South Korean auto major Hyundai Motor Group has announced executive appointments effective from 1st January 2026. The changes focus on the transition to software-defined vehicles (SDV) and the development of manufacturing technology.

In total, 219 executives have been promoted across the Group, comprising four Presidents, 14 Executive Vice Presidents, 25 Senior Vice-Presidents and 176 Vice Presidents. Approximately 30 percent of these promotions are within R&D and technology sectors.

Manfred Harrer has been promoted to President and Head of the R&D Division. Since joining in 2024, Harrer has managed vehicle development. His new role focuses on SDV competitiveness and development projects.

Juncheul Jung is promoted to President. Jung currently manages the Manufacturing Solutions and Procurement Divisions. His remit involves the Group's Software-Defined Factory (SDF) approach and the integration of robotics into production systems.

Yeong Il Choi becomes Executive Vice President and Head of Domestic Production. Choi also takes the role of Chief Safety Officer (CSO) for production facilities in South Korea.

The company also announced revamping leadership positions in its regional business, where it has appointed Seung Kyu Yoon as President of Kia North America Operations, Bo-Ryong Lee as President and CEO of Hyundai Steel Operations, Gang Hyun Seo as Head of Corporate Planning, Affiliate Business Optimisation, Sungwon Jee as Executive Vice-President, Hyundai Brand Marketing and Yongseok Shin as Executive Vice-President of HMG Business Intelligence Institute.

Hyundai Motor Group has internalised technologies including the 'Pleos Connect' infotainment system and 'Atria AI' for autonomous driving. Appointments in engineering include Jeonghun Seo in Battery Engineering and Duckhwan Kim in Hydrogen and Fuel Cell Engineering.

Jaehoon Chang, Vice Chair, continues to oversee the direction for mobility, hydrogen energy and robotics. Within the financial sector, Chang Hyun Cho (Hyundai Card) and Si Woo Jeon (Hyundai Commercial) have been promoted to Executive Vice-President.

"The appointments are intended to strengthen organisational resilience and expand the leadership pipeline across functions. In addition, the appointments reflect the Group’s commitment to turning global uncertainties into opportunities for renewal and growth. It will continue to advance bold leadership transformation and secure strong competitiveness in the SDV era," the company said.

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Maruti Suzuki India, the country’s largest passenger vehicle manufacturer, is seeing retail sales growth along with robust export performance.

The company is seeing rising traction across its product portfolio, including demand for hatchbacks, SUVs and CNG models, even as it operates at nearly full capacity across plants.

For February, the company clocked total sales of 214,000 units, marking its highest-ever monthly performance across domestic and export markets. Overall wholesales for the month stood at an all-time high of 264,000 units, the highest in the company’s 40-year history. Retail sales touched 150,000 lakh units, up 12 percent YoY, with channel inventory maintained at a lean 12 days, including seven days of transit stock.

Partho Banerjee, Senior Executive Officer – Marketing & Sales, Maruti Suzuki India, said “We are currently operating at close to 100 percent capacity, with a new production line commissioned in April and scaling up from May. “Despite the capacity constrain, we have delivered an all-time high retail performance and are seeing robust bookings of 190,000 units, growing at around 20 percent,” he noted.

SUV Surge Lifts Market Share

A key growth driver has been the company’s sharper focus on higher-value vehicles, particularly in the mid-SUV segment. Maruti Suzuki has doubled its monthly SUV volumes from an average of 10,000 units in FY2024-25 to around 20,000 units currently. Its market share in the SUV segment has expanded from 12.8 percent to 19 percent.

Industry passenger vehicle wholesales stood at 381,665 units in February, with expectations of 420,000–450,000 units in the coming months. While the broader industry is projected to grow 11–12 percent, Maruti Suzuki’s retail growth of 12 percent has enabled it to gain share, reaching 40.06 percent on the Vahan portal. The company said it has gained market share following the recent GST revision, despite production constraints.

To reduce waiting periods and balance demand across models, the company is calibrating production. Waiting periods for SUVs have increased by two to three days, while the WagonR continues to see over a month’s wait. Capacity additions at the Kharkhoda plant are expected to gradually add 100,000–120,000 units annually, supporting production of two to three models and easing pressure across segments.

