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HMSI domestic sales climb 26% in September to 6.37 lakh units
Our read
HMSI's domestic sales growth likely stays in double digits through the festive season, though it may slow from September's 26% as dealer restocking fades.
For operators
Domestic volume at 6.37 lakh units, up 26%, shows demand running ahead of HMSI's overall growth, so two-wheeler dealers and suppliers should check stock and allocation plans, keeping in mind that monthly figures usually track dispatches to dealers rather than retail registrations.
Watch
HMSI's October sales release, and whether domestic growth stays near 26%
The report
Honda Motorcycle & Scooter India (HMSI) grew total sales 24 per cent year-on-year to 7,06,266 units in September. That compares with 5,68,164 units in September 2025.
up 24 per cent
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What to watch next
- September and October figures from Hero MotoCorp, TVS and Bajaj for comparison
- Retail registration data against wholesale dispatches, to show whether dealer inventory is building
- Any HMSI commentary on festive bookings or supply constraints
- Changes in retail financing terms or discount schemes from HMSI's rivals
Likely next moves
Our read of what comes next — analysis, not reported by the source.
- HMSI is likely to keep its festive-season dispatches and dealer-level push going, having just posted 26% domestic growth.
- Rival two-wheeler makers are likely to report strong September and October numbers and may answer with sharper festive financing and discount schemes.
- Dealers are likely to stock up on fast-moving models and scooters while demand is running ahead of last year.
- Lenders and retail-finance partners may extend low-down-payment and easy-EMI offers to capture the festive buying wave.
- HMSI may lean further on domestic volumes, since they grew faster (26%) than the total (24%).
The source
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First seen