Hero MotoCorp Dispatches Rise 11.5% in September 2026

Hero MotoCorp Records Stronger September Dispatches

Hero MotoCorp recorded total wholesale dispatches of 7,66,348 units in September 2026, representing an 11.51% year-over-year increase from 6,87,220 units in September 2025. The company also delivered a substantial 34.82% month-over-month improvement compared with the 5,68,398 units dispatched in August 2026. The September performance reflects stronger overall volumes across its two-wheeler portfolio, with domestic shipments accounting for the majority of dispatches. The results also show continued momentum in scooters and the company's electric vehicle business, while export volumes moved lower compared with the same month last year.

Domestic Shipments Drive September Growth

Domestic market shipments reached 7,39,018 units in September 2026, increasing 14.12% from 6,47,582 units in September 2025. Domestic volumes also expanded 36.27% compared with the 5,42,305 units dispatched in August 2026. The increase in domestic shipments was supported by stronger demand across the company's portfolio, with internal combustion engine models and electric vehicles both contributing to the overall performance. The scale of the domestic increase was significantly larger than the growth recorded in total wholesale dispatches, highlighting the importance of the home market to the company's September volume improvement.

ICE Models and Vida EVs Post Higher Volumes

Internal combustion engine models accounted for 7,10,436 units in September 2026, compared with 6,32,253 units during the same month in 2025. The ICE performance was supported by a 29% expansion in domestic registrations recorded on the Vahan portal. Meanwhile, Vida, the company's electric vehicle brand, dispatched 28,798 units during September. Vida also recorded an 83% year-over-year increase in Vahan retail registrations, indicating stronger electric two-wheeler retail activity during the month. Together, the ICE and EV figures demonstrate growth across both propulsion categories.

Scooter Volumes Cross 100,000 Units

Scooter volumes across combustion and electric powertrains reached 1,00,354 units in September 2026, crossing the 100,000-unit threshold and increasing 64.51% from 61,003 units in September 2025. Scooter volumes were also 34.62% higher than the 74,547 units dispatched in August 2026. Traditional petrol scooter dispatches alone increased 60% year-over-year. Motorcycle dispatches also moved higher, reaching 6,65,994 units compared with 6,26,217 units a year earlier, representing a 6.35% year-over-year increase. The figures show that both major two-wheeler categories contributed to the company's September performance.

Exports Decline Despite Overall Volume Growth

Export volumes moved in the opposite direction during September 2026, with shipments reaching 27,330 units, down 31.05% from 39,638 units in September 2025. The decline in exports contrasts with the double-digit increase in overall wholesale dispatches and the stronger performance in the domestic market. As a result, September's total growth was primarily supported by domestic volumes rather than international shipments. The export reduction also represents a notable change within the company's overall volume mix, making domestic demand and the performance of the company's two-wheeler portfolio particularly important to the monthly result.

Industry Impact & Outlook

Hero MotoCorp's September performance indicates that stronger domestic two-wheeler demand was sufficient to offset a significant decline in exports, while particularly strong scooter and Vida EV growth broadened the sources of volume expansion. The combination of higher ICE registrations and rapidly increasing electric vehicle registrations suggests that the company's domestic market performance is being supported across different powertrain segments. For the Indian two-wheeler market, the results also highlight the importance of scooters and electric mobility within overall volume growth. The next key consideration will be whether domestic momentum and Vida's higher retail registrations can continue while export volumes recover from their September decline.

Frequently Asked Questions

How many units did Hero MotoCorp dispatch in September 2026?
Hero MotoCorp dispatched 7,66,348 units in September 2026, representing an 11.51% increase compared with September 2025. Domestic shipments accounted for 7,39,018 units, while exports stood at 27,330 units. Internal combustion engine models contributed 7,10,436 units, and Vida dispatched 28,798 electric vehicles. Scooter volumes reached 1,00,354 units across combustion and electric powertrains, while motorcycle dispatches totaled 6,65,994 units. Overall growth was supported primarily by stronger domestic volumes, although exports declined significantly compared with the same month last year.