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Business / Sun, 18 Oct 2026 Autopunditz

Two-Wheeler Sales September 2026: Dispatches Rise 13.5%; Hero Leads, Honda Gains Share

Its share of the reported dispatch total rose to 30.02%, an improvement of 0.18 percentage points year-on-year. The manufacturer added 1,31,075 units over September 2025—the largest absolute annual increase in this snapshot. Honda’s market share climbed from 23.30% to 25.85%, a gain of 2.55 percentage points, the strongest share improvement in the table. With annual growth exceeding the reported total’s 13.5% increase, TVS strengthened its share to 19.57%, up 0.53 percentage points. River posted the highest annual growth rate among the listed manufacturers at 209.0%, with dispatches rising to 6,057 units from 1,960 units.

Hero MotoCorp dispatched 7,39,432 units, up 14.2% YoY and 36.3% MoM. The company added 91,841 units over September 2025 and 1,97,127 units over August 2026. Its share of the reported dispatch total rose to 30.02%, an improvement of 0.18 percentage points year-on-year. Hero also widened its lead over Honda to 1,02,664 units, compared with 24,976 units in August.

Honda registered 6,36,768 units, growing 25.9% YoY and 23.1% MoM. The manufacturer added 1,31,075 units over September 2025—the largest absolute annual increase in this snapshot. This accounted for approximately 44.7% of the net year-on-year increase across the listed manufacturers. Honda’s market share climbed from 23.30% to 25.85%, a gain of 2.55 percentage points, the strongest share improvement in the table.

TVS recorded dispatches of 4,82,073 units, an increase of 16.6% YoY and 11.1% MoM. With annual growth exceeding the reported total’s 13.5% increase, TVS strengthened its share to 19.57%, up 0.53 percentage points. Its year-on-year volume addition stood at 68,794 units.

Bajaj Auto dispatched 2,39,771 units, down 12.2% YoY, although volumes improved 18.8% MoM. The sequential recovery helped Bajaj retain fourth position, but its annual decline contrasted with growth among the three manufacturers ahead of it. Market share fell to 9.73%, a reduction of 2.85 percentage points from September 2025.

Royal Enfield registered 1,21,326 units, up 6.8% YoY and 6.2% MoM. Its share stood at 4.93%, down 0.31 percentage points.

Suzuki recorded 1,08,806 units, growing 2.8% YoY and 5.5% MoM. Its share declined by 0.46 percentage points to 4.42%.

Yamaha dispatched 80,782 units, delivering 10.2% annual growth and a 17.4% sequential increase. Its share eased to 3.28%, down 0.10 percentage points.

Ather’s dispatches reached 30,121 units, up 19.8% YoY and 1.4% MoM, taking its share to 1.22%.

Greaves Electric Mobility recorded 13,441 units, increasing 85.4% YoY and 8.1% MoM. Its share improved to 0.55%.

River posted the highest annual growth rate among the listed manufacturers at 209.0%, with dispatches rising to 6,057 units from 1,960 units. However, volumes declined 7.8% from August, highlighting a softer sequential performance despite the strong annual comparison.

Piaggio dispatched 4,140 units, up 47.8% YoY and 4.2% MoM.

Kawasaki recorded 260 units, declining 29.3% YoY and 48.2% MoM.

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