CMV360 Weekly Wrap-Up | 02-07 March 2026: CV Sales Rise, Electric Mobility Expands, and Tractor Industry Records Strong Demand

CMV360 Weekly Wrap-Up | 2-7 March 2026 brings you the most important updates from India’s commercial vehicle, electric mobility, tractor, and agricultural sectors. This week saw strong sales momentum from leading CV manufacturers, rising adoption of electric buses and three-wheelers, and new mobility initiatives aimed at improving public transport and last-mile connectivity.

In the tractor and agriculture segment, companies reported robust sales growth driven by strong rural demand and increasing farm mechanisation, alongside new tractor launches targeting specialised farming needs. At the same time, global trade tensions and mandi price fluctuations influenced crop markets, particularly basmati exports and oilseed prices. Here’s your complete weekly roundup of key developments shaping India’s mobility and agriculture industries.

Trucks, Buses, and Three-Wheelers

Mahindra & Mahindra Ltd. Reports 17% Growth in Domestic CV & 3-Wheeler Sales in February 2026

Mahindra & Mahindra sold 33,775 commercial vehicles and three-wheelers in February 2026, recording 17% domestic growth. The three-wheeler segment surged 44%, while LCV 2T-3.5T grew 12%. Exports also increased 11% to 3,384 units. Overall, total vehicle sales reached 97,177 units, supported by rising cargo demand, logistics activity, and growing adoption of electric three-wheelers in India.

Tata Motors Records 42,940 Commercial Vehicle Sales in February 2026

​Tata Motors sold 42,940 commercial vehicles in February 2026, recording 32% year-on-year growth. Domestic sales rose 32.8% to 40,893 units, while exports increased 17.9% to 2,047 units. The HCV segment grew 37.1%, supported by strong infrastructure activity, logistics demand, and steady growth across truck and passenger carrier segments.

GreenCell Deploys 75 Electric Buses in Puducherry to Boost Zero-Emission Transport

GreenCell Mobility has deployed 75 air-conditioned electric buses in Puducherry, including 25 nine-metre and 50 twelve-metre buses, operating from Mettupalayam Bus Depot. Equipped with ITMS, passenger information systems, and real-time tracking, the project aims to improve urban connectivity and reduce emissions. The initiative is supported by Eversource Capital to strengthen sustainable public transport.

India Electric Bus Sales Report - February 2026: Switch Mobility Leads with 48.4% Market Share

India’s electric bus market grew strongly in February 2026, with 578 units sold, up from 391 in January, marking a 48% month-on-month increase. Switch Mobility led with 280 buses (48.4% share), followed by JBM Electric (151 units) and PMI Electro Mobility (83 units), reflecting rising adoption of electric buses in public transport.

E-3W Goods L5 Sales Report (February 2026): Mahindra Last Mile Mobility Leads, Green Evolve Sees Strong Growth

India’s E-3W goods L5 segment remained stable in February 2026, led by Mahindra Last Mile Mobility with 571 units. Bajaj Auto recorded 453 units with YoY growth, while Omega Seiki sold 377 units. Atul Auto and Euler Motors maintained steady demand, and Green Evolve recorded the highest YoY growth, reflecting rising adoption of electric cargo vehicles.

Electric Passenger Three-Wheeler (E-3W L5) Sales Grow in February 2026, Bajaj Auto Leads the Market

India’s electric passenger three-wheeler (E-3W L5) market grew strongly in February 2026, led by Bajaj Auto with 8,100 units, showing strong YoY and MoM growth. Mahindra Last Mile Mobility ranked second with 6,784 units, followed by TVS Motor. Despite mixed monthly trends among some brands, overall demand for electric last-mile mobility continues to rise.

FADA Retail CV Sales February 2026: 1,00,820 Units Sold, Tata Motors Retains Market Leadership

India’s commercial vehicle retail sales reached 1,00,820 units in February 2026, showing 28.89% YoY growth but a 6.2% decline from January. LCVs remained the largest segment, while the MCV and HCV segments recorded monthly growth. Tata Motors led the market, followed by Mahindra and Ashok Leyland, supported by infrastructure activity, freight demand, and logistics expansion.

Ashok Leyland Signs Sponsorship Deal with Chennai Super Kings Ahead of IPL Season

Ashok Leyland has signed a sponsorship deal with Chennai Super Kings (CSK) for the upcoming IPL season, with its logo appearing on the front right chest of the team’s jersey. Announced in Chennai, the partnership also introduced a CSK-branded fan bus for supporters and extends the Hinduja Group’s 15+ year association with the franchise.

