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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Eicher Motors announced its financial results for Q2 FY2027, reporting revenue from operations of INR 74.22 billion, representing a 20 percent increase YoY, EBITDA grew 16 percent to INR 17.60 billion, while profit after tax rose 15 percent to INR 15.73 billion.

During the quarter, Royal Enfield sold 376,722 motorcycles, a 15 percent YoY growth. The company also introduced the Himalayan 440, the Classic 350 Gorkha Edition and expanded the Flying Flea C6 electric motorcycle across European cities including Paris, Barcelona, Rome, Berlin, and London, alongside ranking first in the two-wheeler category in the 2026 Federation of Automobile Dealers Associations Dealer Satisfaction Survey.

On the other hand, VE Commercial Vehicles (VECV) reported revenue of INR 75.69 billion, up 24 percent, with EBITDA rising 23 percent to INR 5.88 billion and profit after tax reaching INR 3.42 billion on sales of 28,071 units, representing a 28.2 percent increase.

B Govindarajan, Managing Director, Eicher Motors and CEO, Royal Enfield, said, “Q2 of FY27 has been the best-ever quarter for Eicher Motors, with both Royal Enfield and VECV delivering solid performances. At Royal Enfield, the robust demand across domestic and key international markets drove our highest-ever quarterly and festive wholesales across September and October. This reflects the strength of our portfolio and growing affinity for the brand, even as market conditions continue to evolve. During the quarter we launched the Himalayan 440, which received exceptional demand, and introduced the Classic 350 Gorkha Edition, along with several other portfolio refreshes. Our international markets continued to grow, supported by new launches and deeper engagement with riders. A significant milestone was the introduction of the Flying Flea C6, our first electric motorcycle, across five cities in Europe and the UK, building on its growing presence in India. Our community and culture engagements expanded in reach and format through initiatives such as One Ride where over 150,000 riders across 60 countries participated for the cause of Snow Leopard Conservation. Looking ahead, our focus remains on scaling up production to ensure inventory readiness and deepening our engagement with the community across the globe.”

B Srinivas, MD and CEO, VECV, said, “VECV achieved its best-ever Q2 sales, with 28,071 units sold, an increase of 28.2 percent. Our Engineering Components and Power Solutions divisions also delivered strong growth. The recently launched Pro X passed 5,000 cumulative sales, a sign of both its strong reception among customers and their confidence in the Eicher brand. Volvo Buses and Volvo Trucks maintained healthy delivery levels, as customers increasingly see the value of world-class solutions in India’s fast-modernising transport landscape. Revenue from operations rose 24 percent YoY and profit after tax grew 37 percent over the same period, a result that reflects disciplined execution that overcame supply chain challenges and inflation pressures linked to the lingering West-Asian crisis. During the quarter, we reaffirmed our commitment to deliver industry-leading uptime to Eicher truck and bus customers with the inauguration of our state-of-the-art Uptime Next Center in Pithampur.”

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Chennai-headquartered two-wheeler and three-wheeler company TVS Motor Company has announced a reshuffle in its senior leadership team.

Gaurav Gupta, President of India Two-Wheeler Business and Senior Management Personnel at TVS Motor Company, has resigned from his position, effective at the close of business on 24 December 2026, to pursue an external opportunity.

Concurrently, the company announced organisational changes effective 20 November 2026. Aniruddha Haldar, currently Senior Vice-President and Business Head for Commuter Mobility and Head of Corporate Brand and Media, will assume the expanded role of Senior Vice-President for People Mobility within the India Two-Wheeler Business.

A Rajkumar will continue as Senior Vice-President for Business Planning while taking on leadership of special projects in the Asian overseas business.

Madhu Prakash Singh, Vice-President for International Business, will expand his portfolio to include New Mobility Programmes alongside his mandate for the International Commuter Mobility Business.

Sheikh Mohammed Imran, Associate Vice-President for Retail Transformation in India, will additionally lead Retail Transformation for International Business to oversee retail capabilities across global markets.

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BMW Motorrad India has introduced the 'Sport' variant of the BMW F 450 GS adventure motorcycle in India, priced at INR 590,000 (ex-showroom).

The BMW F 450 GS Sport features Racing Red paintwork, a clear Rallye windscreen, black hand protectors, off-road footrests, and a plastic engine guard. Technical and equipment additions to the Sport variant include Sport Suspension, Gear Shift Assistant Pro, and Riding Modes Pro.

The motorcycle is powered by a newly developed two-cylinder inline engine generating 48 hp and 43 Nm of torque. Standard electronic assistance systems and hardware include ABS Pro, Dynamic Traction Control, Dynamic Brake Control, Engine Drag Control, and a 6.5-inch TFT instrument display operated via a multi-controller interface.

Financing solutions offered through BMW India Financial Services include monthly instalments starting at INR 9,999. The motorcycle comes with a standard warranty covering three years with unlimited kilometres, with options to extend coverage to a fourth and fifth year alongside 24x7 roadside assistance.

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Hero MotoCorp, the world’s largest two-wheeler manufacturer, has launched the Xtreme 125R Stealth Edition with TFT, introducing technology and safety features to its sporty 125cc motorcycle segment. The model is available across Hero MotoCorp dealerships nationwide at a price of INR 116,250 (ex-showroom, pan-India).

The new variant incorporates a 4.2-inch TFT instrument display with Bluetooth connectivity, integrating turn-by-turn navigation, call and SMS notifications and music playback controls.

The motorcycle features a Tyre Pressure Monitoring System (TPMS) providing real-time pressure readouts and system alerts, marking the introduction of the technology to the 125cc motorcycle category. Visual updates include coloured alloy wheels and a Midnight Black paint finish with Pearl Red accents. The model retains its existing mechanical specifications, featuring dual-channel ABS, cruise control, and three selectable riding modes comprising Rain, Road, and Sport.

Ashutosh Varma, CBO – India Business Unit, Hero MotoCorp, said, "The sporty 125cc segment continues to evolve rapidly, driven by young customers who seek motorcycles that reflect their aspirations—not just through performance and design, but also through advanced technology. The Xtreme 125R has already established itself as a benchmark in the category by bringing premium engineering and segment-leading features. The new Stealth Edition with TFT, further raises the bar by making connected technology and intelligent safety features even more accessible while creating lasting value for our customers and empowering them to truly Live Xtreme."

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