M&M pips Hyundai in Feb to be 2nd-largest carmaker

Mahindra's rise to 2nd spot in domestic mkt fuelled by demand for SUVs

- ARSHAD KHAN @ New Delhi

IN a significant shift in the Indian automotive market, Mahindra & Mahindra (M&M) surpassed Hyundai Motor India (HMIL) in February 2025 to become the second-largest carmaker in the domestic market, according to monthly wholesales data reported by original equipment manufacturers (OEMs).

M&M's domestic wholesales for February stood at 50,420 units, marking a 19% year-on-year (YoY) growth. In contrast, Hyundai's domestic sales dropped by 4% YoY to 47,727 units. However, including exports, Hyundai retained its position as the second-largest carmaker from India, with total February sales (domestic and exports) reaching 58,727 units compared to Mahindra's 52,386 units. Tata Motors secured the fourth position with domestic sales of 46,435 units, reflecting a 9% YoY decline.