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.

Hyundai Motor India Limited (HMIL), a prominent player in the Indian automotive sector, is set to host its first-ever Investor Day on October 15, 2025. This significant corporate event marks a new chapter in the company's commitment to transparency and shareholder engagement.

Event Details

Accessibility and Transparency

In a move towards greater accessibility, HMIL has announced that the event will be live-streamed, allowing public and investor access through two primary channels:

1. Company's official website: https://www.hyundai.com/in/en/investor-relations/financial-information/ir-resources/investor-day
2. YouTube channel: https://youtube.com/live/z5BdpcYJwwg?feature=share

This approach ensures that stakeholders from various locations can participate in this landmark event, reflecting HMIL's commitment to inclusive communication.

Background and Significance

The announcement of the Investor Day follows an earlier intimation made by the company on July 11, 2025. This proactive communication strategy demonstrates HMIL's dedication to keeping its investors and the public well-informed about significant corporate events.

The Investor Day is expected to provide valuable insights into Hyundai's operations, strategies, and future outlook in the Indian market. It presents an opportunity for the company to engage directly with its stakeholders, addressing queries and sharing its vision for the future.

Corporate Governance

The timely disclosure of this information, both through earlier intimations and the recent LODR (Listing Obligations and Disclosure Requirements) filing, underscores HMIL's adherence to regulatory compliance and good corporate governance practices.

As the Indian automotive industry continues to evolve, events like these play a crucial role in maintaining investor confidence and fostering transparent communication between the company and its stakeholders.

Investors, analysts, and industry observers will be keenly watching this event, as it may provide crucial insights into Hyundai's strategies and outlook in the dynamic Indian automotive market.