Mahindra Feb 2026 CV and 3W Sales Jump 17% to 33,775 Units

Mahindra & Mahindra has announced its commercial vehicle and three-wheeler sales performance for February 2026. The company recorded 17% year-on-year growth in domestic sales. Total sales stood at 33,775 units compared to 28,840 units in February 2025. Sustained demand in cargo mobility and rising adoption of electric three-wheelers drove the performance.

SCV Under 2 Tonne Segment Declines Slightly

The SCV (Small Commercial Vehicle) under 2 tonne segment recorded a marginal 4% decline. Sales stood at 3,169 units in February 2026 compared to 3,290 units in February 2025. The dip indicates moderated demand in entry-level last-mile delivery applications during the month.

Mahindra SCV 2T–3.5T Segment Grows

The SCV 2 tonne to 3.5 tonne category posted 12% growth. Mahindra sold 21,416 units in February 2026, up from 19,155 units in the same period last year. Demand for higher payload cargo vehicles and efficient logistics operations continued to support this segment's performance.

Three-Wheeler Segment Surges

The three-wheeler segment delivered strong growth of 44%. Sales reached 9,190 units in February 2026 compared to 6,395 units in February 2025. Increased adoption of electric three-wheelers for passenger and cargo mobility significantly contributed to the segment's expansion.

Also Read : Tata Motors Feb 2026 CV Sales Jump 32% to 42,940 Units

Exports Grow 11% to 3,384 Units

Mahindra's export sales showed positive momentum in February 2026. The company exported 3,384 units compared to 3,059 units in February 2025. This represents an 11% year-on-year growth, reflecting stable demand recovery in key international markets.

Overall Performance Highlights Growth Momentum

Mahindra's February 2026 performance highlights stable domestic demand supported by growth in higher-tonnage SCVs and strong expansion in the three-wheeler segment. With 17% growth in domestic CV and 3W sales and an 11% rise in exports, Mahindra continues to strengthen its presence in India's commercial mobility sector.

Also Read : Ashok Leyland February 2026 Commercial Vehicle Sales Report