The Federation of Automobile Dealers Associations (FADA) has published February 2026 vehicle retail data, which shows an overall YoY growth of close to 26% compared with February 2025 data. The Passenger Vehicle (PV) segment, in particular, sold a total of 3,94,768 units last month, registering a YoY growth of just over 26%. The PV MoM growth (Jan 2026 vs Feb 2026), however, shows a decline of 23%.
The two-wheeler, three-wheeler, and commercial vehicles categories show growth of 25%, over 24%, and close to 29%, respectively, thanks to the continued growth of e-commerce and quick-commerce industries.
Despite being a shorter month, the industry delivered an exceptional performance with total vehicle retails touching 24.09 lakh units, marking a strong 25.62% YoY growth and surpassing the previous best Feb 2024. The growth was broad-based across almost all segments. On a YoY basis, two-wheeler grew by 25.02%, three-wheeler by 24.39%, passenger vehicles by 26.12%, and commercial vehicles by 28.89%, reflecting healthy demand across both personal mobility as well as economic activity-driven segments. Tractors continued their strong run with a sharp 36.35% growth, emerging as the fastest-growing category during the month. With this, five out of six categories—2W, 3W, PV, CV and Tractors—registered their highest-ever February retail volumes, clearly highlighting the strength of underlying demand in the market. The only segment that did not set a fresh February record was construction equipment, which saw a marginal 1.22% YoY decline. – FADA President C S Vigneshwar
In the PV segment, MSIL continues to hold the top spot with a market share of just over 39%. Tata Motors, which was in the third position a couple of years ago, has taken Hyundai’s position, despite its new products facing reliability challenges. In two years, Hyundai has lost over 2.5% of its market share, while Mahindra has gained nearly 2% extra share. Newcomers Vinfast and BYD hold a market share of 0.10% and 0.08%, respectively.
In the two-wheeler segment, Hero and Honda dominate the market, followed by TVS and Bajaj. In the 2W EV segment, Ather Energy leads the market with a share of just over 1.2%.
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