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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Chennai-headquartered two-wheeler and three-wheeler major TVS Motor Company has reported revenue of INR 138.96 billion for Q1 FY2027, marking a 38 percent increase compared to INR 100.81 billion in the corresponding period of the previous year.

For Q1 FY2027, EBITDA reached INR 17.79 billion, up 41 percent from INR 12.60 billion, Profit After Tax grew by 51 percent to INR 11.74 billion, compared to INR 7.76 billion for the same period last year.

The company reported its overall two- and three-wheeler sales grew by 28 percent to 1.63 million units, up from 1.28 million units.

In the two-wheeler segment motorcycle sales increased by 19 percent to 740,000 units, while scooter sales grew by 36 percent to 680,000 units.

Electric two-wheeler sales grew by 86 percent to 129,940 units, bringing the total customer base past 1-million-unit milestone. Three-wheeler sales grew by 48 percent to 66,697 units.

The overall exports grew by 33 percent to 470,000 units.

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Pune-headquartered two-wheeler and three-wheeler major Bajaj Auto has announced its financial results for Q1 FY2027, with revenue from operations coming at INR 172.44 billion, marking a 37 percent YoY, as compared to INR 125.84 billion last year.

The EBITDA came at INR 35.96 billion, while Profit after Tax reached INR 29.83 billion, both rising over 40 percent YoY, as against INR 20.96 billion last year.

During Q1, total sales reached 1.43 million units, representing a 29 percent increase YoY, which includes 1.22 million two-wheelers, up 29 percent YoY and 215,699 three-wheelers, up 33 percent YoY.

Bajaj Auto stated that its domestic revenues grew 26 percent YoY, with electric vehicles accounting for approximately 30 percent of the domestic business.

On the exports front, volumes surpassed 700,000 units, generating record revenues driven by growth in Latin America and Africa.

Three-wheeler sales saw revenues grow by 25 percent YoY, supported by electric three-wheelers.

Bajaj Auto’s free cash flow additions exceeded INR 23 billion, leaving surplus funds of over INR 210 billion at the close of the quarter.

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Bengaluru-based battery swapping technology company Indofast Energy and Hala Mobility have announced a partnership to deploy 40,000 electric two-wheelers by March 2027, with a target of 100,000 units by March 2028.

The collaboration has already deployed 15,000 electric two-wheelers across Hyderabad, Bengaluru, Delhi NCR and Mumbai. The partnership utilises battery-swapping infrastructure across cities, with expansion planned for Pune, Chennai and Jaipur. Indofast Energy operates a network of swap stations across 24 cities supporting vehicles.

Rajat Malhan, Chief Business Officer, Indofast Energy, said, "Our partnership with Hala Mobility demonstrates what happens when reliable energy infrastructure meets ambitious fleet deployment - rapid, scalable EV adoption that works for riders, operators, and the environment. Reaching 15,000 vehicles in under a year validates that battery swapping is the default choice for fleet operators who prioritise uptime and economics. As we scale toward 40,000 vehicles by March 2027 and 1 lakh by 2028, we are building the kind of integrated ecosystem that will define India's commercial EV transition; making swappable battery EVs the most practical and profitable choice for last-mile logistics."

Srikanth Reddy, Founder, Hala Mobility, said, "At Hala Mobility, we are committed to democratising electric mobility for India's delivery workforce. Partnering with Indofast Energy allows us to integrate our fleet with robust battery swapping infrastructure, ensuring our riders experience zero downtime and maximum daily earnings. Our rapid scale-up to 15,000 vehicles proves that the model is effective towards creating a highly efficient, sustainable, and inclusive EV ecosystem across India.”

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Classic Legends, an Indian motorcycle manufacturer by the Mahindra Group the makers of Jawa, Yezdi and BSA brands, celebrated the 24^th Edition of International Jawa-Yezdi Day (IJYD) on 12 July 2026.

The event, which began as an initiative among motorcycle owners, involved over 7,500 riders across 150 cities in India this year. The celebration included 40 enthusiast communities in India and participants in 11 countries, who marked the occasion through rides and gatherings. The event united owners of vintage motorcycles with riders of current Jawa and Yezdi models.

Anupam Thareja, Co-Founder, Classic Legends, said, "24-years ago, International Jawa-Yezdi Day began as a simple expression of passion among riders who wanted to celebrate the motorcycles they loved. Today, it has grown into a global tradition that transcends borders and generations. What makes IJYD truly special is that it belongs to the riders themselves. Every ride, every gathering and every shared story keeps this legacy alive. More importantly, it celebrates the friendships, communities and memories built around these motorcycles. We are honoured to be a part of movement that continues to grow stronger with every passing year."

The festivities were organised by more than 40 rider clubs, along with dealerships and enthusiast communities.

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