Hundai Motor India Limited announced on Monday that its shareholders have approved the appointment of Tarun Garg as the company’s Managing Director (MD) and Chief Executive Officer (CEO). His appointment will be effective from January 1, 2026.

The company informed the stock exchange that the ordinary resolution approving Garg’s appointment was passed through e-voting, with 99.75 percent of votes cast in his favor.

The Board of Directors of Hundai Motor India Limited had approved in October of this year, under a succession plan, to appoint the company’s Chief Operating Officer, Tarun Garg, as Managing Director and Chief Executive Officer effective January 1, 2026.

This move is part of a strategy to further strengthen the presence of the parent company, Hundai Motor, in India. It involves an investment of 45,000 crore rupees by the financial year 2029-30 and marks the first time an Indian national has been entrusted to lead the company’s operations in the country.

Hundai Motor India Limited

Hundai Motor India Limited (HMIL) is the Indian subsidiary of the South Korean Hyundai Motor Company, established in 1996. It began operations with its first manufacturing plant in Chennai, Tamil Nadu, which became a major production hub for both the domestic market and exports. Today, it is one of India’s leading automobile manufacturers, known for popular models like the Santro and Creta.