Two Wheeler Sales

Manufacturers line up 3 million units of new capacity to close supply gap

Strong overseas demand and easing shipping disruptions sustain export momentum

Two-wheeler maker Hero MotoCorp on Wednesday reported a 2.3 per cent decline in total dispatches to dealers at 5,41,159 units in June as compared to 5,53,963 units in the same month last year. Domestic sales were down at 5,02,890 units last month as against 5,25,136 units in the year-ago period, Hero MotoCorp said in a regulatory filing. Exports were, however, up at 38,269 units as compared to 28,827 units in the same month last year. Motorcycle sales in June were down at 4,78,701 units as compared to 5,12,658 units in the year-ago month, while scooter sales were up at 62,458 units as compared to 41,305 units in June 2025. VIDA, the company's emerging mobility business unit, delivered strong retail performance in June 2026 with 21,812 VAHAN registrations, growth of 185 per cent year-on-year, it added. The company said it posted a 23 per cent year-on-year growth in dispatches to dealers at 16.8 lakh units in the first quarter of FY27, as compared to 13.67 lakh units in the year-ago

India's only CNG bike maker Bajaj Auto sees demand sputter as the petrol-CNG price gap narrows

The Indian two-wheeler industry will witness moderate wholesale volume growth of 3-5 per cent in FY27, as the sector could face challenges from a high base effect, a potentially weak monsoon due to El Nino, and inflation-led vehicle price increases, ratings agency ICRA said on Friday. The country's two-wheeler industry continues to demonstrate resilience, supported by improving domestic demand, healthy retail momentum, and sustained export growth, ICRA said in its latest sector update. The growth is expected to remain supported by improved affordability arising from GST rationalisation and replacement demand. Yet, ICRA said, "The sector could face challenges from a high base effect, a potentially weak monsoon due to El Nino, and inflation-led vehicle price increases." Despite supportive domestic demand drivers, geopolitical tensions in West Asia remain a key monitorable, as any escalation could disrupt supply chains and impact industry cost structures, it added. Domestic wholesale

Inventory replenishment, resilient demand for premium models and stronger exports helped India's leading two-wheeler manufacturers record healthy growth in May

The company posted a net loss of ₹100.2 crore in Q4 FY26, compared with a loss of ₹234.3 crore in the year-ago period

Replacement demand recovery is expected to support near-term growth, while rising electrification and changing consumer preferences may drive scooters to overtake motorcycles in the long run

Two-wheeler makers post strong FY26 growth led by rural recovery, scooter demand and premium motorcycles, though FY27 outlook may soften amid global headwinds

Fuel price fears amid West Asia tensions push electric two-wheeler penetration to 9.7%, as fence-sitters shift to EVs

But electric penetration lags NITI Aayog's targets

However, month-on-month, there was a decline over January's high base

Market-specific recovery patterns drove swings in overseas volumes in Q3

TVS Motor reported a robust 37 per cent year-on-year (Y-o-Y) rise in revenue in the December quarter, supported by healthy volume growth and steady realisations.

Bajaj Auto Q3 Preview: The two wheeler giant is likely to announce it December quarter (Q3FY26) results on Friday, January 30, 2026.

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.

Electric two-wheeler riders in Kolkata honk the most, averaging 131 honks per hour, while their counterparts in Bengaluru panic-brake four times more than those in Mumbai, according to Ather Energy's 2025 year-end riding insights. The electric two-wheeler maker's insights on aggregated data from over five lakh of its electric scooters connected with a wireless network across India found that riders were increasingly relying on connected technology during daily commutes, with city-level riding behaviour revealing how software is shaping real-world mobility. The data showed honking patterns varied sharply across cities. Kolkata recorded the highest honking levels in the country, averaging 131 honks per hour, reflecting dense traffic and aggressive auditory signalling. Bengaluru riders engaged in panic braking nearly four times more often than riders in Mumbai, highlighting higher traffic unpredictability and frequent stop-start conditions in the city, as per the year-end riding insigh

The momentum was not limited to retail-focused segments, the brokerage noted. The medium and heavy commercial vehicle (MHCV) industry showed clear signs of revival after a prolonged 15-month downturn.

The company expects the momentum to continue in the second half of the fiscal year (H2FY26), with overall industry volume growth projected at 8-10 per cent.

Share price Ola Electric Mobility slipped 5 per cent to hit an all-time low of ₹38.18 on the BSE in Wednesday's intra-day trade, falling below its previous low of ₹39.58 touched on July 14, 2025.