Hyundai Motor India Ltd. has announced the appointment of Tarun Garg as the new Managing Director and Chief Executive Officer, effective January 1, 2026. This decision was made during a board meeting on October 30, 2025, and is part of the company's strategy to strengthen its leadership. The announcement was communicated to the National Stock Exchange of India (NSE) and BSE Limited on November 11, 2025, as part of the regulatory requirements set by the Securities and Exchange Board of India (SEBI).

To formalize this appointment, Hyundai Motor India will conduct a postal ballot to seek approval from its members. The remote e-voting process will open on November 12, 2025, and close on December 11, 2025, with the results expected to be declared by December 15, 2025. The postal ballot notice is electronically sent to shareholders registered with KFin Technologies Limited, the company's registrar, and will not involve physical copies, in compliance with the Ministry of Corporate Affairs' guidelines.

Tarun Garg's term as CEO will last until August 31, 2028, and he will be subject to retirement by rotation. The approval process is crucial as it reflects the members' confidence in the new leadership. The company’s board has authorized the ability to modify the terms of Garg's appointment as needed, ensuring flexibility in governance. This leadership change is poised to guide Hyundai Motor India as it navigates the evolving automotive landscape in India.