Indian Automakers Report Robust February Sales with Export Momentum
India's leading automobile manufacturers have reported impressive growth figures for February 2026, buoyed by consistent domestic demand and a significant surge in export activities. Most major players in the industry achieved double-digit sales increases, highlighting a period of strong performance for the sector.
Maruti Suzuki Leads with Export-Driven Growth
Market leader Maruti Suzuki announced total sales of approximately 200,000 units in February 2026, representing an 11.1% increase compared to the 180,000 units sold in the same month last year. While domestic passenger vehicle sales remained nearly flat at around 161,000 units, exports experienced a remarkable jump of over 56%, reaching 39,155 units from 25,021 units in February 2025.
Partho Banerjee, senior executive officer for marketing and sales at Maruti Suzuki, commented on the company's operational status. "Overall production capacities are now operating at 100%, and our new line is expected to be commissioned by April. From May onwards, we will be able to further scale up our numbers," he stated, indicating plans for continued expansion.
Other Major Players Show Strong Performance
Hyundai Motor India emerged as the second-largest player, posting total sales of 66,134 units in February, marking a 12% year-over-year increase. Tata Motors Passenger Vehicles reported sales of 63,331 units, registering a substantial 35% rise, while Mahindra & Mahindra (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 February 2025.
Geopolitical Risks Loom Over Industry Momentum
Despite the positive sales figures, industry experts have raised concerns about potential external challenges. Gaurav Vangaal, associate director at S&P Global Mobility, noted that the strong performance in February was supported by a stable domestic environment, low inventory levels, and robust consumer demand. However, he cautioned, "The recent geopolitical conflict involving the US, Israel, and Iran has emerged as a significant risk factor that could impact future growth."
The automotive sector's reliance on exports, which showed sharp increases for companies like Maruti Suzuki, may face headwinds if global tensions escalate, affecting international trade and supply chains. Industry stakeholders are closely monitoring the situation to assess its potential impact on production and sales in the coming months.
