Hyundai hires Indian CEO, $5B India plan

  Published 8 months ago

Hyundai appoints Tarun Garg CEO, invests $5 billion in India, targeting growth and R&D by 2030.

  • Garg succeeds Unsoo Kim in January 2026, becoming the first Indian CEO of Hyundai Motor India.
  • Hyundai plans 450 billion rupees investment by 2030, allocating 60% to R&D, the rest to expansion overall.
  • Company targets 11‑14% core earnings margins 2026‑2030, expecting 7% CAGR domestic sales over the next five.

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