Hyundai Motor India Shareholders Approve Tarun Garg as MD, CEO

• Tarun Garg's appointment as MD & CEO of Hyundai Motor India Ltd (HMIL) was approved by shareholders.
• His tenure will begin on January 1, 2026, as part of the company's succession planning.
• This move aligns with Hyundai Motor Co.'s plan to invest Rs 45,000 crore in India by FY30.
• Hyundai Capital will enter India by Q2 2026, and the luxury brand Genesis will launch by 2027.
• HMIL aims for 26 product launches by FY30, including new MPV, off-road SUV, and hybrid segments.

Why It Matters: First Indian CEO to lead Hyundai's massive India growth and investment plans.