Mahindra & Mahindra Sales February 2026: 1,23,922 Units, +32.0% YoY

Mahindra & Mahindra registered 1,23,922 vehicles in India in February 2026. Volume climbed sharply 32.0% against February 2025 and dropped 16.5% against January. Its best month on record remains January 2026 at 1,48,407.

Of those, 55,608 were cars and UVs (44.9% of the total), +34.3% on February 2025. That figure is exact: it is counted with Vahan's own vehicle-class filter rather than worked out from the company total.

That put Mahindra & Mahindra 6th among every manufacturer registering vehicles in India in February 2026, behind Maruti Suzuki on 1,66,467 and ahead of Suzuki 2W on 99,711.

Measured against every vehicle registered in India that month — all segments, all fuels — that is 4.9% of the market, +0.20pp against February 2025.

Across 2026 to date — the 2 months of the year that have closed — the company has registered 2,72,329 vehicles, +24.9% on the same months of 2025.

Vahan files Mahindra & Mahindra as 4 separate manufacturers, so the headline above is their sum. Mahindra is the largest of them in February 2026 at 82,158 registrations, 66.3% of the group total.

46.6% of everything Mahindra & Mahindra has registered in 2026 is in cars and UVs, and the company holds 14.1% of that segment nationally. Tractors is next at 31.0%.

This split is the calendar year to date and cannot be cut to a single month: our Vahan data holds a manufacturer's volume by month, and its volume by vehicle class, but not the two together. Multiplying them would be a guess, so the table stays on the axis where the number is exact.

5.4% of Mahindra & Mahindra's 2026 registrations are battery electric — 69,894 vehicles, against 2.6% in 2025.

Fuel, like segment, is published against the manufacturer for the whole year rather than by month, so these shares are 2026 to date. Hybrids are counted separately from battery electrics.

Ranked on total registrations across every vehicle type, which is the finest manufacturer split our Vahan data holds with a month axis. Two-wheeler makers therefore sit above carmakers selling far more value — this is a count of vehicles, not of revenue.

The last 15 months on record. The year-on-year column compares each month against the same month a year earlier; the running month is left without one.