Tata, Mahindra, Hyundai: Which Automaker reported highest sales in month of January?

Synopsis: The January 2026 Auto Sales states that several auto companies have witnessed a clear growth in number of units sold for the month, with companies like Eicher Motors Ltd, TVS Motor, Mahindra & Mahindra and Tata Motors PV seeing a unit sales growth of upto 47 percent.

The Indian auto industry delivered a strong performance in January 2026, driven by robust demand across passenger vehicles, two-wheelers, tractors, and commercial vehicles. Improved rural sentiment, steady exports, and continued preference for SUVs and utility vehicles supported higher sales volumes and positive investor sentiment across major automobile stocks.

Auto stocks such as Escorts Kubota, SML Mahindra, Tata Motors PV, Eicher Motors, TVS Motor, Mahindra & Mahindra, and Hyundai Motor India posted solid gains following healthy January sales. Growth ranged from double-digit increases in two-wheelers and SUVs to sharp jumps in tractor and passenger vehicle volumes.

Escorts Kubota

With a market cap of approximately Rs 38,884 Cr, Escorts Kubota saw its stock hit an intraday high of Rs 3,491 which is 3 percent higher than the previous close of Rs 3380. Escorts Kubota Limited, incorporated in 1944 and headquartered in Faridabad, Haryana, manufactures agricultural tractors, construction and material handling equipment, and railway components, serving markets in India and worldwide.

In January 2026, Escorts Kubota reported total sales of 9,799 units, up 46.9 percent YoY. Domestic tractor sales were 9,137 units, increasing 50.8 percent, while exports were 662 units, up 8.3 percent YoY.

SML Mahindra

With a market cap of Rs 5,135 Cr, SML Mahindra saw its stock hit an intraday high of Rs 3591 which is 3.7 percent higher than the previous close of Rs 3460. SML Mahindra Limited, founded in 1983 and based in India, produces commercial vehicles such as trucks, buses, ambulances and specialized vehicles, and operates as a subsidiary of Mahindra & Mahindra.

In January 2026, SML Mahindra reported total sales of 1,337 units, up 30 percent year-on-year. Cargo vehicle sales stood at 500 units, increasing 31 percent YoY, while passenger vehicle sales were 837 units, up 30 percent YoY.

Tata Motors Passenger Vehicles Ltd

With a market cap of Rs 1,27,040 Cr, Tata Motors Passenger Vehicles saw its stock hit an intraday high of Rs 360 which is almost 3 percent higher than the previous close of Rs 350. Tata Motors Passenger Vehicles Ltd, originally incorporated in 1945 and headquartered in India, manufactures a wide range of cars and SUVs and is known for models like Nexon and Harrier with a growing focus on EVs. 

In January 2026, Tata Motors’ passenger vehicles recorded total sales of around 71,066 units, up 47 percent YoY. Best-selling models included Nexon, Punch, and Tiago.

Eicher Motors Ltd (Royal Enfield)

With a market cap of approximately Rs 1,87,964  Cr, Eicher Motors which includes the Royal Enfield brand saw its stock hit an intraday high around Rs 7218 which is about 1 higher than its previous close of Rs 7122. Eicher Motors Limited, incorporated in 1982 and headquartered in New Delhi, is the parent company of Royal Enfield motorcycles and also operates commercial vehicle ventures, producing iconic mid‑weight bikes globally.

In January 2026, Royal Enfield sold approximately 1.04 lakh bikes, marking a 14 percent increase YoY. Domestic sales were around 93,781 units, up 16 percent YoY, while exports reached 10,541 units, growing 5 percent YoY.

TVS Motor

With a market cap of approximately Rs 1,70,677 Cr, TVS Motor saw its stock hit an intraday high of Rs 3690 which is less than a percent higher than the previous close of Rs 3683. TVS Motor Company Ltd, founded in 1992 and headquartered in Chennai, Tamil Nadu, manufactures motorcycles, scooters and three‑wheelers, and is a major two‑wheeler exporter from India.

In January 2026, TVS Motor achieved total sales of around 5.12 lakh units, up 29 percent YoY. This included 4.94 lakh two-wheelers, up 28 percent YoY, and 17,571 three-wheelers, which rose 77 percent YoY.

Mahindra & Mahindra

With a market cap of Rs 4,18,261 Cr, Mahindra & Mahindra saw its stock hit an intraday high of Rs 3525 which is almost 3 percent higher than the previous close of Rs 3432. Mahindra & Mahindra Ltd, founded in 1945 and headquartered in Mumbai, produces SUVs, commercial vehicles and tractors, and is one of India’s leading automotive manufacturers.

In January 2026, Mahindra & Mahindra saw strong overall growth of approximately 24 percent YoY. Domestic utility vehicle sales stood at 63,510 units, marking a growth of 25 percent, while domestic commercial vehicle sales reached 27,656 units, showing an increase of 22 percent. Passenger vehicle sales were driven by SUVs, including Scorpio‑N, XUV700, and Thar. 

Hyundai Motor India

With a market cap of Rs 1,78,515 Cr, Hyundai Motor India saw its stock hit an intraday high of around Rs 2,228 which is a percent above from the previous close of Rs 2199. Hyundai Motor India Ltd, headquartered in Chennai, is the Indian subsidiary of Hyundai Motor Group, manufacturing and selling passenger vehicles with strong SUV sales in the domestic market.

In January 2026, Hyundai Motor India sold 73,137 units in total. Domestic sales were 59,107 units, up 9 percent YoY, while exports were 14,030 units, up 20.9 percent YoY. Key models contributing to sales were Venue and Aura.

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