Vehicle Sales Q3 FY 2025-26: Hero MotoCorp Leads, 97,69,271 Units, Up 19.7% YoY
Every vehicle registered in India over Q3 FY 2025-26 — October 2025 to December 2025. Q3 of the financial year, October to December. 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, Q3 FY 2025-26
The Indian vehicle market registered 97,69,271 vehicles in Q3 FY 2025-26. Volumes grew strongly 19.7% against the 81,63,589 logged over the same 3 months of Q3 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 32,56,424 a month. Every one of those 3 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.
Q3 FY 2025-26 ran from October 2025 to December 2025 and is closed. Every month in the table below is final, and every comparison on this page is against the matching month of Q3 FY 2024-25.
Vehicle registrations by month — Q3 FY 2025-26 vs Q3 FY 2024-25
Vahan retail registrations, each month set against the same month a year earlier.
Every completed month of Q3 FY 2025-26, with the matching month of Q3 FY 2024-25 beside it.
| Month | Q3 FY 2025-26 units | Q3 FY 2024-25 units | YoY | Share of period |
|---|---|---|---|---|
| October 2025 | 41,70,653 | 29,56,540 | +41.1% | 42.7% |
| November 2025 | 34,51,556 | 33,55,020 | +2.9% | 35.3% |
| December 2025 | 21,47,062 | 18,52,029 | +15.9% | 22.0% |
Each month links through to its own full report.
Which manufacturer sold the most, Q3 FY 2025-26
Hero MotoCorp led the period with 22,09,064 registrations, up 19.1% on Q3 FY 2024-25. Honda 2W (HMSI) follows on 18,70,828, 3,38,236 behind — a gap of 1.18x.
The fastest riser in the top 15 was Royal Enfield, up 40.9% to 3,65,354.
Top manufacturers by registrations — Q3 FY 2025-26
Total registrations across every vehicle type each manufacturer sells.
Exact registrations over October 2025 to December 2025, with the change against Q3 FY 2024-25.
| # | Manufacturer | Q3 FY 2025-26 units | Share | vs Q3 FY 2024-25 |
|---|---|---|---|---|
| 1 | Hero MotoCorp | 22,09,064 | 22.61% | +19.1% |
| 2 | Honda 2W (HMSI) | 18,70,828 | 19.15% | +16.6% |
| 3 | TVS Motor | 13,36,100 | 13.68% | +29.6% |
| 4 | Bajaj Auto | 8,94,245 | 9.15% | +7.8% |
| 5 | Maruti Suzuki | 5,85,929 | 6.00% | +22.4% |
| 6 | Royal Enfield | 3,65,354 | 3.74% | +40.9% |
| 7 | Suzuki 2W | 3,39,606 | 3.48% | +22.8% |
| 8 | Mahindra | 2,63,869 | 2.70% | +19.9% |
| 9 | Yamaha India | 2,24,574 | 2.30% | +21.6% |
| 10 | Hyundai | 1,73,162 | 1.77% | +7.1% |
| 11 | Tata Motors (PV) | 1,68,458 | 1.72% | +22.3% |
| 12 | Tata Motors | 1,02,506 | 1.05% | +17.4% |
| 13 | Toyota Kirloskar | 97,987 | 1.00% | +28.7% |
| 14 | Kia India | 83,478 | 0.85% | +18.9% |
| 15 | Mahindra Tractors | 78,461 | 0.80% | +33.9% |
What India registered in Q3 FY 2025-26
Two-wheelers dominate every Indian registration total, and Q3 FY 2025-26 is no exception: two-wheelers alone accounted for 74.5% of the 97,69,271 vehicles registered across the period.
Taxis & Cabs grew fastest at +29.3%, and buses slowest at +6.6%.
Market composition — Q3 FY 2025-26
Share of every vehicle registered in the period.
