The two-wheeler industry in India is gearing up for the festive season and in contrast to the four-wheeler segment, it continues to expect a healthy growth demand.

Taking a closer look at the company-wise sales performance for the month of September 2024, Hero MotoCorp the world’s largest two-wheeler maker reported 19 percent growth YoY in the domestic market. The company sold 616,706 two-wheelers, as against 519,789 units for the same period last year.

Hero MotoCorp states that there is a positive sentiment prevalent in the industry as it approaches the festive season on the back of a good monsoon. It has a strong pipeline of bookings and is experiencing increased customer footfall leading up to the festive season. The company expects healthy growth during the 32-day period starting from October 3.

Honda Motorcycle & Scooter India (HMSI) reported wholesales of 536,391 units, which was 9 percent higher than 491,802 units last year.

During the period the company attained a new sales milestone for its popular scooter the ‘Activa’, which went home to over 10 million customers in the South Indian states and union territories of Tamil Nadu, Karnataka, Telangana, Kerala, Andhra Pradesh, Puducherry, and Andaman & Nicobar Islands.

TVS Motor Co, too reported a healthy growth of 23 percent YoY with 369,138 two-wheelers sold, compared to 300,493 units for the same period last year.

The company’s EV sales registered a growth of 42 percent increasing from 20,356 units in September 2023 to 28,901 units in September 2024.

For Pune-based Bajaj Auto, the monthly two-wheeler sales jumped by 28 percent, from 202,510 units in September 2023 to 259,333 units in September 2024.

Chennai-based Royal Enfield, a leading mid-sized motorcycle manufacturer, continued to drive sales with its product offensive strategy. The company reported 7 percent growth for September 2024, selling 79,326 units, as against 74,261 units for the same period last year.

Overall, the two-wheeler segment is expected to see a robust demand driven by both rural and urban India as the festivities approach.

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Zelio E-Mobility, an electric two- and three-wheeler company, has appointed Divyanshu Agarwal as its Chief Executive Officer, effective 15 April 2026.

The appointment was approved by the Board of Directors following a recommendation from the Nomination and Remuneration Committee. Agarwal, a Chartered Accountant, joins the company from Navi, where he previously served as the Head of UPI Business and Growth.

In his new role, Agarwal will oversee the development and scaling of the company’s manufacturing infrastructure, including upcoming plants in Odisha and Coimbatore. His mandate includes strengthening operational execution, expanding market presence and scaling the distribution network.

During his tenure at Navi, Agarwal was involved in private equity fundraising and the firm’s Draft Red Herring Prospectus (DRHP) process, as well as managing cross-functional projects across finance and product development.

The leadership change follows Zelio E-Mobility’s recent listing on the public markets, where the company raised INR 783 million through an initial public offering. The IPO consisted of a fresh issue of INR 588 million and an offer for sale worth INR 155 million, achieving an overall subscription of 1.5 times.

The company currently maintains a network of over 350 dealers across 20 states and union territories, serving more than 200,000 riders under the ‘Zelio’ electric two-wheeler and ‘Tanga’ electric three-wheeler brands.

Divyanshu Agarwal, said, "Zelio is at a stage where growth needs to be backed by consistent execution and clarity in direction. The focus will be on strengthening the core, expanding reach in a measured way and building products that customers can rely on every day. The opportunity is significant, and the effort will be to build it with discipline."

Kunal Arya, MD, Zelio E-Mobility, added, "Divyanshu brings a strong understanding of both finance and business operations. He has seen how to build and scale in fast-moving environments. As we expand, the need is for sharper execution and long-term thinking, and he is well equipped to take that forward."

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India Yamaha Motor Pvt. Ltd. has unveiled a major design overhaul for the Fascino 125 Fi Hybrid, repositioning the scooter to better align with contemporary lifestyles and youth fashion preferences. The updated model introduces a more compact and modern silhouette, moving away from its previous look to resonate strongly with younger riders.

The most striking change appears at the rear, where a completely reworked tail section, new taillights, flashers and the signature V-shaped light design create a balanced and upscale appearance. These design upgrades, including fresh decals, were developed entirely by Yamaha’s Indian R&D team based on direct customer input. This customer‑driven approach underlines Yamaha’s dedication to blending aesthetics with functionality, all while keeping the Fascino’s trusted performance and fuel efficiency intact.

Since its 2015 launch as a fashion‑forward 110 cc unisex commuter, the Fascino has undergone several key transformations. It became a BS6‑compliant 125 cc fuel‑injected model in 2019, then evolved into Yamaha’s first hybrid scooter in 2021 with Smart Motor Generator technology and Power Assist. The 2025 update added Enhanced Power Assist, a colour TFT display and the Answer Back feature. This month, Yamaha celebrates producing 1.5 million units of the Fascino, a milestone that highlights sustained customer trust and timely upgrades.

