Honda Motorcycle & Scooter India (HMSI) recorded total sales of 63,69,504 units in FY2026 (April 2025–March 2026), a 9% increase over FY2025, driven by domestic sales of 57,49,275 units and exports of 6,20,229 units, the Gurugram-based two-wheeler maker announced on Tuesday.

In March 2026 alone, HMSI sold 5,49,145 units — a 29% jump over March 2025  comprising 5,12,303 units in domestic sales and 36,842 units in exports.

The full-year performance comes against the backdrop of a record year for India's two-wheeler industry. With 19.72 million units sold in the first 11 months of FY2026, the industry was on track to surpass the pre-Covid record of 21.17 million units set in FY2019, with the revised GST framework announced in late 2025 cited as a key demand driver, particularly for entry-level and commuter models.

HMSI remains the second-largest two-wheeler maker in India, with Hero MotoCorp holding the overall volume lead. In February 2026, the gap between the two narrowed sharply — Hero dispatched 5,16,968 units against Honda's 5,13,217, a difference of under 4,000 units. HMSI has stated its ambition to overtake Hero MotoCorp and has expanded domestic production capacity to approximately 6.14 million units annually, with plans to scale that to 7 million units by 2027.

HMSI has historically derived its strength from the scooter segment, where its Activa has remained the most-sold two-wheeler in India for over a decade. However, its scooter market share slipped from 45% to 39% in the first half of FY2026, while TVS Motor Company grew its share from 22% to 29% over the same period, in part driven by TVS's expanding electric scooter range.

The company attributed the full-year performance to sustained customer demand, improving market sentiment, and its product portfolio across key segments. HMSI did not provide a model-wise or segment-wise breakdown of sales in the announcement.