February 2026 Auto Sales Surge in India
February 2026 marks a significant milestone for the Indian automotive industry, reflecting a robust growth trajectory among key players. Major automakers like Maruti Suzuki, Mahindra, and Hyundai have reported impressive sales figures, driven by factors such as a reduction in GST rates and the introduction of new vehicle models.
According to Nuvama Institutional Research, the overall auto sales in February 2026 are anticipated to grow in the teens, indicating a steady recovery in the sector. The passenger vehicle (PV) industry is projected to witness a rise of over 10% year-on-year (YoY), supported by better affordability options, innovative products, and accessible financing.
Maruti Suzuki, India's largest car manufacturer, reported a 7.13% increase in total sales, reaching 213,995 units. The company experienced a notable surge in exports, which rose by 56.48%. Despite some challenges with original equipment manufacturer (OEM) sales declining by 6.8%, the overall numbers reflect a resilient market response.
Mahindra & Mahindra also enjoyed a remarkable month, with a staggering 19% growth in sales, totaling 97,177 units. The demand for their SUVs continues to be robust, with SUV sales alone increasing by 19.03%. Additionally, the commercial vehicle sector saw a significant increase of 43.70%, showcasing the diverse needs of Indian consumers.
Hyundai Motor India Ltd. celebrated its highest-ever February sales, with a commendable 12.6% growth YoY. Domestic sales reached 52,407 units, while exports surged by an impressive 24.8%. Tarun Garg, CEO of Hyundai India, expressed optimism about sustaining this momentum into the upcoming months.
Overall, the Indian automotive market in February 2026 demonstrates resilience and growth potential, driven by favorable economic conditions and evolving consumer preferences. As more buyers return to showrooms, the future appears bright for the industry.
