Hyundai Motor India shares jump 1.5% as Creta maker gets new MD-CEO | DETAILS of why this appointment marks new chapter

Shares of the recently listed South Korean auto giant Hyundai Motor India Ltd (HMIL) gained over 1 per cent on Wednesday following multiple announcements, including a top-level management reshuffle and a massive investment plan of Rs 45,000 crore by FY30.

The largecap auto stock rose as much as 1.55 per cent, hitting an intra-day high of Rs 2,449 apiece on the BSE. Around 11 am, the stock was trading 1.38 per cent higher at Rs 2,444.70.

Why is Hyundai Motor India stock rising today?

Investor sentiment turned positive after the automaker announced that Tarun Garg, its current Whole-Time Director, has been elevated to Managing Director and Chief Executive Officer (MD & CEO). Garg will be the first Indian to head HMIL’s operations since the South Korean automaker entered India in 1996 with the launch of its iconic Santro model.

He will take over from Unsoo Kim , the outgoing MD, who will return to South Korea to assume a strategic role at Hyundai Motor Company, effective December 31, 2025. In the interim, Garg will serve as MD & CEO designate, subject to shareholder approval.

In its exchange filing, the company said, “The board approved the succession plan for the managing director of the company. Unsoo Kim, current Managing Director, is returning to South Korea to a strategic role at Hyundai Motor Company on December 31, 2025… Tarun Garg, presently serving as Whole-time Director of the Company, will succeed him with effect from January 01, 2026.”

Major investment plans

Alongside the leadership change, HMIL also announced a Rs 45,000 crore investment plan in India through FY26–FY30. The proposed investment aims to expand manufacturing capacity, strengthen localisation, and ramp up research and development (R&D) efforts, further deepening Hyundai’s presence in the Indian market.

Hyundai Motor India stock vs BSE Sensex: Past performance

Hyundai Motor India made its market debut in October 2024 and has since delivered positive returns, with shares currently up 24 per cent against its IPO price of Rs 1,960 apiece.

In 2025 so far, the stock has risen 5 per cent, gaining nearly 19 per cent over the past six months and about 3.5 per cent in the last month.

About Tarun Garg

A Mechanical Engineer from Delhi Technological University (formerly Delhi College of Engineering) and an MBA from IIM Lucknow, Garg brings a wealth of experience to the role. Before joining Hyundai Motor India, he spent nearly two decades at Maruti Suzuki India Limited, where he began as a Management Trainee and rose through the ranks to become Executive Director of Marketing, Logistics, Parts, and Accessories. His prior roles spanned sales, logistics, and network management, underscoring his deep understanding of the Indian automotive ecosystem.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

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