Hyundai Motor India Limited announced its December sales performance, reporting total monthly sales of 58,702 units with a 6.6% year-on-year growth from 55,078 units in the previous year. However, the sales figures fell short of analyst estimates of 63,030 units. The automaker demonstrated strong performance across both domestic and export segments, with particularly impressive export growth reinforcing its position in the global automotive market.

December Sales Performance vs Estimates

The company's December sales figures reflect a balanced growth strategy with significant contributions from both domestic and international markets, though falling below market expectations. The following table summarizes the key performance metrics:

Strong Export Performance Drives Growth

Hyundai Motor India's export segment delivered exceptional results in December, with 16,286 units exported, marking a robust 26.50% year-on-year growth. This outstanding performance aligns with the company's 'Made-in India, Made-for-the-World' strategy, demonstrating its commitment to manufacturing world-class products indigenously for global markets. The strong export numbers highlight the company's expanding international footprint and manufacturing excellence.

Product Portfolio Highlights

The all-new Hyundai VENUE has generated significant customer interest since its launch, with bookings already reaching the 55,000 mark within less than two months. This strong response indicates positive market reception and contributes to the company's overall sales momentum, supporting both domestic performance and brand strength.

Management Commentary

Tarun Garg, Managing Director & CEO of HMIL, attributed the positive performance to favorable market conditions and product appeal. He highlighted the impact of GST 2.0 reforms in driving the company's robust growth trajectory and emphasized the success of the export strategy in reinforcing Hyundai's global manufacturing capabilities.

Inventory Management

HMIL concluded calendar year with optimized network stock levels, ensuring healthy inventory management across its dealer network. This strategic approach supports sustainable business operations and efficient supply chain management for the upcoming periods.

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.