Hyundai Motor India Limited has announced strategic senior management appointments to strengthen its leadership team, effective January 2026. The company informed stock exchanges about these key personnel changes under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Senior Management Appointments

The automotive manufacturer has made two significant appointments to its senior management team:

Leadership Profiles and Experience

Mr. Dong Huwy Park - Chief Operating Officer

Mr. Park brings extensive global industry experience spanning three decades to his new role as Business Head – Chief Operating Officer. His professional background encompasses:

• 30 years of comprehensive automotive industry experience
• Customer-centric thinking and marketing intelligence expertise
• Excellence in sales, service, and network domain operations
• Inspiring leadership capabilities aligned with company strategies

Mr. Hyun Sup Lee - Corporate Planning Head

Mr. Lee assumes the position of Function Head – Corporate Planning with substantial industry expertise. His qualifications include:

• 24 years of extensive automotive industry experience
• Deep understanding of global market dynamics
• Proven ability to develop sales and business strategies
• Leadership qualities that align with strategic objectives

Strategic Impact

Both appointments reflect the company's commitment to strengthening its leadership team with experienced professionals who possess the expertise to drive long-term strategic objectives. The combined automotive industry experience will contribute to the company's operational excellence and strategic planning capabilities.

Regulatory Compliance

The appointments were formally communicated to the National Stock Exchange of India Limited and BSE Limited in compliance with SEBI regulations. The company provided requisite details as required under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring full transparency with stakeholders and regulatory authorities.

Hyundai Motor India officially announced that Tarun Garg has assumed charge as Managing Director & Chief Executive Officer, effective January 1, 2026. This historic milestone marks the first time an Indian national heads the company since its establishment 29 years ago in 1996, representing a defining moment in the automotive manufacturer's legacy and demonstrating Hyundai Motor Group's confidence in India's leadership capabilities.

Leadership Transition and Succession Planning

The appointment of Garg represents a strategic leadership transition, with the company moving from expatriate executives to local leadership expertise. Garg succeeds Unsoo Kim, who returns to a strategic role at Hyundai Motor Company in South Korea. Hyundai's board had approved Garg's elevation in October as part of the company's succession planning process.

Four-Pillar Strategic Framework

Under Garg's leadership, Hyundai Motor India will focus on a comprehensive strategic framework built on four key priorities. The leadership transition sets the stage for growth across technology-led products, stronger dealer and supplier networks, improved customer service, and greater localisation and exports under Make in India.

Investment Commitment and Growth Vision

The leadership transition comes alongside ambitious investment plans, with the company targeting a ₹45,000.00 crore investment roadmap by FY 2030. This substantial financial commitment supports electric vehicles, hybrids and connected mobility while positioning India as a global manufacturing hub for emerging markets.

Professional Background and Achievements

Garg brings extensive automotive industry experience from his distinguished career, having previously worked at Maruti Suzuki India Limited where he advanced to Executive Director of Marketing, Logistics, Parts & Accessories. Under his leadership at Hyundai Motor India, the company achieved record-breaking sales for three consecutive years, delivered highest-ever profitability and EBITDA margins, and successfully executed the largest IPO in Indian equity market history in 2024.

Expressing his vision for the company, Garg stated that his focus will be on building the strong foundation while accelerating transformation towards sustainable growth, technological leadership and unmatched customer delight. Aligned with Hyundai's global vision of 'Progress for Humanity,' he emphasized creating meaningful mobility solutions that empower people, connect communities and enrich lives.