Vehicle Sales July 2025: Honda 2W (HMSI) Leads, 20,63,503 Units Registered
Full Vahan registration report for July 2025 — every major manufacturer ranked, with month-on-month and year-on-year change, segment share, fuel mix and the state-wise picture.
How July went
The Indian vehicle market registered 20,63,503 vehicles in July 2025. Volumes eased 4.0% against July 2024, and ticked lower 2.0% on June.
Year to date, 1,55,23,621 units have been registered across 7 months, +1.7% on the same stretch of 2024 (1,52,66,153).
July sits inside the monsoon, historically a soft month for urban showroom footfall and a strong one for farm equipment.
Monthly vehicle registrations, 2023–2026
One line per calendar year — the shape of the year, not just its total. The dashed end of the current year is the month so far.
Manufacturer scoreboard
Honda 2W (HMSI) led the segment with 3,65,477 registrations, ahead of Hero MotoCorp on 3,47,842 — a gap of 17,635 units. That is a change at the top — Hero MotoCorp led in June.
Royal Enfield grew fastest among the segment's biggest names at +17.0% year on year (72,217 units); Hero MotoCorp had the hardest month of that group, down 15.1% to 3,47,842.
On share rather than volume — the number that decides who is actually winning — TVS Motor has added 1.17pp of the segment in 2025, while Bajaj Auto has given up 0.74pp.
Top 10 manufacturers, July 2025
Registrations in the month
Ranked by registrations in the month, with month-on-month and year-on-year change. Click a name for its full dashboard.
| # | Manufacturer | Jul 2025 | MoM | YoY | Share |
|---|---|---|---|---|---|
| 1 | Honda 2W (HMSI) | 3,65,477 | −2.6% | −7.0% | 17.71% |
| 2 | Hero MotoCorp | 3,47,842 | −13.5% | −15.1% | 16.86% |
| 3 | TVS Motor | 2,85,257 | −3.9% | +8.0% | 13.82% |
| 4 | Bajaj Auto | 1,88,445 | −8.0% | −11.6% | 9.13% |
| 5 | Maruti Suzuki | 1,38,875 | +10.1% | −1.9% | 6.73% |
| 6 | Suzuki 2W | 93,998 | +3.9% | +10.0% | 4.56% |
| 7 | Royal Enfield | 72,217 | −4.2% | +17.0% | 3.50% |
| 8 | Mahindra | 63,782 | +2.9% | +4.2% | 3.09% |
| 9 | Yamaha India | 52,491 | +4.5% | −7.3% | 2.54% |
| 10 | Hyundai | 45,281 | +11.1% | −2.0% | 2.19% |
| 11 | Tata Motors (PV) | 34,880 | +11.4% | −13.0% | 1.69% |
| 12 | Toyota Kirloskar | 27,914 | +10.8% | +15.9% | 1.35% |
| 13 | Tata Motors | 27,564 | +4.2% | −8.0% | 1.34% |
| 14 | Kia India | 20,972 | +7.6% | +2.7% | 1.02% |
| 15 | Mahindra Tractors | 20,620 | +17.6% | +11.9% | 1.00% |
Share is of every vehicle registered in India that month.
Market share, year to date
Share here is of every vehicle registered in India, across all segments — which is why two-wheeler makers fill the top of the table. Volume is full-year 2025. The comparison is against the whole of 2024.
Exact segment volume per manufacturer over full-year 2025, and the change in share against full-year 2024.
| # | Manufacturer | 2025 units | Share | vs full-year 2024 |
|---|---|---|---|---|
| 1 | Hero MotoCorp | 59,27,643 | 20.24% | −0.31pp |
| 2 | Honda 2W (HMSI) | 52,79,986 | 18.03% | −0.55pp |
| 3 | TVS Motor | 39,79,878 | 13.59% | +1.17pp |
| 4 | Bajaj Auto | 27,54,393 | 9.40% | −0.74pp |
| 5 | Maruti Suzuki | 18,96,160 | 6.47% | +0.04pp |
| 6 | Suzuki 2W | 11,56,157 | 3.95% | +0.25pp |
| 7 | Royal Enfield | 10,76,953 | 3.68% | +0.55pp |
| 8 | Mahindra | 8,75,619 | 2.99% | +0.17pp |
| 9 | Yamaha India | 6,95,626 | 2.37% | −0.13pp |
| 10 | Hyundai | 5,80,589 | 1.98% | −0.16pp |
| 11 | Tata Motors (PV) | 5,11,800 | 1.75% | −0.06pp |
| 12 | Tata Motors | 3,63,128 | 1.24% | −0.11pp |
| 13 | Toyota Kirloskar | 3,36,835 | 1.15% | +0.14pp |
| 14 | Kia India | 2,72,408 | 0.93% | +0.01pp |
| 15 | Mahindra Tractors | 2,38,104 | 0.81% | +0.05pp |
Fuel mix
Petrol accounts for 75.0% of the segment's registrations in 2025. Electric is at 8.05%, a move of +0.61pp on 2024 on volume of 23,56,971 units.
Vehicle fuel mix, 2025
Share of segment registrations year to date
The full-year 2025 mix.
| Fuel | 2025 units | Share | vs full-year 2024 |
|---|---|---|---|
| Petrol | 2,19,54,022 | 74.95% | −1.08pp |
| Diesel | 29,86,399 | 10.20% | +0.09pp |
| Electric | 23,56,971 | 8.05% | +0.61pp |
| CNG / LPG | 15,43,947 | 5.27% | +0.44pp |
| Hybrid | 3,69,002 | 1.26% | −0.05pp |
| Other | 81,147 | 0.28% | 0.00pp |
Share is of this report's own scope over full-year 2025, compared with the whole of 2024.
Where the demand is
Uttar Pradesh was the largest market in July 2025 with 2,46,924 registrations, 12.0% of the segment's national total. Maharashtra (2,32,063) and Tamil Nadu (1,80,288) followed. Among the big markets Haryana grew fastest at +18.8%.
Registrations in the month, by state.
| # | State | Units | Share | YoY |
|---|---|---|---|---|
| 1 | Uttar Pradesh | 2,46,924 | 12.0% | −12.7% |
| 2 | Maharashtra | 2,32,063 | 11.2% | +12.6% |
| 3 | Tamil Nadu | 1,80,288 | 8.7% | +0.6% |
| 4 | Gujarat | 1,52,355 | 7.4% | −0.5% |
| 5 | Karnataka | 1,35,826 | 6.6% | −2.2% |
| 6 | Rajasthan | 1,12,579 | 5.5% | −12.3% |
| 7 | Madhya Pradesh | 1,03,183 | 5.0% | −13.1% |
| 8 | Bihar | 95,716 | 4.6% | −12.9% |
| 9 | West Bengal | 90,967 | 4.4% | −20.5% |
| 10 | Telangana | 80,026 | 3.9% | −12.7% |
| 11 | Haryana | 79,548 | 3.9% | +18.8% |
| 12 | Kerala | 68,669 | 3.3% | +8.7% |
Frequently asked questions
How many vehicles were sold in India in July 2025?
Which company sold the most vehicles in July 2025?
What is the vehicle market share in India in 2025?
What share of vehicles sold in India are electric?
Which state registers the most vehicles in India?
Are these wholesale dispatches or retail sales?
Vehicle sales, earlier months
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.
