Hyundai Motor India Shareholders Approve Tarun Garg as MD & CEO with 99.75% Votes

Hyundai Motor India Limited (HMIL) shareholders have overwhelmingly approved the appointment of Mr. Tarun Garg as Managing Director and Chief Executive Officer through a postal ballot process. The resolution received strong support with 99.75% of votes cast in favor, demonstrating significant shareholder confidence in the proposed leadership change.

Voting Results and Approval

The postal ballot results, declared on December 15, were conducted by scrutinizer K J Chandra Mouli from BP Associates, Company Secretaries. The voting process was managed through remote e-voting facilitated by National Securities Depository Limited (NSDL).

Voting Details	Numbers	Percentage
Votes in Favor	76,28,41,211	99.75%
Votes Against	19,30,035	0.25%
Total Valid Votes	76,47,71,246	100.00%
Total Shareholders on Record	8,40,561	-

Appointment Details

The approved appointment carries specific terms and conditions that were outlined in the original postal ballot notice:

Particulars	Details
Effective Date	January 1, 2026
Term Duration	Until August 31, 2028
Maximum Monthly Remuneration	₹1.62 crores (including performance incentives)
Voting Period	November 12 to December 11, 2025
Cut-off Date	November 7, 2025

About Tarun Garg

Mr. Tarun Garg brings extensive automotive industry experience to his new role. He holds a Mechanical Engineering degree from Delhi Technological University and an MBA from IIM Lucknow. His professional background includes a distinguished career at Maruti Suzuki India Limited, where he served as Executive Director of Marketing, Logistics, Parts and Accessories.

Professional Expertise and Strategic Focus

Mr. Garg's expertise encompasses several key areas critical to Hyundai Motor India's growth strategy:

Market and industry dynamics analysis
Wholesale and retail sales strategies
Premium channel development initiatives
Digital marketing and customer engagement
Business expansion into rural markets and used car segments
Technological advancement implementation, including Advanced Driver Assistance Systems (ADAS) across nine models

Corporate Governance Process

The postal ballot process was conducted in accordance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resolution was deemed passed on December 11, 2025, being the last date of e-voting, with results formally declared on December 15, 2025.

Hyundai Motor India Limited views this appointment as a strategic initiative to drive transformative and sustainable growth, leveraging innovation and strengthening market presence in India's competitive automotive sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.29%	+0.94%	+0.15%	+11.42%	+30.74%	+26.84%

Hyundai Motor India Limited (HMIL) has made a significant move in the compact SUV segment with the global debut of its all-new Hyundai VENUE and VENUE N Line models. This launch marks the beginning of Hyundai's plan to introduce 26 new products by 2030, showcasing the company's commitment to the Indian market.

Key Highlights of the Launch

Starting Price: The all-new Hyundai VENUE is priced from ₹7,89,900 (ex-showroom).
Enhanced Dimensions: The new VENUE is 48mm taller and 30mm wider than its predecessor, with a wheelbase of 2520mm.
Advanced Technology: Introduction of Hyundai's Connected Car Navigation Cockpit (ccNC) system, accelerated by NVIDIA.
Safety Features: Over 65 advanced safety features, including 33 standard safety features across all variants.
Manufacturing: Exclusively produced in India for global markets at Hyundai's Pune manufacturing plant.

Technological Advancements

The all-new VENUE and VENUE N Line are equipped with cutting-edge technology, including:

Dual 12.3-inch curved panoramic displays
Up to 20 controllers capable of Over-the-Air (OTA) vehicle updates
Hyundai SmartSense ADAS Level 2 with 16 intelligent features (for VENUE N Line)

Performance and Powertrain Options

Hyundai offers a range of powertrain options to cater to diverse driving preferences:

Engine Type	Displacement	Max Power	Max Torque	Transmission Options
Kappa 1.2 l MPi Petrol	1197 cc	83 PS @ 6000 rpm	114.7 Nm @ 4200 rpm	5-speed manual
Kappa 1.0 l Turbo GDi Petrol	998 cc	120 PS @ 6000 rpm	172 Nm @ 1500-4000 rpm	6-speed manual, 7-speed DCT
U2 1.5 l CRDi Diesel	1493 cc	116 PS @ 4000 rpm	250 Nm @ 1500-2750 rpm	6-speed manual, 6-speed automatic

VENUE N Line: Sportier Variant

The VENUE N Line offers:

32 exclusive upgrades over the standard VENUE
Sporty design elements including N Line-exclusive bumpers, dark chrome radiator grille, and red highlights
Enhanced performance features such as paddle shifters and disc brakes with red calipers

Investment and Future Plans

Mr. Unsoo Kim, Managing Director of HMIL, announced an investment of over ₹45,000 crores, reaffirming Hyundai's long-term commitment to the Indian market. This launch is part of Hyundai's strategy to introduce 26 new products by 2030, strengthening its position in the Indian automotive sector.

Market Impact

The launch of the all-new VENUE and VENUE N Line is expected to intensify competition in the compact SUV segment. With its advanced features, varied powertrain options, and competitive pricing, Hyundai aims to maintain its strong position in the Indian market, where the VENUE has already sold over 7 lakh units since its 2019 debut.

As the automotive industry continues to evolve, Hyundai's focus on technology, safety, and performance in these new models demonstrates its commitment to meeting changing consumer demands and maintaining its competitive edge in the rapidly growing Indian SUV market.