Hero MotoCorp , the world's largest manufacturer of motorcycles and scooters, delivered exceptional performance in February 2026, dispatching 558,216 units and achieving a robust 44% year-on-year growth. This represents a significant increase from the 388,068 units dispatched during the same period last year, marking the company's strongest dispatch performance for the month. The results exceeded analyst estimates of 531,000 units, demonstrating the company's strong market execution.

Strong Performance Across Key Segments

The company's February 2026 performance was characterized by growth across multiple business segments. Hero MotoCorp recorded 18% year-on-year growth with 458,346 VAHAN registrations during the month, demonstrating strong consumer demand and market acceptance.

Scooter Segment and Motorcycle Growth Drivers

The strong February 2026 performance was primarily driven by continued momentum in the scooter segment, supported by growing consumer preference for new and refreshed models including Xoom and Destini. The 100cc-125cc motorcycle segment recorded impressive growth, providing substantial boost to overall volumes.

VIDA Electric Mobility Business Expansion

VIDA, Hero MotoCorp's emerging mobility business, continued its growth trajectory by recording a three-fold increase in market share compared to the same period last year. The electric mobility division achieved 12,514 VAHAN registrations in February 2026, highlighting growing electric mobility adoption by consumers across key markets.

Global Business Maintains Strong Momentum

The company's global business segment maintained robust growth momentum, recording dispatch growth of approximately 34% with 41,248 units in February 2026 compared to 30,772 units during the same period last year. This growth across all international markets was primarily driven by positive consumer response to the company's premium portfolio.

Recognition and Awards

Hero MotoCorp received significant industry recognition during this period:

BBC TopGear India Awards 2026:

• Two-Wheeler Manufacturer of the Year
• Glamour X 125: Entry Level Bike of the Year
• Xtreme 250R: Entry Level Performance Bike of the Year

Auto Excellence Awards 2026 by CarBike360:

• Two-Wheeler Manufacturer of the Year
• Glamour X 125: Bike of the Year
• VIDA: Two-Wheeler EV Brand of the Year

The February 2026 results demonstrate Hero MotoCorp's strong market position and successful execution across domestic and international markets, with particular strength in both traditional and electric mobility segments.

Hero MotoCorp Limited has delivered exceptional financial performance for the third quarter ended December 31, 2025, reporting its highest ever quarterly revenue and normalized profit after tax. The world's largest manufacturer of motorcycles and scooters announced these results following a Board meeting held on February 5, 2026, and subsequently hosted an earnings conference call on February 6, 2026.

Record Financial Performance

The company achieved remarkable growth across key financial metrics during Q3 FY26, with net profit slightly below analyst estimates:

The company's EBITDA margin for the quarter stood at 14.69%, representing an expansion of 23 basis points over the previous year. The reported net profit of Rs. 1,348.55 crore came in slightly below analyst estimates of Rs. 1,390.00 crore due to an exceptional provision of Rs. 119.00 crore related to new labour code compliance.

Volume Growth and Market Performance

Hero MotoCorp demonstrated strong operational performance with 16.97 lakh units of motorcycles and scooters sold during Q3 FY26, compared to 14.64 lakh units in the corresponding quarter of the previous fiscal year. This represents a robust 16% year-on-year volume growth, driven by the company's highest ever festive season performance.

The growth was particularly notable in the ICE scooter segment, which witnessed solid growth of 55%. The company maintained its market leadership position across key segments, gaining market share in the 100cc-125cc category led by popular models including Splendor, Glamour, Xtreme, and HF Deluxe in motorcycles, and Xoom, Destini, and Pleasure in scooters.

Leadership Transition and Strategic Vision

During the earnings conference call, newly appointed CEO Harshavardhan Chitale outlined the company's strategic focus on five key growth pillars: scooters, premium motorcycles, global markets, electric vehicles, and parts & accessories business. Chitale, who joined the company in January 2026, emphasized the company's unique position with the largest vehicle park size in India, creating significant opportunities in the aftermarket parts business.

Strategic Investments and Business Expansion

The Board approved several strategic investments to strengthen the company's future growth prospects:

The additional investment in Euler Motors will increase Hero MotoCorp's stake from 34.1% to approximately 36% on a fully diluted basis, enhancing participation in the rapidly growing electric three and four-wheeler market.

Interim Dividend and Key Appointments

Reinforcing its commitment to shareholder returns, the Board approved an interim dividend of Rs. 110.00 per equity share, representing 5,500% of the face value of Rs. 2.00 per share. The record date for determining dividend entitlement has been fixed as February 11, 2026, with payment completion scheduled by March 7, 2026.

Market Outlook and Growth Strategy

Management expressed confidence in the industry's growth prospects, expecting double-digit growth in the current quarter driven by strong post-festive demand and favorable macroeconomic conditions. The company reported strong performance across key markets, with particular strength in Bangladesh where it maintains market leadership, and Colombia where volumes grew over 200% with market share expanding from 5% to 9%.

For the nine months ended December 31, 2025, Hero MotoCorp reported revenue from operations of Rs. 34,033.61 crore, reflecting 10% growth, with normalized PAT of Rs. 3,957.00 crore representing 12% growth over the previous year.