Hero vs Honda: Who Is Actually Selling More in 2026?
Hero MotoCorp against Honda 2W (HMSI) on Vahan registrations — September 2026 standings, the month-by-month record, and whether the gap is opening or closing.
Where the race stands
In September 2026, Honda 2W (HMSI) registered 4,70,675 two-wheelers against Hero MotoCorp on 4,35,242 — a gap of 35,433 units, 8% clear.
Every figure here counts two-wheelers only, from Vahan's own vehicle-class filter: nothing else either company registers is mixed in.
From January to September 2026, Hero MotoCorp has registered 43,68,682 units (+17.6% year on year) and Honda 2W (HMSI) 42,38,701 (+24.4%). Hero MotoCorp is ahead by 1,29,981 units on the year.
The gap has been closing — it is 47% smaller than it was six months ago.
Over the 33 months in our record, Hero MotoCorp has finished ahead 23 times and Honda 2W (HMSI) 10 times.
Hero MotoCorp vs Honda 2W (HMSI) — monthly registrations
Every month from January 2024 to September 2026, plus October so far (dashed)
Registrations per month, the gap between them, and who took the month.
| Month | Hero MotoCorp | Honda 2W (HMSI) | Gap | Winner |
|---|---|---|---|---|
| Sep 2026 | 4,35,242 | 4,70,675 | 35,433 | Honda 2W (HMSI) |
| Aug 2026 | 4,15,701 | 4,49,986 | 34,285 | Honda 2W (HMSI) |
| Jul 2026 | 4,42,217 | 4,72,713 | 30,496 | Honda 2W (HMSI) |
| Jun 2026 | 4,74,086 | 4,56,076 | 18,010 | Hero MotoCorp |
| May 2026 | 5,20,272 | 4,56,328 | 63,944 | Hero MotoCorp |
| Apr 2026 | 5,61,389 | 4,94,161 | 67,228 | Hero MotoCorp |
| Mar 2026 | 5,52,231 | 4,93,322 | 58,909 | Hero MotoCorp |
| Feb 2026 | 4,66,358 | 4,50,867 | 15,491 | Hero MotoCorp |
| Jan 2026 | 5,01,186 | 4,94,573 | 6,613 | Hero MotoCorp |
| Dec 2025 | 3,00,368 | 3,79,674 | 79,306 | Honda 2W (HMSI) |
| Nov 2025 | 8,99,971 | 6,39,974 | 2,59,997 | Hero MotoCorp |
| Oct 2025 | 10,06,794 | 8,50,871 | 1,55,923 | Hero MotoCorp |
| Sep 2025 | 3,30,500 | 3,39,539 | 9,039 | Honda 2W (HMSI) |
| Aug 2025 | 3,49,035 | 3,72,871 | 23,836 | Honda 2W (HMSI) |
| Jul 2025 | 3,47,397 | 3,65,390 | 17,993 | Honda 2W (HMSI) |
| Jun 2025 | 4,01,805 | 3,74,979 | 26,826 | Hero MotoCorp |
| May 2025 | 5,07,313 | 4,13,598 | 93,715 | Hero MotoCorp |
| Apr 2025 | 5,20,388 | 4,26,050 | 94,338 | Hero MotoCorp |
Registrations inside two-wheelers only (Vahan vehicle-class filter).
Frequently asked questions
Who sells more, Hero MotoCorp or Honda 2W (HMSI)?
How many two-wheelers did Hero MotoCorp sell in September 2026?
How many two-wheelers did Honda 2W (HMSI) sell in September 2026?
What data is this comparison based on?
More from the reports desk
Source. Every figure is a vehicle registration, taken daily from the Ministry of Road Transport & Highways' Vahan 4 dashboard (vahan.parivahan.gov.in) — the same source FADA and the industry use for retail data. Registrations are not the wholesale dispatch numbers manufacturers announce each month. "EV" means battery electric (Vahan fuels PURE EV and ELECTRIC(BOV)); hybrids are counted separately. Information only, not investment advice.
Using these numbers? Cite "Flash Finance (Vahan data)" with a link to this page. This report's chart card is free to republish with the same credit.
