The Indian automotive industry demonstrated powerful momentum in February 2026, recording robust double-digit growth in wholesale volumes across nearly all segments.

According to a research report by Aditya Birla Capital, the surge was driven by sustained consumer demand, a positive response to recent GST rate cuts, and a flurry of new model launches.

The commercial vehicle (CV) and two-wheeler (2W) segments emerged as the month's top performers, outstripping other categories with significant year-on-year (YoY) gains.

Passenger vehicles (PV) and the tractor industry also maintained steady upward trajectories, bolstered by a policy environment favoring manufacturing and consumption.

In the passenger vehicle arena, Tata Motors led the pack with a staggering 35 percent YoY growth. Other major players also saw healthy climbs, with Mahindra & Mahindra (M&M) rising by 19 percent and Hyundai by 13 percent.

Maruti Suzuki, the country's largest carmaker, recorded a more conservative 7 percent growth during the same period.

In the commercial vehicle space, most major manufacturers reported growth exceeding 20 percent YoY, indicating strong industrial and logistical activity.

The two-wheeler market saw a massive resurgence, headed by Hero MotoCorp Limited (HMCL) with a 44 percent jump in volumes.

TVS Motor Company and Bajaj Auto followed with robust growth of 30 percent and 27 percent, respectively, while Royal Enfield saw an 11 percent increase.

A significant highlight of the report was the rapid penetration of electric vehicles (EVs). The sector is benefiting from improved affordability, government incentives, and a reduction in import duties.

To further cement this transition, auto companies are aggressively expanding charging infrastructure and introducing innovative schemes to support EV resale values.

The report concludes that this combination of traditional demand and a modernizing EV ecosystem is positioning the Indian auto industry for long-term expansion.

Source: ANI