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

Key Highlights

• 33,775 domestic CV & 3W units sold in February 2026.

• 17% year-on-year domestic growth.

• 44% growth in the three-wheeler segment.

• 11% rise in export sales.

• Total vehicle sales at 97,177 units.

Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s leading automotive manufacturers, has announced its commercial vehicle (CV) and three-wheeler (3W) sales results for February 2026. The company recorded strong domestic growth supported by rising demand in higher-tonnage LCVs and a sharp increase in three-wheeler sales.

Also Read: Mahindra Records 37,222 Domestic CV & 3-Wheeler Sales in January 2026, Reports 23% Growth

Strong Domestic Sales Performance in February 2026

Mahindra’s domestic CV and three-wheeler sales reached 33,775 units in February 2026, compared to 28,840 units in February 2025, marking a 17% year-on-year growth. The increase reflects stable cargo movement, logistics demand, and higher adoption of electric three-wheelers.

Domestic Sales Summary - February 2026

Segment-Wise Performance

LCV < 2 Tonnes

The LCV under 2 tonnes segment recorded 3,169 units in February 2026 compared to 3,290 units last year, showing a 4% decline. This slight drop indicates moderated demand in entry-level last-mile delivery vehicles.

LCV 2T - 3.5T

The 2T-3.5T LCV segment delivered steady growth with 21,416 units sold, up from 19,155 units, registering 12% growth. Higher demand for cargo transportation and efficient logistics vehicles supported this performance.

3-Wheelers (Including Electric 3Ws)

The three-wheeler segment saw strong momentum, selling 9,190 units compared to 6,395 units last year. This represents a significant 44% growth, mainly driven by increased adoption of electric three-wheelers for passenger and cargo mobility.

Export Sales Performance - February 2026

Mahindra’s exports also showed positive growth during the month.

Export Sales

The company recorded 11% growth in exports, reflecting stable recovery in international markets.

Overall Vehicle Sales

Mahindra’s total vehicle sales in February 2026 stood at 97,177 units, including SUVs, LCVs (below 3.5T), three-wheelers, and export volumes.

• Above UV sales include sales made by subsidiary company Mahindra Electric Automobile Limited.

• Above sales also include sales made by subsidiary company Mahindra Last Mile Mobility Limited.

• Sales figures include Bolero Maxx PUP HD 1.9 and HD 2.0 models.

Also Read: Tata Motors Signs MoU with V.O. Chidambaranar Port to Deploy 40 Hydrogen Trucks at Tuticorin

CMV360 Says

Mahindra’s February 2026 performance highlights steady growth in India’s commercial mobility sector. With 17% domestic growth and strong 44% expansion in the three-wheeler segment, the company continues to benefit from rising cargo demand and electric vehicle adoption. Export growth of 11% further supports its global presence. Overall, Mahindra’s balanced performance across segments reflects stable market demand and strengthening momentum in commercial transportation.