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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Pune-headquartered two-wheeler and three-wheeler major Bajaj Auto has registered total sales of 591,876 units in October 2026, marking a 14 percent YoY increase compared to 518,170 units recorded in October 2025.

Domestic dispatches for October 2026 reached 351,148 units, representing a 12 percent rise over 314,148 units in the same month of the previous year.

Export volumes grew by 18 percent to 240,728 units compared to 204,022 units in October 2025. Two-wheeler dispatches rose 13 percent to 501,194 units from 442,316 units, comprising 292,885 domestic units and 208,309 export units.

Three-wheeler dispatches expanded 20 percent to 90,682 units against 75,854 units in October 2025, driven by 58,263 domestic units and 32,419 export units.

For the cumulative April to October period of FY 2026-27, total sales reached 3.57 million units, up 22 percent from 2.92 million units in the corresponding period of FY 2025-26.

Cumulative domestic dispatches rose 8 percent to 1.82 million units, while cumulative exports grew 42 percent to 1.75 million units. Two-wheeler year-to-date volumes expanded 22 percent to 3 million units, and commercial vehicle year-to-date volumes increased 23 percent to 571,304 units.

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Hero MotoCorp, the world’s largest two-wheeler manufacturer, has reported its wholesales of 734,403 units for October 2026, registering a 16 percent YoY growth compared to 635,808 units dispatched during the corresponding month of the previous year.

Motorcycle sales reached 629,800 units in October 2026, up from 570,753 units in October 2025, while scooter sales expanded to 104,603 units from 65,055 units.

In the domestic market, sales across ICE and electric vehicle segments totalled 705,084 units for the month against 604,829 units in the previous year, with retail registrations on VAHAN recorded at 589,665 units.

Domestic internal combustion engine (ICE) operations accounted for 675,017 units in October 2026, representing a 14 percent increase over 590,806 units in October 2025, supported by dispatches in the scooter and 100cc motorcycle segments.

Hero MotoCorp's electric vehicle business unit, VIDA, recorded dispatches of 30,143 units in October 2026, with VAHAN retail figures increasing 80 percent YoY. The brand's market share within the electric two-wheeler segment grew to 13.6 percent in October 2026, up from 11.1 percent in October 2025. Export dispatches for the company stood at 29,319 units in October 2026 compared to 30,979 units in the same month of the prior year.

For the year-to-date FY27 period, cumulative dispatches reached 4.27 million units, up from 3.69 million units recorded during the corresponding period of FY26. Domestic year-to-date volumes expanded to 4.05 million units from 3.48 million units, while export dispatches grew to 219,961 units from 206,976 units.

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Chennai-headquartered two-wheeler major Royal Enfield has announced its wholesales for October 2026, selling 133,442 units, marking a 7 percent YoY growth compared to 124,951 units sold in October 2025.

Domestic dispatches reached 121,527 units for the month, representing a 4 percent increase over 116,844 units in October 2025. Export sales expanded 47 percent YoY to 11,915 units compared to 8,107 units in the corresponding month of the previous year.

Driven by demand across September and October 2026, cumulative festive sales reached 267,400 units. For YTD FY 2026-27 period, total sales rose 18 percent to 842,538 units, compared to 716,854 units in FY 2025-26.

During the month, Royal Enfield opened registrations for the 125th Anniversary Edition Hypershift Classic 650, with the 125 units allocated for India selling out within 360 seconds.

The brand also expanded its Flying Flea electric mobility retail footprint to Hyderabad and Pune. Internationally, Royal Enfield launched the Classic 650 125th Anniversary Edition in the APAC region, introduced the Guerrilla Apex 450 in Malaysia, opened an exclusive store in Taiwan and partnered with the Madhya Pradesh Tourism Board for a two-year riding initiative.

B. Govindarajan, Managing Director, Eicher Motors and Chief Executive Officer, Royal Enfield, said, "It has been an exceptional festive season for us at Royal Enfield. Riders across the country continue to choose our brand and motorcycles, making this our best-ever festive performance. The strong response across our portfolio - from iconic favourites like the Classic 350 to new additions like the Himalayan 440 - reflects the enduring bond we share with our riding community. As the festive season enters its final stretch, we are ramping up production to meet the growing demand. Our key international markets have also begun showing a positive growth trajectory. Furthermore, we continued expanding the Flying Flea footprint across India, extending its retail presence to two additional major urban hubs: Hyderabad and Pune. The weeks ahead will be even more exciting as we gear up to celebrate with our community at Motoverse."

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Chennai-headquartered two-wheeler and three-wheeler major TVS Motor Company, part of TVS VENU, has announced its wholesale figures for October 2026.

The company registered total sales of 700,134 units in October 2026, representing a 29 percent increase compared to 543,557 units sold in October 2025.

Total two-wheeler dispatches grew by 28 percent to 670,679 units in October 2026, up from 525,150 units in the corresponding month of the previous year.

Domestic two-wheeler sales accounted for 514,764 units, marking a 22 percent rise over the 421,631 units recorded in October 2025. Electric two-wheeler volumes expanded by 120 percent YoY, reaching 71,382 units in October 2026 compared to 32,387 units sold in October 2025.

In international markets, total export dispatches grew by 51 percent to 175,350 units in October 2026, up from 115,806 units in October 2025.

Two-wheeler exports within the international segment registered a 51 per cent increase to 155,915 units compared to 103,519 units in October 2025.

Three-wheeler sales across markets rose by 60 percent to 29,455 units in October 2026 from 18,407 units in the previous year.

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