Hyundai Motor India lays out growth targets on investor day, elevates Tarun Garg as MD & CEO

Shares of Hyundai Motor India Ltd. are currently little changed on Wednesday, October 15, after the company said it plans to invest ₹45,000 crore by the financial year 2030. The company made these remarks ahead of its investor day, which is currently underway.

The automaker said it is planning 26 launches by FY30, including seven new products. It will also launch a multi-purpose vehicle (MPV) and off-road sports utility vehicles (SUVs), its investor presentation shared with the exchanges said.

Hyundai said it would launch India's first, locally-manufactured dedicated electric SUV by 2027. The automaker is targeting over 15% domestic market share.

It also said it would launch the luxury segment brand 'Genesis' in India by 2027.

Hyundai Motor has reinforced its position as a key export hub as it targets up to 30% export contribution by 2030.

The company is targeting revenue to be 1.5x the current levels, thereby crossing the ₹1 lakh crore milestone by financial year 2030. It also maintained its double-digit EBITDA margin guidance.

It also announced that the annual dividend payout will range between 20% to 40% of free cash flow for the year.

Here's a roundup of the company's guidance and growth plans:

Key Parameter	Target / Outlook
Total investment (by 2030)	₹45,000 crore
Revenue growth (by 2030)	1.5x increase
Operating margin (by 2030)	11% - 14%
Dividend Payout	20% - 40%
Local production capacity (by 2028)	1.1 million units
Total launches (by 2030)	26 new models
UV sales contribution (by FY30)	80%+
New segment entries	MPV and off-roader
Eco-friendly sales mix (by FY30)	50%+
Domestic market share target	15%
Exports (by 2030)	30% of total sales
Hybrid models (by 2030)	8 models across multiple segments
Rural expansion focus	7 of 10 new expansions in rural markets

Board approves appointment of new MD and CEO

The company also informed the stock exchanges that whole-time director Tarun Garg will take over as the managing director (MD) and chief executive officer (CEO), with effect from January 1, 2026.

Garg will succeed current MD Unsoo Kim, who will return to South Korea to a strategic role at the parent firm Hyundai Motor Company, from the closing of business hours on December 31, 2025, the exchange filing stated.

Garg's appointment approval is subject to shareholders, and in the intervening period, he will be the MD and CEO-designate.

Garg completed his mechanical engineering from Delhi Technological University. He also holds an MBA from the Indian Institute of Management (IIM) Lucknow.

Prior to Hyundai Motor India, Garg worked with Maruti Suzuki India Ltd., where he started as a management trainee, then went on to hold positions of regional sales manager, commercial business head, national sales and network head and ultimately executive director of marketing, logistics, parts and accessories.

Shares of Hyundai Motor India Ltd. are currently trading 0.2% lower at ₹2,408 apiece. The stock has declined 5.9% in the past month but has gained 45% in the last six months.

With inputs from Sudarshan Kumar

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