Vehicle Sales H1 FY 2025-26: Hero MotoCorp Leads, 1,28,79,778 Units, Up 3.5% YoY
Every vehicle registered in India over H1 FY 2025-26 — April 2025 to September 2025. The first half of the financial year, April to September. Month-by-month volumes, the manufacturer leaderboard, what India actually registered segment by segment, and the same window in every earlier year on record.
Vehicle sales month by month, H1 FY 2025-26
The Indian vehicle market registered 1,28,79,778 vehicles in H1 FY 2025-26. Volumes nudged up 3.5% against the 1,24,47,679 logged over the same 6 months of H1 FY 2024-25.
April was the strongest month of the period at 23,96,909 vehicles and September the quietest at 19,31,196, an average of 21,46,630 a month. 5 of those 6 months grew on the same month a year earlier.
April opens the new fiscal year, usually with price revisions and a reset in dealer inventory.
H1 FY 2025-26 ran from April 2025 to September 2025 and is closed. Every month in the table below is final, and every comparison on this page is against the matching month of H1 FY 2024-25.
Vehicle registrations by month — H1 FY 2025-26 vs H1 FY 2024-25
Vahan retail registrations, each month set against the same month a year earlier.
Every completed month of H1 FY 2025-26, with the matching month of H1 FY 2024-25 beside it.
| Month | H1 FY 2025-26 units | H1 FY 2024-25 units | YoY | Share of period |
|---|---|---|---|---|
| April 2025 | 23,96,909 | 23,03,231 | +4.1% | 18.6% |
| May 2025 | 23,16,166 | 21,91,877 | +5.7% | 18.0% |
| June 2025 | 21,04,604 | 19,96,076 | +5.4% | 16.3% |
| July 2025 | 20,63,503 | 21,48,824 | −4.0% | 16.0% |
| August 2025 | 20,67,400 | 19,90,301 | +3.9% | 16.1% |
| September 2025 | 19,31,196 | 18,17,370 | +6.3% | 15.0% |
Each month links through to its own full report.
Which manufacturer sold the most, H1 FY 2025-26
Hero MotoCorp led the period with 24,59,116 registrations, broadly flat (+0.9%) on H1 FY 2024-25. Honda 2W (HMSI) follows on 22,92,913, 1,66,203 behind — a gap of 1.07x.
The fastest riser in the top 15 was Royal Enfield, up 23.4% to 4,74,843, while Ola Electric was down 47.7% at 1,11,651.
Top manufacturers by registrations — H1 FY 2025-26
Total registrations across every vehicle type each manufacturer sells.
Exact registrations over April 2025 to September 2025, with the change against H1 FY 2024-25.
| # | Manufacturer | H1 FY 2025-26 units | Share | vs H1 FY 2024-25 |
|---|---|---|---|---|
| 1 | Hero MotoCorp | 24,59,116 | 19.09% | +0.9% |
| 2 | Honda 2W (HMSI) | 22,92,913 | 17.80% | −1.2% |
| 3 | TVS Motor | 17,79,006 | 13.81% | +14.3% |
| 4 | Bajaj Auto | 12,19,233 | 9.47% | −3.2% |
| 5 | Maruti Suzuki | 8,12,605 | 6.31% | +1.0% |
| 6 | Suzuki 2W | 5,53,457 | 4.30% | +12.1% |
| 7 | Royal Enfield | 4,74,843 | 3.69% | +23.4% |
| 8 | Mahindra | 3,87,912 | 3.01% | +10.5% |
| 9 | Yamaha India | 3,13,589 | 2.43% | −4.5% |
| 10 | Hyundai | 2,56,973 | 2.00% | −5.3% |
| 11 | Tata Motors (PV) | 2,09,824 | 1.63% | −5.1% |
| 12 | Tata Motors | 1,66,189 | 1.29% | −6.1% |
| 13 | Toyota Kirloskar | 1,55,745 | 1.21% | +17.4% |
| 14 | Kia India | 1,20,635 | 0.94% | +3.5% |
| 15 | Ola Electric | 1,11,651 | 0.87% | −47.7% |
What India registered in H1 FY 2025-26
Two-wheelers dominate every Indian registration total, and H1 FY 2025-26 is no exception: two-wheelers alone accounted for 71.2% of the 1,28,79,778 vehicles registered across the period.
Buses grew fastest at +13.1%, and goods carriers slowest at −0.1%.
Market composition — H1 FY 2025-26
Share of every vehicle registered in the period.
