Vehicle Sales H2 FY 2025-26: Hero MotoCorp Leads, 1,79,62,970 Units, Up 21.3% YoY
Every vehicle registered in India over H2 FY 2025-26 — October 2025 to March 2026. The second half of the financial year, October to March. 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, H2 FY 2025-26
The Indian vehicle market registered 1,79,62,970 vehicles in H2 FY 2025-26. Volumes rose sharply 21.3% against the 1,48,06,028 logged over the same 6 months of H2 FY 2024-25.
October was the strongest month of the period at 41,70,653 vehicles and December the quietest at 21,47,062, an average of 29,93,828 a month. Every one of those 6 months grew on the same month a year earlier.
October is the festive peak. Navratri and Diwali make it the single biggest registration month of most years, so year-on-year comparisons swing on where the festivals fall.
H2 FY 2025-26 ran from October 2025 to March 2026 and is closed. Every month in the table below is final, and every comparison on this page is against the matching month of H2 FY 2024-25.
Vehicle registrations by month — H2 FY 2025-26 vs H2 FY 2024-25
Vahan retail registrations, each month set against the same month a year earlier.
Every completed month of H2 FY 2025-26, with the matching month of H2 FY 2024-25 beside it.
| Month | H2 FY 2025-26 units | H2 FY 2024-25 units | YoY | Share of period |
|---|---|---|---|---|
| October 2025 | 41,70,653 | 29,56,540 | +41.1% | 23.2% |
| November 2025 | 34,51,556 | 33,55,020 | +2.9% | 19.2% |
| December 2025 | 21,47,062 | 18,52,029 | +15.9% | 12.0% |
| January 2026 | 28,46,192 | 24,10,557 | +18.1% | 15.8% |
| February 2026 | 25,26,952 | 19,97,131 | +26.5% | 14.1% |
| March 2026 | 28,20,555 | 22,34,751 | +26.2% | 15.7% |
Each month links through to its own full report.
Which manufacturer sold the most, H2 FY 2025-26
Hero MotoCorp led the period with 37,30,562 registrations, up 19.8% on H2 FY 2024-25. Honda 2W (HMSI) follows on 33,09,902, 4,20,660 behind — a gap of 1.13x.
The fastest riser in the top 15 was Ather Energy, up 76.1% to 1,53,118.
Top manufacturers by registrations — H2 FY 2025-26
Total registrations across every vehicle type each manufacturer sells.
Exact registrations over October 2025 to March 2026, with the change against H2 FY 2024-25.
| # | Manufacturer | H2 FY 2025-26 units | Share | vs H2 FY 2024-25 |
|---|---|---|---|---|
| 1 | Hero MotoCorp | 37,30,562 | 20.77% | +19.8% |
| 2 | Honda 2W (HMSI) | 33,09,902 | 18.43% | +21.6% |
| 3 | TVS Motor | 24,72,075 | 13.76% | +30.4% |
| 4 | Bajaj Auto | 16,52,962 | 9.20% | +12.4% |
| 5 | Maruti Suzuki | 11,69,456 | 6.51% | +19.8% |
| 6 | Royal Enfield | 6,76,527 | 3.77% | +36.4% |
| 7 | Suzuki 2W | 6,46,706 | 3.60% | +19.9% |
| 8 | Mahindra | 5,32,091 | 2.96% | +19.9% |
| 9 | Yamaha India | 4,21,083 | 2.34% | +23.0% |
| 10 | Hyundai | 3,43,037 | 1.91% | +9.9% |
| 11 | Tata Motors (PV) | 3,40,164 | 1.89% | +25.4% |
| 12 | Tata Motors | 2,19,697 | 1.22% | +20.9% |
| 13 | Toyota Kirloskar | 1,96,454 | 1.09% | +23.4% |
| 14 | Kia India | 1,73,418 | 0.97% | +25.2% |
| 15 | Ather Energy | 1,53,118 | 0.85% | +76.1% |
What India registered in H2 FY 2025-26
Two-wheelers dominate every Indian registration total, and H2 FY 2025-26 is no exception: two-wheelers alone accounted for 72.3% of the 1,79,62,970 vehicles registered across the period.
Tractors grew fastest at +26.1%, and buses slowest at +0.3%.
Market composition — H2 FY 2025-26
Share of every vehicle registered in the period.
