Commercial Vehicles
🚚 MARKET INTELLIGENCE

Fast Lane Automotive Market Pulse

February 2026 | Commercial Vehicle Industry Intelligence

Key Highlights

🚚
77076
Total CV Sales
vs 72979 prev
📈
▲ +5.6%
MoM Growth
🚛
65925
Truck Sales
▲ +6.0% MoM
🚌
11151
Bus Sales
▲ +3.3% MoM

6-Month Sales Trend

0
0
77889
66413
72979
77076
Sep 2025 Oct 2025 Nov 2025 Dec 2025 Jan 2026 Feb 2026

Market Overview

Segment February 2026 Prev Month MoM
🚚 BUS 11151 10794 +3.3%
🚚 LCV 29277 29321 -0.2%
🚚 MHCV 28551 25328 +12.7%
🚚 SCV 8097 7536 +7.4%
Total 77076 72979 +5.6%

Segment Analysis

🚚
BUS
11151
units
▲+3.3%
🚚
LCV
29277
units
▼-0.2%
🚚
MHCV
28551
units
▲+12.7%
🚚
SCV
8097
units
▲+7.4%

OEM Performance

1
 Tata
40.9%
+5.6%
31490 units sold
2
 AL
27.3%
+11.3%
21004 units sold
3
 Mahindra
12.1%
-8.5%
9318 units sold
4
 Eicher
10.4%
+10.8%
8031 units sold
5
 BBenz
4.4%
+4.7%
3428 units sold
6
 SML
2.9%
+3.7%
2202 units sold
7
 Force
2.1%
+11.6%
1603 units sold

📊 OEM 6-Month Trend

OEM Sep 2025 Oct 2025 Nov 2025 Dec 2025 Jan 2026 Feb 2026
Tata 0 0 32859 27833 29832 31490
AL 0 0 20145 16624 18877 21004
Mahindra 0 0 8052 8506 10187 9318
Eicher 0 0 8491 6655 7248 8031
BBenz 0 0 4266 3675 3275 3428

State-wise Performance

Uttar Pradesh
10520
-95.8%
Maharashtra
9757
-95.8%
Gujarat
7542
-95.8%
Tamil Nadu
6773
-95.8%
Rajasthan
6051
-95.8%
Karnataka
5293
-95.8%
Madhya Pradesh
4496
-95.8%
Andhra Pradesh
3754
-95.8%
West Bengal
3711
-95.9%
Telangana
2977
-95.9%

Dealer Intelligence

Dealer Location Sales Growth
City Motors Hub (SML) Gujarat 200 +33.3%
Krishna Motors (Mahindra) Maharashtra 198 +28.6%
Eagle Motors (Tata) Gujarat 195 +16.1%
Sai Motors (SML) Karnataka 194 +31.1%
Vijay Motors (SML) Tamil Nadu 194 -1.5%
Krishna Motors (AL) Maharashtra 194 +3.7%
Pioneer Motors (BBenz) Maharashtra 192 +152.6%
Prime Motors (SML) Gujarat 191 +165.3%
National Motors (Tata) Karnataka 190 +167.6%
National Motors (SML) Karnataka 188 +235.7%

Market Trends

E-rickshaw transformation
Electric three-wheelers now dominate new registrations in major cities.
★★★★★ Impact: 10/10
Government infrastructure push
National Highway construction activity boosted tipper and MHCV demand.
★★★★★ Impact: 10/10
SUV dominance continues
SUVs now account for over 45% of passenger car sales driven by customer preference.
★★★★★ Impact: 9/10
E-commerce driving LCV demand
Last-mile logistics growth continues to fuel demand for light commercial vehicles.
★★★★★ Impact: 8/10
Electric LCV adoption accelerating
Electric small commercial vehicles saw growing adoption in metro cities.
★★★★★ Impact: 8/10
Premium motorcycle growth
Premium motorcycles (>150cc) showing strong growth momentum.
★★★★★ Impact: 8/10
Tech adoption in farming
GPS-enabled and precision farming tractors seeing increased demand.
★★★★★ Impact: 8/10
Improved agri-credit
Better credit availability supporting tractor purchases in key states.
★★★★★ Impact: 8/10
Safety features driving upgrades
Mandatory safety norms driving replacement demand in entry segments.
★★★★★ Impact: 7/10
Electric scooter boom
Electric scooters witnessing rapid adoption in urban markets.
★★★★★ Impact: 7/10
CNG adoption in goods segment
CNG three-wheelers gaining share in goods transportation segment.
★★★★★ Impact: 7/10
Rural demand recovery
Two-wheeler demand in rural markets showing signs of recovery.
★★★★★ Impact: 7/10
Aggregator-driven demand
Ride-hailing platforms driving organized fleet demand.
★★★★★ Impact: 6/10
EV adoption in premium segment
Electric vehicles gaining traction in premium segment with new launches.
★★★★★ Impact: 6/10
Export market growth
Tractor exports to Africa and ASEAN showing strong growth.
★★★★★ Impact: 6/10

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Fast Lane Automotive Market Intelligence | February 2026

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