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AUTO PUNDITZ

Yamaha Sales July 2026 – Ray Leads as R15, Aerox Drive Strong Growth

Yamaha Motor India recorded a strong performance in July 2026, with total dispatches reaching 72,579 units, compared with 50,365 units in July 2025. This translates into a robust 44% year-on-year growth.


On a month-on-month basis as well, Yamaha maintained positive momentum. Dispatches increased by 9% from 66,573 units in June 2026.


The company’s July performance was led by the Yamaha Ray scooter, while the R15 and MT-15 continued to provide strong volumes in the premium motorcycle segment. The Aerox emerged as one of the fastest-growing products in Yamaha’s portfolio.


Yamaha Model-wise Sales – July 2026

Model

July 2026

July 2025

YoY Growth

June 2026

MoM Growth

Ray

23,760

16,421

45%

22,782

4%

R15

10,505

6,623

59%

9,261

13%

MT-15

10,347

8,514

22%

10,094

3%

FZ

9,912

11,110

-11%

9,824

1%

Fascino

8,185

5,450

50%

8,790

-7%

XSR

5,032

New

4,199

20%

Aerox

4,544

2,239

103%

1,455

212%

EC06

294

New

168

75%

R3

0

8

-100%

0

Total

72,579

50,365

44%

66,573

9%


  • The Yamaha Ray was Yamaha’s top-selling model in July 2026, with 23,760 units dispatched. This represents a 45% YoY increase from 16,421 units in July 2025 and a 4% MoM growth from 22,782 units in June 2026.

  • The Yamaha R15 was a top performer with 10,505 units sold in July, marking a 59% YoY increase from 6,623 units in July 2025 and a 13% rise from June 2026.

  • The Yamaha MT-15 recorded 10,347 units dispatched, remaining in Yamaha’s top three products. Volumes increased 22% YoY from 8,514 units in July last year, with a 3% month-on-month sales improvement.

  • The Yamaha FZ saw a year-on-year decline, with dispatches at 9,912 units, down 11% YoY from 11,110 units in July 2025. However, volumes remained stable sequentially, increasing by 1% compared with June 2026.

  • The Yamaha Fascino recorded 8,185 units in July 2026, a 50% YoY growth from 5,450 units last year. However, volumes declined 7% from 8,790 units in June.

  • Yamaha’s newer XSR motorcycle contributed a meaningful 5,032 units in July.

    This represented a strong 20% increase over June 2026, when the model recorded 4,199 units.

  • Yamaha's standout performer in July was the Aerox, with dispatches reaching 4,544 units. This marked a 103% YoY growth compared to 2,239 units in July 2025, and a remarkable 212% MoM growth from 1,455 units in June.

  • Yamaha’s EC06 electric scooter recorded 294 units dispatched in July 2026, a 75% MoM increase from 168 units in June, though volumes are still small compared to Yamaha’s ICE portfolio.

  • The Yamaha R3 registered no dispatches during July 2026, compared with eight units in July 2025.

Yamaha registered 72,579 units in July 2026, growing 44% YoY and 9% MoM, with Ray remaining the brand’s bestselling model.
Yamaha registered 72,579 units in July 2026, growing 44% YoY and 9% MoM, with Ray remaining the brand’s bestselling model.

Auto Punditz Take

Yamaha’s 44% YoY growth in July 2026 was broad-based rather than being driven by a single model.


The Ray remained the company’s volume anchor, while the R15 and MT-15 continued to demonstrate Yamaha’s strength in sporty motorcycles. At the same time, newer or relatively niche products such as the XSR and Aerox are beginning to contribute meaningful incremental volumes.


The Aerox’s 103% YoY and 212% MoM growth is particularly noteworthy, suggesting that the premium scooter category could become an increasingly important opportunity for Yamaha.


The key weak spot remains the FZ, whose volumes declined 11% YoY despite the overall Yamaha portfolio expanding sharply.


With Ray, R15, MT-15, XSR and Aerox all contributing positively, Yamaha entered the second half of 2026 with significantly stronger product momentum than it had a year ago.

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