Yamaha Motor India posted a strong performance in February 2026, with key models like Ray and FZ leading the growth momentum. However, the brand also witnessed notable declines in select scooter and performance segments, indicating a mixed portfolio performance.
Here’s a detailed model-wise breakdown:
Scooter Segment Performance
Ray Leads the Charge
The Ray continues to be Yamaha’s volume driver:
-
Feb 2026: 22,593 units
-
YoY Growth: +61%
-
MoM Growth: +14%
Strong urban demand and affordability are likely contributing factors.
Fascino Faces Decline
-
Feb 2026: 5,798 units
-
YoY Growth: -27%
-
MoM Growth: +2%
Despite a slight MoM recovery, the YoY drop suggests weakening demand or internal competition.
Aerox Struggles
-
Feb 2026: 1,938 units
-
YoY Growth: -13%
-
MoM Growth: -32%
The premium scooter segment appears under pressure, possibly due to pricing sensitivity.
Motorcycle Segment Performance
FZ Range Shines Bright
-
Feb 2026: 16,852 units
-
YoY Growth: +76%
-
MoM Growth: +35%
The FZ series continues to dominate Yamaha’s motorcycle lineup with strong demand across markets.
MT-15 Shows Stability
-
Feb 2026: 9,630 units
-
YoY Growth: +1%
-
MoM Growth: -13%
While YoY growth is flat, MoM decline suggests temporary slowdown after a strong January.
R15 Maintains Momentum
-
Feb 2026: 9,246 units
-
YoY Growth: +29%
-
MoM Growth: +11%
The R15 remains a consistent performer in the premium entry-level sports segment.
XSR Drops Sharply
-
Feb 2026: 924 units
-
MoM Growth: -77%
A steep decline compared to January (4,087 units) indicates either supply constraints or demand fluctuations.
Electric & Niche Segment
EC06 (Electric Scooter)
-
Feb 2026: 92 units
-
Still in early stages with minimal contribution
R3 Performance Segment
-
Feb 2026: -1 unit
-
YoY Growth: -102%
Key Highlights
-
Ray scooter emerges as top performer with 61% YoY growth
-
FZ motorcycle range surges 76% YoY, showing strong demand
-
MT-15 growth remains flat YoY (+1%) but declines MoM
-
Fascino and Aerox witness YoY decline
-
XSR sees sharp MoM drop (-77%)
-
R3 sales turn negative, indicating possible data adjustment or returns
