Hero MotoCorp

Maruti Suzuki sold 241,421 units with domestic dispatches at an all-time high of 200,123, Hyundai posted its highest-ever 75,360, Tata's passenger vehicles rose about 58 percent and Mahindra sold 103,860. Two-wheelers ran with it, TVS at 629,675 against 456,350 and Bajaj at 474,677 against 366,000. Hero was the one miss at 533,416 against an estimate of 555,050, so the volume is broad but not uniform.

Domestic sales slipped while exports rose about 33 percent to 38,269. Motorcycles declined, though scooters grew to 62,458 units. Still, Q1 dispatches were up 23 percent at about 16.8 lakh units.

India's largest two-wheeler maker already has a flex-fuel commuter bike on the road and is pushing towards full E100 ethanol capability.

Scooter volumes more than doubled to 66,305 units, up 103.78% YoY, with scooter share rising to 11.63% of total sales. Exports surged 77.95% YoY to 33,284 units.

India's premium EV two-wheeler market is growing fast. Hero's shift in emphasis signals a competitive response to Ola Electric, TVS and Bajaj Chetak gaining ground in the segment.