Fabulous February: Car sales in green as sustained demand continues to drive growth

The carmakers witnessed strong sales in February 2026.

• Passenger vehicle wholesales rose 10-11% y-o-y in February 2026.
• Maruti Suzuki, Tata Motors, Mahindra, Hyundai, Toyota saw higher volumes.
• Maruti Suzuki had six models among the top 10, while Tata Motors had two.

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The domestic passenger vehicle (PV) wholesales rose 10-11% year-on-year (y-o-y) in February 2026, reflecting sustained demand, with Maruti Suzuki India, Tata Motors Passenger Vehicles, Mahindra & Mahindra, Hyundai Motor India and Toyota Kirloskar Motor reporting higher volumes.

Industry PV wholesales were estimated at 4,20,000-4,25,000 units, compared with 3,81,665 units in February 2025, translating into a y-o-y growth of 10.04-11.35%.

Domestic PV wholesales

Maruti Suzuki witnessed its highest-ever February PV wholesales at 1,61,000 units last month, logging a growth of 0.13% y-o-y. CNG models contributed 44% to the volumes of the company.

The carmaker had six models among the 10 largest-selling cars in India in February. Driving the volumes were the Dzire sedan, Brezza SUV, Ertiga MPV, WagonR hatchback, Swift hatchback and Baleno hatchback.

During Maruti Suzuki's monthly sales briefing, the company's Senior Executive Officer for Marketing and Sales, Partho Banerjee, said: "Our production capacity is operating at 100%. Our new line is expected to be commissioned by April. From May onwards, we will be further able to scale our numbers."

"Our network stock now is just 12 days, out of which seven days are in transit. We are having a very low network stock," he added. The company currently has 1,90,000 pending bookings.

Maruti Suzuki has also strengthened its SUV portfolio with the launch of the Victoris, a mid-size model competing against the likes of the Hyundai Creta, Tata Sierra and Kia Seltos. The company already had a similarly sized model in the form of the Grand Vitara SUV.

"We have doubled our sales in the mid-size SUV segment. Last year, we were doing 10,000 units a month. This year, we are doing over 20,000 units a month. As a result, our share in the mid-size SUV segment has gone up from 12.8% to 19%," Banerjee said.

Buoyed by the performance of the Nexon SUV and the Punch SUV, Tata Motors' PV volumes jumped 34.23% y-o-y to 62,329 units in February. For reference, the Nexon SUV was the largest-selling PV in India in February, while the Punch SUV was the third best-selling model.

Mahindra's strong run continued as its PV volumes climbed 19.04% y-o-y to 60,018 units in February. During the month, the company's Scorpio SUV was among the 10 top-selling cars in India.

"February saw SUV sales of 60,018 units, a growth of 19.04% y-o-y reflecting robust customer demand across the portfolio," said Nalinikanth Gollagunta, CEO, Automotive Division, Mahindra.

Hyundai also registered its highest-ever February wholesales at 52,407 units last month at a growth of 9.81% y-o-y. Like always, the volumes were driven by the Creta SUV, which was among the 10 largest-selling cars in India.

Toyota's domestic PV wholesales rose 16.37% y-o-y to 30,737 units in February.