SIAM Data: Auto sales hit record February high in 2026; check segment-wise numbers

SIAM Feb Data 2026: India’s automobile industry reported its strongest-ever February wholesales in 2026, with passenger vehicles, two-wheelers and three-wheelers posting double-digit growth compared with the year-ago period, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Friday.

Passenger vehicle wholesales at 4.18 lakh units

Passenger vehicle wholesales stood at 4.18 lakh units in February 2026, registering a 10.6 per cent increase compared with February 2025.

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Two-wheelers record 35.2 per cent growth

Two-wheeler wholesales rose 35.2 per cent year-on-year to 18.71 lakh units during the month.

Three-wheeler sales up 29 per cent

Three-wheeler wholesales increased 29 per cent year-on-year to 0.75 lakh units in February 2026, according to SIAM data.

The industry body releases monthly wholesale data based on vehicle dispatches from manufacturers to dealers.

Segment-wise performance

Within the passenger vehicle category, vans posted modest growth. Domestic sales rose 1.1 per cent to 11,620 units in February, compared with 11,493 units in the same month last year.

Motorcycle sales increased 30.8 per cent to 10,96,537 units, up from 8,38,250 units a year earlier.

Scooter demand surged even faster. Sales climbed 42.3 per cent to 7,29,774 units, compared with 5,12,783 units in February 2025.

Commenting on the trend, Rajesh Menon said positive sentiment continues across the industry.

“Passenger vehicles, two-wheelers and three-wheelers posted their highest-ever February sales in 2026, with double-digit growth compared to February 2025,” he said.

However, Menon cautioned that geopolitical tensions in West Asia could pose risks. The ongoing conflict may affect supply chains, potentially impacting manufacturing operations and exports in the coming months.

SIAM Auto Sales Data – February 2026 (Wholesale)

Source: Society of Indian Automobile Manufacturers (SIAM)

Retail sales also surge

Retail vehicle sales also showed strong momentum in February, according to data released earlier by the Federation of Automobile Dealers Associations (FADA).

Overall automobile retail sales rose 25.62 per cent year-on-year to 24,09,362 units, marking a record for the month.

Growth was led by most segments:

• Two-wheelers: 17,00,505 units, up 25.02 per cent
• Passenger vehicles: 3,94,768 units, up 26.12 per cent
• Commercial vehicles: 1,00,820 units, up 28.89 per cent
• Three-wheelers: 1,17,130 units, up 24.39 per cent
• Tractors: 89,418 units, up 36.35 per cent

The construction equipment segment was the only category to decline, slipping 1.22 per cent to 6,721 units.

FADA Auto Retail Sales – February 2026

Source: Federation of Automobile Dealers Associations (FADA)

Inventory levels improve

FADA said passenger vehicle inventory levels declined to 27–29 days, moving closer to the industry’s recommended 21-day benchmark, indicating improved alignment between wholesale dispatches and retail demand.

The association noted that strong retail performance continued despite February being a shorter month.

Market shifting to stable growth phase

According to FADA, the auto retail market is gradually transitioning from a sharp rebound phase to a more stable growth cycle.

C S Vigneshwar said February 2026 turned out to be a landmark month for the sector.

“Retail growth has been broad-based across almost all segments, strengthening the positive momentum seen after the GST 2.0 announcement,” he said.

FADA added that while the next three months appear cautiously optimistic, industry expectations suggest the market may move towards more stable and calibrated growth rather than the rapid rebound seen earlier.

Electric vehicle sales rise

Electric passenger vehicle retail sales also recorded strong annual growth. EV PV sales increased 44 per cent year-on-year to 13,733 units in February, though they declined 25.65 per cent month-on-month from 18,470 units in January, reflecting a typical post-January slowdown.

Among manufacturers:

• Tata Motors remained the market leader with 5,568 units, up 38.51 per cent YoY.
• JSW MG Motor India sold 3,312 units, down 5.10 per cent YoY.
• Mahindra & Mahindra recorded the fastest growth, with sales jumping to 2,913 units from 508 units a year earlier.
• Other players included BYD, Hyundai Motor India, Kia India and VinFast.

FADA said the month-on-month softness in EV sales reflects the shorter February and a high January base, and does not change the long-term trajectory of India’s electric mobility transition.