Exact segment volumes over October 2025 to March 2026.
| Segment | H2 FY 2025-26 units | Share | vs H2 FY 2024-25 |
|---|---|---|---|
| Two-Wheelers | 1,29,95,074 | 72.34% | +21.7% |
| Cars & UVs | 26,33,991 | 14.66% | +20.4% |
| Three-Wheelers | 7,67,136 | 4.27% | +18.6% |
| Tractors | 6,10,525 | 3.40% | +26.1% |
| Goods Carriers | 5,66,200 | 3.15% | +22.3% |
| Taxis & Cabs | 2,07,623 | 1.16% | +24.6% |
| Other classes | 1,30,295 | 0.73% | +4.7% |
| Buses | 52,126 | 0.29% | +0.3% |
Fuel mix, H2 FY 2025-26
Battery-electric vehicles were 7.9% of every registration in H2 FY 2025-26, against 7.5% in H2 FY 2024-25. That is 14,11,708 electric vehicles across all segments.
Fuel labels come straight from Vahan and the split below covers the whole market over October 2025 to March 2026 — petrol includes the E20 ethanol blend, which is now the single largest label in the database.
Registrations by fuel — H2 FY 2025-26
Every vehicle registered in the period, by fuel.
Exact fuel volumes over October 2025 to March 2026.
| Fuel | H2 FY 2025-26 units | Share | vs H2 FY 2024-25 | Share move |
|---|---|---|---|---|
| Petrol | 1,35,40,502 | 75.38% | +21.0% | −0.23pp |
| Diesel | 17,97,268 | 10.01% | +21.4% | 0.00pp |
| Electric | 14,11,708 | 7.86% | +27.1% | +0.36pp |
| CNG / LPG | 9,35,347 | 5.21% | +19.9% | −0.06pp |
| Hybrid | 2,27,028 | 1.26% | +16.0% | −0.06pp |
| Other | 51,117 | 0.28% | +16.6% | −0.01pp |
Every H2 on record
Across the 2 completed windows in our Vahan record, vehicle registrations went from 1,48,06,028 in H2 FY 2024-25 to 1,79,62,970 in H2 FY 2025-26, up 21.3% over the stretch.
Vehicle registrations by half year
* window still in progress.
| Period | Months | Units | YoY |
|---|---|---|---|
| H2 FY 2025-26 | 6 | 1,79,62,970 | +21.3% |
| H2 FY 2024-25 | 6 | 1,48,06,028 | +6.2% |
Each row compares only the months that window holds, so a part period is never set against a full one.
Where the demand was, H2 FY 2025-26
Uttar Pradesh registered the most vehicles of any state in H2 FY 2025-26 — 24,73,528, 13.8% of the national total.
The top five states together account for 46.3% of every vehicle registered in the period.
Top states by registrations — H2 FY 2025-26
All vehicle types, exact for the period.
| # | State | Units | Share | vs H2 FY 2024-25 |
|---|---|---|---|---|
| 1 | Uttar Pradesh | 24,73,528 | 13.8% | +18.1% |
| 2 | Maharashtra | 20,71,162 | 11.5% | +23.1% |
| 3 | Tamil Nadu | 13,29,591 | 7.4% | +37.8% |
| 4 | Gujarat | 13,12,130 | 7.3% | +22.5% |
| 5 | Karnataka | 11,39,237 | 6.3% | +18.8% |
| 6 | Rajasthan | 10,95,620 | 6.1% | +19.0% |
| 7 | Madhya Pradesh | 10,90,851 | 6.1% | +12.9% |
| 8 | Bihar | 9,48,759 | 5.3% | +31.0% |
| 9 | West Bengal | 7,80,017 | 4.3% | +25.8% |
| 10 | Haryana | 6,41,950 | 3.6% | +14.4% |
| 11 | Telangana | 5,88,141 | 3.3% | +12.8% |
| 12 | Andhra Pradesh | 5,86,535 | 3.3% | +24.2% |
| 13 | Odisha | 5,48,534 | 3.1% | +22.9% |
| 14 | Kerala | 5,19,342 | 2.9% | +34.3% |
| 15 | Punjab | 5,09,165 | 2.8% | +26.9% |
Frequently asked questions
How many vehicles were sold in India in H2 FY 2025-26?
What period does H2 FY 2025-26 cover?
Which manufacturer sold the most vehicles in H2 FY 2025-26?
Which was the strongest month for vehicle sales in H2 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.
