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Hero expands lead over Honda in FY26 2W sales
Financial Express Mumbai
|April 27, 2026
THE CONTEST FOR the country's two-wheeler crown tilted back decisively in favour of Hero Moto Corp in FY26, as it stretched its lead over Honda Motorcycle & Scooter India after a year when the challenger had closed in sharply.
Hero sold 6.07 million units during the year, ahead of Honda’s 5.75 million, widening the gap to over 310,000 units and reasserting control in a rivalry that has increasingly turned into a game of momentum shifts.
The backdrop makes the turnaround more striking. As recently as FY24, Hero had enjoyed a comfortable lead, outselling Honda by nearly 890,000 units. But FY25 saw the race tighten dramatically, with Honda riding a surge led by its scooter portfolio to narrow the gap to just 280,000 units. That phase had raised the prospect of a leadership change, with Honda gaining ground faster and Hero’s growth lagging.
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