M&M posts 18% YoY jump in vehicle sales for February; shares trade in red amid broader weakness

Shares of Mahindra & Mahindra traded 3% lower on Monday afternoon amid broader weakness in the market as the crisis between Iran-US and Israel escalated further on Monday. The US and Israel launched coordinated attacks on Iran over the weekend.

Investor sentiment is broadly driven by war news and the impact of the crude oil price hike on the Indian markets. The strong growth in automobile sales for February failed to uplift the sentiment amid a gloomy atmosphere. Shares of all auto majors fell over 3% despite posting strong double-digit growth in the monthly sales data for February.

Mahindra & Mahindra (M&M) has reported a 18.05% rise in its overall auto sales (including SUVs, LCVs <3.5T, LCV < 2T, 3-wheelers, and export volumes) at 97,177 units for February 2026 as compared to 82,319 units in the same month last year. Of the total, the company has posted 19% increase in domestic passenger vehicle sales at 60,018 units in February 2026, as compared to 50,420 units of passenger vehicles in February 2025.

Domestic sales of three-wheelers, including electric 3Ws, were at 9,190 units in February 2026, as compared to 6,395 units in February 2025, a growth of 44%. The domestic sales for Commercial Vehicles (LCV 2 T - 3.5 T) grew 12% at 21,416 vehicles against 19,155 vehicles in February 2025. However, the company’s domestic sales of Commercial Vehicles (LCV < 2T) decreased 4% to 3,169 units in February 2026 as compared to 3,290 units in February 2025.

Additionally, the exports of the company increased 11% to 3,384 units in February 2026 as compared to 3,059 units in February 2025.

Mahindra & Mahindra is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in automobile manufacturing. It is one of the leading auto companies of India.