Uber Launches Intercity Bus Ticketing in India, First Global Rollout

Uber has launched intercity bus ticket booking in India, its first global rollout of this service. Through a partnership with AbhiBus (Ixigo), users can search and book long-distance buses directly in the Uber app. The service offers 25% first-booking discounts, multiple payment options, and safety features like real-time location sharing and a 24-hour helpline.

Tractor and Agriculture

Mahindra & Mahindra Ltd. Tractor Sales Jump 35% to 32,153 Units in February 2026

Mahindra & Mahindra sold 34,133 tractors in February 2026, recording 34% year-on-year growth. Domestic sales rose 35% to 32,153 units, while exports increased 20% to 1,980 units. Strong rural demand and better farm conditions supported growth. For FY26 YTD, total tractor sales reached 4,81,368 units, reflecting 24% growth.

Sonalika February FY26 Sales Reach Record 12,890 Units

Sonalika Tractors recorded its highest-ever February sales with 12,890 units in FY26, driven by strong rural demand and supportive government policies. Improved cash flow and rising farm mechanisation encouraged farmers to invest in tractors. The company also received a positive response for its Gold Series tractors, reflecting growing interest in advanced farm equipment.

Escorts Kubota Launches Powertrac Shaurya Paddy Tractors in South India, Targets Bigger Share in Wetland Farming

Escorts Kubota has launched the Powertrac Shaurya ‘South Special’ paddy tractor series with five variants (39-52 HP) designed for wetland farming in Telangana, Andhra Pradesh, Tamil Nadu, and Karnataka. The tractors feature cassette-type sealing, 3.1 m turning radius, dual PTO options, and 1600-2000 kg hydraulic lift, improving performance and reliability in paddy fields.

Mahindra & Mahindra Ltd to Exit Japan Agri Equipment JV Amid Rising Losses

Mahindra & Mahindra will liquidate its Japanese associate, Mitsubishi Mahindra Agricultural Machinery, as part of a global farm strategy review. Production and sales are expected to stop by FY2027. Despite FY2025 revenue of ₹2,094 crore, the unit had negative net worth of ₹17.74 crore, prompting Mahindra to focus on more profitable global markets.

Iran Tensions Begin to Impact Global Trade, Raising Concerns for India’s Basmati Rice Exports

Rising tensions in Iran and the Gulf region may disrupt shipping through the Strait of Hormuz, threatening India’s basmati rice exports to the Middle East, its largest market. Exporters are advised to avoid CIF contracts due to rising freight and insurance costs. Meanwhile, basmati prices have already increased 10-15% amid growing trade uncertainty.

Weekly Mandi Bhav Report: Price Fluctuations Seen in Cereals, Pulses and Oilseeds

India’s agri markets showed mixed trends this week. Basmati bids stayed near ₹2,400/quintal, though Gulf tensions threaten exports. Rice traded at ₹3,300-₹3,500. Wheat hovered ₹2,420-₹2,450, close to MSP ₹2,325. Soybeans sold at ₹5,500-₹5,600 and mustard at ₹6,100-₹6,300. Retail edible oils remain costly-mustard oil ₹185/litre and soybean oil ₹152. Experts advise farmers to monitor mandi prices, exports, and demand to plan sales effectively.

Also Read: CMV360 Weekly Wrap-Up | 16-20 Feb 2026: PM e-Bus Rollout, Electric Bus Approvals, Ashok Leyland Expansion, Tractor Export Revival, AI Farming Push, Ladli & Budget Highlights

CMV360 Says

Overall, the week reflected strong momentum across India’s mobility and agriculture sectors. Commercial vehicle manufacturers continued to benefit from infrastructure growth and rising logistics demand, while electric mobility adoption accelerated with increasing deployment of electric buses and three-wheelers. Strategic partnerships and new mobility services also highlighted the industry’s focus on expanding connectivity and improving user convenience.

In the agriculture segment, strong tractor sales and new product launches indicated improving rural sentiment and increasing mechanisation. However, global geopolitical tensions and mandi price fluctuations showed that agricultural markets remain sensitive to external factors. As the industry moves forward, market demand, policy support, and global trade developments will continue to shape the outlook for both mobility and farming sectors in India.