Powering the Fascino 125 Fi Hybrid is Yamaha’s Blue Core Hybrid 125 cc air‑cooled, fuel‑injected SOHC two‑valve engine, which refines performance and efficiency. Key features include telescopic suspension, a side stand engine cut‑off, 21 litres of under‑seat storage and E20 fuel compatibility. The hybrid system, featuring Silent Start, Stop & Start System and Enhanced Power Assist, improves acceleration on inclines or under load while saving fuel. The premium Fascino S variant adds a colour TFT cluster with turn‑by‑turn navigation and the Answer Back function, all within a compact 1780 mm length.

The colour options and starting prices are as follows:

Hajime Aota, Chairman, Yamaha Motor India Group, said, “The journey of Yamaha’s Fascino reflects our unwavering dedication to evolving with our customers. While our 1.5 million production milestone stands as a powerful testament to the trust placed in our products, we remain committed to pushing boundaries. As the preferences of today’s youth shift towards more diverse and sophisticated expressions of style, the new Fascino has been thoughtfully transformed into a trendsetting, unisex mobility solution. This evolution, led by our India-based R&D team, ensures that the refined design and trusted hybrid performance resonate with every rider seeking a perfect blend of innovation and practicality. We believe this new chapter for the Fascino will redefine the standard for urban commuting in India.”

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Zelio E-Mobility has announced its first major sports partnership, joining Punjab Kings as the team’s Official EV Partner for the 2026 Indian Premier League (IPL) season. The agreement includes branding rights, digital media integration and in-stadia activations throughout the tournament. The company intends to use the platform to increase brand awareness in Tier 2 markets and support its expansion across India.

As part of the association, the manufacturer will showcase its X Men 2.0 and the newly released X Men+ models. These electric two-wheelers will be featured across various team touchpoints, including jersey branding and social media campaigns. The partnership follows Zelio E-Mobility’s recent initial public offering, which raised INR 783.4 million to fund its growth operations.

The company currently maintains a network of over 350 dealer outlets across 20 states and union territories. Its portfolio includes electric two-wheelers under the Zelio brand and the Tanga line of e-rickshaws, serving a total customer base of more than 200,000 riders. The management indicated that the partnership aligns with a strategy to invest in brand equity alongside its manufacturing scaling.

Kunal Arya, Managing Director, Zelio E-Mobility, said, “Cricket continues to be one of the most powerful platforms to connect with audiences across India. Our association with Punjab Kings allows us to engage with a wide consumer base while strengthening Zelio’s brand presence in a culturally relevant environment. As we scale our operations, such partnerships play a role in aligning visibility with growth momentum.”

Saurabh Arora, Chief Commercial Officer, Punjab Kings, said, “We are delighted to welcome Zelio Electric Scooters as our Official EV Partner for the season. This partnership reflects the growing synergy between sport and sustainable innovation. As a franchise, we are committed to aligning with forward-looking brands that resonate with today’s consumers, and Zelio’s focus on electric mobility and accessibility makes them a strong strategic fit for Punjab Kings. Through this association, we aim to create meaningful fan engagement while contributing to the broader narrative around clean and responsible mobility.”

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Pune-headquartered two-wheeler and three-wheeler major Bajaj Auto has announced a price reduction for the Dominar 400, making the motorcycle more accessible at INR 203,214 (ex-showroom Delhi).

The updated model is equipped with a 350cc engine and is priced approximately INR 37,000 lower than the previous iteration. This adjustment results from a lower upfront cost and the passing of GST benefits to customers without altering the vehicle's touring capabilities.

The motorcycle is designed to function as an all-rounder, suitable for both daily commuting and long-distance travel.

By repositioning the Dominar 400, Bajaj Auto aims to increase the adoption of sports and touring motorcycling in India. The mechanical specifications are intended to maintain the power and endurance associated with the Dominar nameplate while lowering the total cost of ownership for enthusiasts.

This strategic shift follows the company's objective of democratising the touring segment. The new price point is expected to attract riders transitioning from lower-capacity segments who require a vehicle capable of sustained high-speed travel and comfort over distance.

Sarang Kanade, President - MCBU, Bajaj Auto, said, "Dominar has always stood for our touring DNA - powerful, capable, and built for the long road. With the new Dominar 400 with 350cc engine we are staying true to that promise while making it significantly more accessible. Riders get the same Dominar experience they love, but now with a much lower cost of ownership, including meaningful savings. This is a decisive step towards democratizing touring and sports motorcycling in India."

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