India’s two-wheeler industry continued its strong growth momentum in February 2026. The top six manufacturers collectively recorded total sales of 22,37,554 units, registering a 32.99% year-on-year growth as compared to 16,82,460 units sold in February 2025. However, on a month-on-month basis, the total volume witnessed a marginal decline of 1.12% compared to January 2026. The growth was largely driven by strong domestic demand as well as strong export performance from many manufacturers.
Two-Wheeler Sales February 2026 – Domestic
In the domestic market, Hero MotoCorp retained its leadership position with sales of 5,16,968 units in February 2026, registering a strong growth of 44.69% YoY as compared to 3,57,296 units sold in February 2025. It was followed by Honda Motorcycle & Scooter India, which reported 5,13,190 units, registering 33.67% YoY growth.
TVS Motor Company took the third position with 3,65,471 units, showing a growth of 32.38% year-on-year. Bajaj Auto stood second with 27.39% YoY growth at 1,86,164 units. Suzuki Motorcycle India sold 1,01,071 units, registering a growth of 38.05% YoY, while Royal Enfield sold 91,248 units, registering a growth of 12.93% YoY. Overall, the top six brands recorded a combined total of 17,74,112 domestic sales, up 34.66% year-on-year.
Two-Wheeler Sales February 2026 – Exports
In export markets, Bajaj Auto continued to dominate with sales of 1,93,757 units overseas, registering a growth of 26.41% year-on-year. TVS Motor stood second with exports of 1,42,391 units, registering a growth of 22.94% year-on-year. Honda shipped 54,161 units, a growth of 40.56% year-on-year.
Hero MotoCorp exported 41,248 units, up 34.04% YoY, while Suzuki exported 22,228 units, up 32.70% YoY. Royal Enfield exported 9,657 units, witnessing a marginal decline of 2.17% year-on-year. Total exports of these six brands stood at 4,63,442 units, registering a growth of 26.96% year-on-year.
Two-wheeler sales in February 2026 – total
Combining domestic and export volumes, Honda Motorcycle & Scooter India emerged as the overall leader by selling 5,67,351 units in February 2026, up 34.30% year-on-year. Hero MotoCorp stood second with 5,58,216 units, registering the highest growth among top manufacturers at 43.84% YoY.
TVS Motor Company took the third position with 5,07,862 units, showing a growth of 29.59% year-on-year. Bajaj Auto sold 3,79,921 units, registering a 26.89% YoY growth, while Suzuki Motorcycle India sold 1,23,299 units, registering a 37.05% YoY growth. Royal Enfield completed the list with 1,00,905 units, registering a growth of 11.29% YoY.
market overview
The February 2026 figures show a strong recovery in demand for two-wheelers, especially in the domestic market where most brands recorded double-digit growth. Export markets also remained stable, contributing significantly to the overall sales of companies like Bajaj and TVS. Despite the strong year-on-year performance, the slight month-on-month decline indicates a decline in dispatches following strong January volumes, a common trend seen towards the end of the financial year.