CNG Momentum Continues

CNG models remain a strong pillar of growth. CNG penetration stood at nearly 44 percent in February and close to 40 percent for FY2026 (up to February). The company has sold 670,000 CNG vehicles so far this fiscal, reflecting 18.2 percent growth.

Banerjee highlighted the success of the S-CNG portfolio, including the Victoris under-body CNG kit, as a key contributor to this expansion.

Exports Hit Target Early

On the exports front, the company dispatched over 39,000 units in February, up 56.5 percent YoY. For FY2026 (April 2025 to February 2026) exports have crossed 400,000 units, marking 33.7 percent growth and enabling the company to achieve its full-year export target ahead of schedule.

Rahul Bharti, Executive Director – Corporate Affairs, noted that while the overall passenger vehicle industry’s exports grew around 7 percent till January, Maruti Suzuki’s exports expanded by over 30 percent, rising above 33 percent in February. The company now exports to over 100 countries.

The eVitara has emerged as a strong export performer, crossing 21,000 units across more than 39 countries, including the UK, Denmark and Germany. The company said it is dispatching one eVitara to every Nexa outlet and increasing test-drive vehicles to meet rising customer enquiries, which are running at nearly 2,000 per day.

Addressing concerns around geopolitical tensions in the Middle East, Bharti said the company’s export exposure to the region stands at around 12.5 percent in FY2026. “Our export portfolio is well diversified. We are not just increasing exports, but doing so in a broad-based manner to de-risk ourselves. We continue to monitor the situation,” he said.

For FY2026, Maruti Suzuki India remains on track to achieve total sales of 2.2 million units, including domestic sales, exports and supplies to other OEMs. Additional capacity enhancement at its Gujarat facility from July will support electric vehicle production, while the ramp-up at Kharkhoda is expected to ease supply constraints across the portfolio.

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Tata Motors Passenger Vehicles has announced its sales results for February 2026, recording total sales of 63,331 units, marking a 35 percent YoY growth, compared to the 46,811 units sold in February 2025.

Domestic passenger vehicle (PV) sales reached 62,329 units, a 34 percent rise over the 46,435 units recorded in the same month last year. International business (IB) for the segment saw the highest rate of growth, increasing by 167 percent to 1,002 units.

The total sales figures include the performance of Tata Passenger Electric Mobility. Combined domestic and international electric vehicle (EV) sales stood at 8,385 units for February 2026, which marks a 57 percent increase from the 5,343 units sold in February 2025.

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JSW MG Motor India, one of the leading passenger vehicle manufacturers, has reported its wholesales of 4,957 units in February 2026, up 24 percent YoY.

The company attributed the demand to the Internal Combustion Engine (ICE) and electric vehicle (EV) portfolio. During the period, the company introduced India’s first D+ SUV – the MG Majestor.

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Toyota Kirloskar Motor (TKM) has announced its wholesales for February 2026, recording total sales of 34,034 units. This figure represents a 20 percent increase compared to the 28,414 units sold in February 2025.

The monthly total includes 30,737 units sold in the domestic market, up 16 percent YoY and 3,297 units exported, up 65 percent YoY, rising from 2,000 units in the same month last year.

For the first two months of the 2026 calendar year (January–February), Toyota Kirloskar Motor has sold 67,914 units, an 18 percent increase over the 57,785 units recorded during the same period in 2025.

The company noted demand across its product portfolio, specifically citing the response to the ‘Tech Package’ for the Urban Cruiser Hyryder.

Sabari Manohar, Executive Vice-President, Sales-Service-Used Car Business, Toyota Kirloskar Motor, said, “Our sales performance in February 2026 reflects the continued customer trust in Toyota’s quality, reliability and ownership experience. The sustained demand across product portfolio reaffirms our unwavering focus on delivering value-driven mobility solutions aligned with customer expectations. Furthermore, the recently launched Tech Package for the Urban Cruiser Hyryder received positive customer response towards enhancing the overall in-cabin experience with advanced comfort and convenience features. We thank our customers and dealer partners for their continued confidence and support.”

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