Honda has come very close to Hero MotoCorp, the market leader in motorcycles and scooters, meaning Honda's sales have come close to Hero's. This means the two companies are now facing a strong competition. Let's find out the details.
Honda Vs Hero Sales
India's two-wheeler market is currently witnessing a highly competitive market, with the end of fiscal year 2026 approaching. Honda Motorcycle & Scooter India (HMSI) has now come very close to market leader Hero MotoCorp, meaning Honda's sales have come close to Hero's. Consequently, the two companies are now facing a strong competition. Let's explore the details.
Sales of Honda Company
With just a week left before the end of the financial year, Honda has offered significant discounts and incentives on scooters, attempting to boost sales through dealers. Furthermore, Honda has introduced several schemes over the past five months. According to SIAM data, FY26 In the first 11 months of 2019, the scooter market grew 17.7 percent to 7.3 million units. Last year, this figure was 6.2 million units, but Honda's growth was not as rapid. Honda scooter sales were 2.8 million, a growth of 7.7 percent. Last year, sales were 2.6 million.
One reason for this lagging market growth is its late entry into the EV segment. The Honda Electric Activa was shelved due to customer complaints. Meanwhile, TVS and Bajaj have taken the lead in the EV sector. As a result, Honda is now focusing on its stronghold in the petrol scooter segment, particularly the Activa.
According to industry experts, rising petrol prices could lead to a rapid shift towards EVs, but Honda is trying to attract customers by offering good deals.
Honda Vs Hero Sales
In the first 11 months of FY26, Honda's sales stood at 5.2 million units, while Hero MotoCorp's sales were 5.5 million units. Honda has a market share of 25.36 percent, while Hero has a market share of 26.92 percent. This clearly shows that the two companies are competing well.
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