Exact segment volumes over April 2025 to September 2025.
| Segment | H1 FY 2025-26 units | Share | vs H1 FY 2024-25 |
|---|---|---|---|
| Two-Wheelers | 91,69,811 | 71.20% | +2.9% |
| Cars & UVs | 18,59,618 | 14.44% | +4.3% |
| Three-Wheelers | 6,49,834 | 5.05% | +5.3% |
| Tractors | 4,56,799 | 3.55% | +10.1% |
| Goods Carriers | 4,01,668 | 3.12% | −0.1% |
| Taxis & Cabs | 1,70,600 | 1.32% | +3.2% |
| Other classes | 98,045 | 0.76% | +9.4% |
| Buses | 73,403 | 0.57% | +13.1% |
Fuel mix, H1 FY 2025-26
Battery-electric vehicles were 8.8% of every registration in H1 FY 2025-26, against 7.5% in H1 FY 2024-25. That is 11,34,055 electric vehicles across all segments.
Fuel labels come straight from Vahan and the split below covers the whole market over April 2025 to September 2025 — petrol includes the E20 ethanol blend, which is now the single largest label in the database.
Registrations by fuel — H1 FY 2025-26
Every vehicle registered in the period, by fuel.
Exact fuel volumes over April 2025 to September 2025.
| Fuel | H1 FY 2025-26 units | Share | vs H1 FY 2024-25 | Share move |
|---|---|---|---|---|
| Petrol | 95,06,598 | 73.81% | +0.9% | −1.85pp |
| Diesel | 13,50,287 | 10.48% | +5.4% | +0.19pp |
| Electric | 11,34,055 | 8.80% | +22.1% | +1.34pp |
| CNG / LPG | 6,92,379 | 5.38% | +11.8% | +0.40pp |
| Hybrid | 1,62,295 | 1.26% | −3.5% | −0.09pp |
| Other | 34,164 | 0.27% | +7.1% | +0.01pp |
Every H1 on record
Across the 3 completed windows in our Vahan record, vehicle registrations went from 1,24,47,679 in H1 FY 2024-25 to 1,55,77,060 in H1 FY 2026-27, up 25.1% over the stretch.
Vehicle registrations by half year
* window still in progress.
| Period | Months | Units | YoY |
|---|---|---|---|
| H1 FY 2026-27 | 6 | 1,55,77,060 | +20.9% |
| H1 FY 2025-26 | 6 | 1,28,79,778 | +3.5% |
| H1 FY 2024-25 | 6 | 1,24,47,679 | +6.6% |
Each row compares only the months that window holds, so a part period is never set against a full one.
Where the demand was, H1 FY 2025-26
Uttar Pradesh registered the most vehicles of any state in H1 FY 2025-26 — 17,91,038, 13.9% of the national total.
The top five states together account for 46.5% of every vehicle registered in the period.
Top states by registrations — H1 FY 2025-26
All vehicle types, exact for the period.
| # | State | Units | Share | vs H1 FY 2024-25 |
|---|---|---|---|---|
| 1 | Uttar Pradesh | 17,91,038 | 13.9% | +5.4% |
| 2 | Maharashtra | 14,08,414 | 10.9% | +10.9% |
| 3 | Tamil Nadu | 9,85,045 | 7.6% | +1.3% |
| 4 | Gujarat | 9,23,560 | 7.2% | +12.2% |
| 5 | Karnataka | 8,80,954 | 6.8% | −1.4% |
| 6 | Madhya Pradesh | 7,01,077 | 5.4% | −0.2% |
| 7 | Rajasthan | 6,86,728 | 5.3% | −2.5% |
| 8 | Bihar | 6,38,045 | 5.0% | −3.1% |
| 9 | West Bengal | 5,79,893 | 4.5% | −0.4% |
| 10 | Telangana | 4,74,292 | 3.7% | −1.2% |
| 11 | Haryana | 4,71,985 | 3.7% | +5.6% |
| 12 | Kerala | 4,33,277 | 3.4% | +8.6% |
| 13 | Andhra Pradesh | 3,95,233 | 3.1% | −4.4% |
| 14 | Odisha | 3,94,591 | 3.1% | +10.1% |
| 15 | Delhi | 3,76,224 | 2.9% | +17.8% |
Frequently asked questions
How many vehicles were sold in India in H1 FY 2025-26?
What period does H1 FY 2025-26 cover?
Which manufacturer sold the most vehicles in H1 FY 2025-26?
Which was the strongest month for vehicle sales in H1 FY 2025-26?
Which half year had the highest vehicle sales?
Are these retail sales or factory dispatches?
Vehicle sales, other periods
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.
