Two Wheeler Market Sales

EV penetration in passenger vehicles rises to 8.5 per cent as electric two-wheeler sales climb 88.7 per cent and established manufacturers capture more market growth.

Fada data shows legacy players driving nearly all first-half market growth, while Ather remains the standout among EV-first manufacturers

Strong overseas demand and easing shipping disruptions sustain export momentum

Hero MotoCorp on Tuesday reported 12 per cent rise in dispatches at 5,70,068 units in May 2026. In the year-ago period, the sales stood at 5,07,701 units. The world's largest manufacturer of motorcycles and scooters stated that the domestic retail momentum also remained robust during the month, with over 4.96 lakh registrations, except for Telangana, based on data from VAHAN portal. "The company's overall domestic motorcycle and scooter business sustained strong momentum in May 2026, registering robust nearly 10 per cent dispatch growth compared to the corresponding period last year," Hero MotoCorp stated. The company's global business recorded 78 per cent growth with dispatches of 33,284 units. According to Hero MotoCorp, strong demand across its international markets, supported by an expanding premium product portfolio and focused market expansions, continued to drive solid growth momentum.

Ola Electric reportedly plans to cut its store count to about 550 by March as sales slow, market share falls sharply and the company restructures operations to reduce costs

TVS Motor Q3 preview: Axis Securities expects TVS Motor's revenue to rise ~34 per cent Y-o-Y, led by a 27 per cent increase in volumes.

The Hero MotoCorp stock rose as much as 3.95 per cent to ₹5,749 before trading 3.84 per cent higher at ₹5,743 around 11:30 am, outpacing the Sensex's 0.15 per cent gain.

The Street expects TVS Motor's consistent outperformance, new launches, and EV traction to sustain earnings momentum, even as some brokerage houses flag valuation concerns.

Two-wheeler sales in India are estimated to grow by 6-9 per cent in FY26 as compared to the previous fiscal, riding on the recent GST rate reduction, which is anticipated to support affordability and stimulate demand, besides steady replacement demand, urban recovery and healthy rural incomes driven by a normal monsoon, ratings agency ICRA said on Tuesday. Domestic wholesale volumes grew by 7.2 per cent on a YoY basis in August 2025 to 18 lakh units, as OEMs maintained healthy dispatches ahead of the festive season, ICRA said in a statement. Retail sales, however, grew by a marginal 2.2 per cent YoY, with growth constrained by excess rains and some purchase deferment linked to the GST rate cut; a pick-up is expected during the upcoming festive season, it added. ICRA further said it estimates two-wheeler domestic volumes to grow by 6-9 per cent YoY in FY2026. "This projection is supported by steady replacement demand, an expected urban demand recovery, healthy rural incomes driven

Maruti Suzuki's volumes dipped marginally by 0.6 per cent Y-o-Y to 181,000 units, with export growth of 40.5 per cent Y-o-Y offset by a 7.5 per cent drop in domestic sales.

The domestic two-wheeler segment is expected to register a 6-9 per cent year-on-year volume growth in the current fiscal, rating firm Icra said on Monday. The growth is likely to be supported by steady replacement demand, recovery in urban consumption, healthy rural incomes aided by a normal monsoon, and a possible reduction in GST rates, which could provide an additional boost, it noted. The industry outlook for FY2026 remains positive, aided by favourable demand drivers and an anticipated GST cut could provide additional stimulus to accelerate growth, Icra stated. In July 2025, domestic wholesale volumes grew by 9 per cent year-on-year to 15 lakh units, with Original Equipment Manufacturers (OEMs) maintaining healthy dispatches ahead of the festive season, it said. However, retail volumes contracted by 6.5 per cent year-on-year last month, as tepid urban demand and heavy rainfall affected rural footfalls, which weighed on sales, Icra stated. The rating agency expects retail dema

To use these on their existing models

CareEdge sees 8-9% growth in FY26 as domestic recovery, exports, EV adoption, and affordability drive two-wheeler demand beyond pre-Covid highs

Hero MotoCorp is expected to report a steady performance for Q3FY25, with revenue growth driven by higher average selling prices (ASPs) rather than volume growth, analysts said

In January 2025, the company recorded sales of 397,623 units, a 17% increase compared to January 2024. The two-wheeler segment saw a strong 18% growth, with domestic 2W sales up 10%

The sharp rise in Eicher Motors share price was fuelled by healthy auto sales data in January, coupled with robust outlook, analysts said

TVS Motor reported a 4.2 per cent Y-o-Y increase in standalone net profit at Rs 618.5 crore, as against Rs 593.4 crore in Q3FY24.

On the bourses, Bajaj Auto shares settled 0.28 per cent lower at Rs 8380.35. In comparison, BSE Sensex closed 1.08 per cent lower at 75,366.17, on January 27, 2025

Analysts are optimistic about major revenue growth for Bajaj Auto, driven by robust volume increases and effective pricing strategies.

The two-wheeler numbers will need to be monitored closely since low momentum would trigger downgrades for stocks that have moved up in anticipation of outperformance