streamed for public access via the company's official website and YouTube channel, reflecting HMIL's commitment to transparency and stakeholder engagement.

This leadership transition comes at a crucial time for Hyundai Motor India, as the company continues to navigate the evolving automotive landscape in one of the world's largest markets. The appointment of Tarun Garg, with his extensive industry experience and proven track record, signals HMIL's focus on strategic growth and innovation in the coming years.