Car companies clock strong sales growth in February

NEW DELHI: India’s top carmakers reported healthy growth in Feb, helped by steady domestic demand and a strong push in exports, with most major players clocking double digit gains.

Market leader Maruti Suzuki reported total sales of about 2 lakh units in Feb 2026, up around 11.1% from about 1.8 lakh units in the same month last year. Domestic passenger vehicle sales stood at around 1.61 lakh units, almost flat compared to 1.6 lakh units a year ago. Exports, however, saw a sharp jump of over 56% to 39,155 units from 25,021 units, reflecting rising overseas demand.

Partho Banerjee, senior executive officer, marketing and sales, Maruti Suzuki, said, “Overall production capacities are now operating at 100% and our new line is expected to be commissioned by April, so from May onwards, we will be able to further scale up our numbers.” Hyundai Motor India posted total sales of 66,134 units in Feb, marking a 12% increase compared to last year, and emerged as the second largest player.

Gaurav Vangaal, associate director at S&P Global Mobility, said the strong run may face external headwinds. “Feb sustained strong momentum for car sales, supported by a stable domestic environment, low inventory and robust consumer demand. However, the recent geopolitical conflict involving the US, Israel and Iran has emerged as a significant risk factor.”

Tata Motors Passenger Vehicles reported sales of 63,331 units, registering a 35% rise, while M&M recorded overall sales of 63,042 units, reflecting a 19% growth. Toyota Kirloskar Motor sold 34,034 units, up 21.4% compared to Feb 2025.