Exact segment volumes over October 2025 to December 2025.
| Segment | Q3 FY 2025-26 units | Share | vs Q3 FY 2024-25 |
|---|---|---|---|
| Two-Wheelers | 72,76,573 | 74.48% | +19.1% |
| Cars & UVs | 13,16,330 | 13.47% | +20.3% |
| Three-Wheelers | 4,03,488 | 4.13% | +19.8% |
| Tractors | 3,19,101 | 3.27% | +28.5% |
| Goods Carriers | 2,70,608 | 2.77% | +21.7% |
| Taxis & Cabs | 97,603 | 1.00% | +29.3% |
| Other classes | 60,826 | 0.62% | +9.9% |
| Buses | 24,742 | 0.25% | +6.6% |
Fuel mix, Q3 FY 2025-26
Battery-electric vehicles were 7.0% of every registration in Q3 FY 2025-26, against 7.0% in Q3 FY 2024-25. That is 6,86,731 electric vehicles across all segments.
Fuel labels come straight from Vahan and the split below covers the whole market over October 2025 to December 2025 — petrol includes the E20 ethanol blend, which is now the single largest label in the database.
Registrations by fuel — Q3 FY 2025-26
Every vehicle registered in the period, by fuel.
Exact fuel volumes over October 2025 to December 2025.
| Fuel | Q3 FY 2025-26 units | Share | vs Q3 FY 2024-25 | Share move |
|---|---|---|---|---|
| Petrol | 76,02,393 | 77.82% | +19.7% | +0.04pp |
| Diesel | 8,88,433 | 9.09% | +21.1% | +0.11pp |
| Electric | 6,86,731 | 7.03% | +19.5% | −0.01pp |
| CNG / LPG | 4,57,938 | 4.69% | +18.6% | −0.04pp |
| Hybrid | 1,08,708 | 1.11% | +11.3% | −0.08pp |
| Other | 25,068 | 0.26% | +14.3% | −0.01pp |
Every Q3 on record
Across the 2 completed windows in our Vahan record, vehicle registrations went from 81,63,589 in Q3 FY 2024-25 to 97,69,271 in Q3 FY 2025-26, up 19.7% over the stretch.
Vehicle registrations by quarter
* window still in progress.
| Period | Months | Units | YoY |
|---|---|---|---|
| Q3 FY 2025-26 | 3 | 97,69,271 | +19.7% |
| Q3 FY 2024-25 | 3 | 81,63,589 | +11.6% |
Each row compares only the months that window holds, so a part period is never set against a full one.
Where the demand was, Q3 FY 2025-26
Uttar Pradesh registered the most vehicles of any state in Q3 FY 2025-26 — 14,01,856, 14.3% of the national total.
The top five states together account for 46.3% of every vehicle registered in the period.
Top states by registrations — Q3 FY 2025-26
All vehicle types, exact for the period.
| # | State | Units | Share | vs Q3 FY 2024-25 |
|---|---|---|---|---|
| 1 | Uttar Pradesh | 14,01,856 | 14.3% | +18.1% |
| 2 | Maharashtra | 11,25,024 | 11.5% | +21.4% |
| 3 | Gujarat | 7,36,582 | 7.5% | +14.8% |
| 4 | Rajasthan | 6,54,155 | 6.7% | +14.2% |
| 5 | Tamil Nadu | 6,04,707 | 6.2% | +38.7% |
| 6 | Madhya Pradesh | 6,04,565 | 6.2% | +5.6% |
| 7 | Karnataka | 5,70,076 | 5.8% | +14.7% |
| 8 | Bihar | 5,58,655 | 5.7% | +35.0% |
| 9 | West Bengal | 4,26,670 | 4.4% | +25.4% |
| 10 | Haryana | 3,57,843 | 3.7% | +15.5% |
| 11 | Andhra Pradesh | 3,28,157 | 3.4% | +21.8% |
| 12 | Telangana | 3,15,183 | 3.2% | +12.8% |
| 13 | Punjab | 2,86,597 | 2.9% | +31.1% |
| 14 | Odisha | 2,80,523 | 2.9% | +23.5% |
| 15 | Kerala | 2,57,295 | 2.6% | +36.1% |
Frequently asked questions
How many vehicles were sold in India in Q3 FY 2025-26?
What period does Q3 FY 2025-26 cover?
Which manufacturer sold the most vehicles in Q3 FY 2025-26?
Which was the strongest month for vehicle sales in Q3 FY 2025-26?
Which quarter 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.
