India’s passenger vehicle market continued steady year-on-year growth in February 2026, with the top six carmakers collectively registering 3,94,011 units. This represents a growth of 10.43% year-on-year compared to 3,56,813 units sold in February 2025. However, on a month-on-month basis, sales declined by 7.42% compared to January 2026, reflecting a general improvement in volumes since January.
Maruti ahead, Tata and Mahindra registered strong gains
Maruti Suzuki retained its dominant position with sales of 1,61,000 units in February 2026. While volumes remained largely flat year-on-year (+0.13%), the brand continues to maintain a substantial lead over competitors. However, MoM sales declined by 7.75% compared to January.
Tata Motors emerged as one of the strongest gainers, selling 62,239 units – a strong growth of 34.03% year-on-year, the highest among the top six. Mahindra recorded a healthy growth of 19.04% with 60,018 units, driven by continued demand for its SUV portfolio.
Hyundai, Toyota and Kia maintained momentum
Hyundai Motor India reported domestic sales of 52,407 units, a growth of 9.81% year-on-year. While volumes declined by 11.34% MoM, the brand maintained its fourth position in the market. Toyota Kirloskar Motor reported sales of 30,737 units in February 2026, a growth of 16.37% year-on-year. Notably, Toyota was one of the few brands to show marginal MoM growth (+0.35%), indicating steady demand momentum.
Kia India reported 10.33% year-on-year growth at 27,610 units in the month. MoM volumes remained almost flat, reflecting stable demand across its SUV and MPV lineup.
market overview
The top six OEMs together contributed around 3.94 lakh units in February 2026. While YoY growth remains healthy, the decline in MoM across most brands indicates a cooling effect after strong January dispatches.
SUV-led portfolios are driving growth for Tata, Mahindra, Hyundai, Toyota and Kia, while Maruti maintains volume leadership through its diverse product range spanning hatchbacks, sedans and SUVs. As the financial year nears its end, March performance will be crucial in determining the final FY26 position in the passenger vehicle segment.