Hero MotoCorp reasserted its dominance in the Indian two-wheeler market by concluding FY26 with a domestic sales volume of 6.07 million units (specifically 6,066,048 units).
The company officially reported its full-year performance on April 1, 2026, showcasing a strategic recovery that allowed it to widen its lead over its closest rival, Honda Motorcycle & Scooter India.
1. FY26 Sales Performance Summary
While domestic sales crossed the 6-million mark, Hero’s total global dispatches reached an even higher milestone.
| Metric | FY2025-26 Performance | Change (YoY) |
| Domestic Sales | 6.07 Million Units | ▲ 8.1% |
| Total Dispatches | 6.47 Million Units | ▲ 10.0% |
| Exports | 402,786 Units | ▲ 40.2% |
| Motorcycles | 5.84 Million Units | ▲ 6.7% |
| Scooters | 626,285 Units | ▲ 48.2% |
2. The “Battle for No. 1”
The FY26 results were a critical “reset” in the rivalry between Hero and Honda.
- Widening the Gap: After Honda narrowed the gap to just 280,000 units in FY25, Hero managed to stretch its lead back to over 310,000 units in the domestic market this year.
- Global Context: When including exports, the race is much tighter, with Hero (6.47M) leading Honda (6.37M) by less than 100,000 units globally.
3. Key Growth Drivers
Hero’s 10% overall volume growth was fueled by a mix of traditional strengths and aggressive new bets.
- Rural Rebound: A recovery in entry-level (100-125cc) motorcycle demand, aided by improved rural sentiment and GST rationalization, played directly to Hero’s core strength.
- VIDA EV Surge: Hero’s electric vehicle brand, VIDA, saw its dispatches grow by 154% in FY26. In March 2026 alone, it recorded its highest-ever monthly registrations of 21,434 units, capturing significant share as legacy rivals lagged in the EV space.
- Export Milestone: The company set a new record in its global business, with a 40% jump in exports driven by the premiumization of its portfolio in international markets.
4. Q4 FY26 and Upcoming Results
The final quarter (January–March 2026) was particularly strong, with dispatch growth of 24%, indicating high momentum heading into the new fiscal year.
- Financial Results: Hero MotoCorp is scheduled to release its audited Q4 and full-year financial results on Tuesday, May 5, 2026.
- Earnings Outlook: Analysts expect Q4 revenue to land between ₹9,800–10,200 crore, with a projected profit after tax (PAT) of ₹900–1,000 crore.