India’s two-wheeler market recorded healthy growth with total sales of 22,66,961 units in March 2026 compared to 19,21,819 units in March 2025, registering a 17.96% YoY growth. The top 6 manufacturers – Hero, Honda, TVS, Bajaj, Suzuki and Royal Enfield – continued to dominate the market, contributing the bulk of the domestic and export markets.
Sales of two-wheelers in FY 2026 – Total
Looking at the performance for the entire FY26, the industry maintained strong momentum and total sales reached 2,65,43,018 units, up 14.59% YoY. Hero MotoCorp remained the best-selling brand with 64,68,834 units (+9.66%) but Honda is fast closing the gap with 63,69,504 units, registering a more robust growth of 17.86%.
TVS emerged as the fastest growing major OEM, registering 23.02% YoY growth at 56,70,000 units led by strong domestic and export performance. Bajaj recorded 43,16,850 units (+8.40%), while Suzuki clocked 14,39,415 units (+14.59%).
Royal Enfield also delivered a solid year with 12,38,659 units (+22.65%) supported by its expanded portfolio. Yamaha, also among the key players, registered 10,39,756 units, growing at a modest rate of 3.79% year-on-year, indicating relatively stable demand compared to peers.
Two-Wheeler Sales March 2026 – Total
Hero MotoCorp retained its leadership position with 5,98,198 units, registering a growth of 8.50% YoY. Honda stood second with 5,49,145 units, registering a strong growth of 28.47%, making it one of the fastest growing brands among the top players. TVS Motor Company took the third position with 4,98,584 units, up 24.61% YoY, while Bajaj Auto reported 20.51% YoY growth at 3,80,473 units. Suzuki and Royal Enfield joined the list with 1,28,227 units (+1.64%) and 1,12,334 units (+11.20%) respectively.
On a month-on-month basis, overall growth stood at a modest 1.31%, indicating stable demand levels after a strong February. Hero and Royal Enfield showed notable MoM gains, while Honda and TVS saw marginal declines.
Two-Wheeler Sales March 2026 – Domestic
Domestic sales remained the primary growth driver, with total volumes reaching 18,64,465 units, up 17.50% year-on-year. Hero led the domestic sales with 5,52,505 units, followed by Honda with 5,12,303 units. TVS recorded strong numbers at 3,72,833 units (+25.27%), while Bajaj posted 2,21,021 units (+20.34%).
Royal Enfield crossed the 1 lakh mark with 1,00,406 units (+14.03%), highlighting the strong demand for its 350cc lineup. Suzuki, however, saw a marginal decline of -0.55% year-on-year, making it the only brand in the top six to record a decline in domestic sales. On MoM basis, domestic sales grew by 5.09%, with Bajaj showing the highest growth of 18.72%, followed by Royal Enfield and Hero.
Two-Wheeler Sales March 2026 – Exports
Exports stood at 4,02,496 units, registering a growth of 20.14% YoY, although volumes declined by -13.15% MoM. Bajaj Auto continued to dominate exports with 1,59,452 units (+20.73%), followed by TVS at 1,25,751 units (+22.69%). Honda emerged as the fastest growing exporter with 41.50% YoY growth to 36,842 units.
Hero MotoCorp exported 45,693 units (+10.78%), while Suzuki exported 22,830 units (+13.09%). Royal Enfield was the only brand to record a -8.04% YoY decline in exports, although it saw a strong MoM recovery. With new launches, EV expansion and improvement in rural demand, the two-wheeler industry is expected to maintain its growth path in the new financial year.
