Stories
TVS, Hero MotoCorp Shatter Sales Estimates as Auto Demand Surges Pre-Festive Season
- •TVS Motor and Hero MotoCorp significantly surpassed CNBC-TV18 poll estimates for September 2026 sales, driven by strong demand ahead of the festive season.
- •TVS Motor's total sales jumped 24% YoY to 6.73 lakh units, with electric two-wheeler sales more than doubling by 110% to 65,799 units.
- •Hero MotoCorp reported a 12% YoY increase in total sales to 7.66 lakh units, fueled by a 60% surge in ICE scooter dispatches.
- •Both companies benefited from a broader market trend, as overall vehicle registrations in September 2026 soared by 45% YoY, with two-wheelers up 48% and pure EVs more than doubling.
Key Questions Answered
In September 2026, TVS Motor reported total sales of 6.73 lakh units, which was a 24% year-on-year increase and above poll estimates, while Hero MotoCorp recorded total sales of 7.66 lakh units, marking a 12% rise from the previous year.
TVS Motor's electric two-wheeler sales more than doubled, surging 110% year-on-year to 65,799 units in September 2026. Additionally, the company's total international business sales rose by 48% to reach 1.81 lakh units during the same month.
Hero MotoCorp's domestic growth was largely driven by internal combustion engine (ICE) dispatches, which rose to 7,10,436 units. Specifically, ICE scooter dispatches increased by 60% year-on-year, while domestic ICE VAHAN registrations grew by 29% ahead of the festive season.
