Two-wheelers

ICRA projects 3-5% growth in domestic two-wheeler volumes for FY27

Credit rating agency says domestic two-wheeler wholesale volumes may grow 3-5% in FY27, while exports and electric vehicle demand continue to support the industry

Ather Energy soars 8% on huge volumes; stock up 64% from February low

Ather Energy hit a new high at ₹986.80 on Monday, and now trades 207 per cent higher over its issue price of ₹321 per share.

2W industry to grow high single digits despite West Asia crisis: Hero

About 21.71 mn two-wheelers were sold in India in FY26, recording a 10.7% year-on-year growth, primarily driven by the GST rate cuts implemented in September 2025

Hero MotoCorp net up 26.1% on GST cuts, broad-based growth in ICE

Hero MotoCorp reports 26.1% rise in Q4FY26 net profit, driven by strong demand, GST rate rationalisation, and growth across domestic and global markets

Hero MotoCorp partners Quilmotors as exclusive distributor in Ecuador

Two-wheeler maker Hero MotoCorp on Thursday announced partnership with Quilmotors as its exclusive distributor for accelerating growth in Ecuador. Quilmotors will be responsible for assembly operations, network development, sales, after-sales service and spare parts distribution in the South American nation, Hero MotoCorp said in a statement. "Ecuador presents a strong opportunity for us, driven by evolving customer aspirations and increasing demand for reliable, high-quality mobility solutions," Hero MotoCorp Executive Vice President - Global Business, Global Product Planning and Global Market Insights, Sanjay Bhan said. He further said,"Our partnership with Quilmotors combines their deep local market expertise with our global capabilities, making them an ideal partner." The product range comprising eight models, including motorcycles (Eco Deluxe and Eco 150), Naked Sports Range (Hunk 125R and Hunk 160R 4V), Dual purpose motorcycles (Xpulse 200 4V and Xpulse 200 4V Pro) and Urban

Govt extends EV subsidies to aid adoption: Temporary fix or targeted move?

The Centre has extended EV subsidies for two- and three-wheelers to manage supply risks from West Asia; the move offers short-term relief, but questions remain on long-term strategy

Scooters set to overtake motorcycles as EV shift reshapes India's 2W market

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

Electric 2-wheeler maker Ather to cut aluminium content to ease costs

Ather plans to reduce aluminium content in scooters to cut costs and improve margins, with up to 15 per cent savings expected on its upcoming EL platform

Ather Energy rallies 6%, nears record high; what's driving EV-2W stock?

Analysts believe Ather has strong credentials to get included under the PLI scheme as it is the leading EV-2W startup in India with a strong focus on engineering and R&D.

Auto PLI scheme distorted e2w market, excluded innovators: C-DEP report

C-DEP report says scale-based eligibility under Auto PLI favoured incumbents, with 77% of electric two-wheeler exports driven by non-PLI models

Auto shares in demand; Hero Moto, TVS, Bajaj, Bosch surge up to 6%

OEMs expect strong demand momentum to sustain in Q4FY26, and into H1FY27, post the GST 2.0 reforms, analysts said

Two-wheeler industry to grow 8-9% CAGR in long term: TVS Motor CEO

The two-wheeler industry has the potential to grow at 8-9 per cent CAGR in the long term, drawing from the momentum of GST rate cut, government's spending on infrastructure and overall growth of the economy, according to TVS Motor Company CEO KN Radhakrishnan. The first half of the next year is also expected to be "very good" in terms of sales growth, as the benefits of the GST rate cut will continue to come into the industry, he told analysts. "Overall, I'm a firm believer that 8 per cent to 9 per cent as a CAGR, you can look at on a long-term basis...," Radhakrishnan said when asked about the growth prospects of the two-wheeler industry for the next fiscal on the back of strong performance in Q3. In Q4, the benefit of the GST rate cut, which was implemented on September 22 last year, will be seen, he added. "The first half of the next year (fiscal) is also going to be very good because the benefits will come into the industry," he noted. While not sharing an exact forecast for t

Ola Electric plans to cut store count to 550 amid market share slump

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

Auto industry growth likely to be 3-6% in FY27 as high base kicks in: Icra

Ratings agency says elevated growth in FY26 will give way to moderation next fiscal as higher base and normalising demand temper volumes across PV, two-wheeler and CV segments

Two-wheeler makers see split export recovery in October-December quarter

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

Hero MotoCorp plans to boost growth in under-represented segments: CEO

Hero MotoCorp aims to strengthen its presence in segments such as scooters, premium bikes, and electric vehicles, where it currently remains under-represented, according to the company's CEO Harshvardhan Chitale. The country's largest two-wheeler maker also expects to expand its presence in international markets and the parts and accessories business. "While we take pride as a team in our volume leadership at Hero MotoCorp, we are all acutely aware of the opportunities that exist in some of the other categories, which are growing faster and where we are relatively under-represented," Chitale said in an analyst call. "Hence, we see a big headroom for growth and market share expansion in categories like scooters, in premium motorcycles, in global markets, in EV, and also above all, parts and accessories business because we are a company that has the biggest park size in the market," he added. For the December quarter, the company reported a revenue of Rs 12,487 crore with a PAT of Rs

Rare-earth relief to revive electric two-wheeler growth next fiscal

Improving magnet availability and cost economics support demand, even as competitive intensity accelerates consolidation

Electric two-wheelers to see 16-18% volume growth in FY28: Crisil

The easing of rare-earth supply is expected to drive electric two-wheeler volume growth in India to 16-18 per cent next fiscal after moderating to 12-13 per cent in the ongoing fiscal due to supply chain constraints, according to Crisil Ratings. This fiscal, the electric two-wheeler (E2W) growth is expected to moderate due to temporary disruptions in the supply of rare-earth magnets and the goods and services tax (GST) rationalisation on internal combustion engine (ICE) models, Crisil Ratings said in a statement. In the previous fiscal, E2W volume growth was at 22 per cent, it added. "The supply disruption caused by the shortage of rare-earth magnets had weighed on E2W volumes around mid-year. As availability began to ease, coinciding with the GST-led price revision in ICE models, OEMs relied on discounting and introduced lower-priced electric models to narrow the ICE-EV price gap," Crisil Ratings Senior Director Anuj Sethi said. While this has supported a recovery in volumes in ..

Analysts raise TVS Motor target price as margins surprise, growth firms up

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: PAT may climb up to 21.3% to ₹2,558 cr YoY; Rev 21%

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