Page 2 - Two Wheelers

Raptee.HV to begin EV motorcycle production and supply in November

Raptee.HV will start commercial production of its high-voltage T30 motorcycle by November with 8,000 advance orders, securing TDB funding to boost India's EV two-wheeler market

Domestic two-wheeler sales growth estimated at 6-9% in FY26: Icra

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

IRF urges GST cut on helmets to reduce fatalities in road accidents

Geneva-based global road safety body International Road Federation (IRF) on Wednesday demanded a reduction of Goods and Services Tax (GST) on helmets for two-wheeler riders from 18 per cent to nil to encourage vehicle owners to wear helmets and reduce fatalities. IRF in a statement expressed concern at increase in number of road accidents in the country as per latest data compiled by Ministry of Road Transport & Highways (MoRTH) riders of two wheelers had the highest share of road deaths. IRF has written a letter to Prime Minister Narendra Modi to reduce GST on helmets from the present 18 per cent to 0 (zero) per cent, as the two-wheeler riders, being most vulnerable, account for about 31 per cent of deaths due to head injuries. "One of the most effective measures to reduce the two-wheeler accident injuries and fatalities is the use of standard helmets, IRF president emeritus K K Kapila said. Kapila said the helmet usage in India has been found to be low. "It has been noticed that

Ola Electric stock price slips 21% in 1 week; why EV 2W under pressure?

Between August 12 and September 3, in 14 trading days, the stock price of Ola Electric had zoomed 73 per cent.

Uber makes two-wheelers central to India growth with Uber Bike rebrand

Uber has rebranded its Moto service to Uber Bike and is expanding to more cities as two-wheelers become central to its India growth despite regulatory uncertainty in states

Lower GST on 2Ws will boost affordability, aid buyers: Hero MotoCorp chief

Lowering of GST on two-wheelers will serve as a crucial enabler, offering much-needed relief to first-time buyers, especially in rural and semi-urban areas, where it is the backbone of personal mobility, Hero MotoCorp Pawan Munjal said on Monday. Ahead of the meeting of the GST Council this week, Munjal said the two-wheeler industry is not only a key driver of mobility but also a vital pillar of the national economy, contributing substantially to government revenues and generating employment across its value chain. Welcoming the government's decision for GST reforms and a possible cut in GST rates on two-wheelers, in a statement, he said, "This progressive step will serve as a crucial enabler, offering much-needed relief to first-time buyers, particularly in rural and semi-urban areas, where two-wheelers remain the backbone of personal mobility. It will significantly enhance accessibility and affordability for millions of Indians." He further said the two-wheeler industry is not onl

Analysts see auto demand rebound in H2 FY26 on GST relief and rate cuts

Brokerages see repo and CRR rate cuts, along with a likely GST rate reduction as key triggers

EV penetration in domestic 2W market may rise to 40% by FY31: Ather Energy

Electric two-wheeler penetration could rise to about 40 per cent by FY31 in an 'optimistic scenario' when the overall two-wheeler industry in India touch 3-3.1 crore units annually growing at 8 per cent CAGR, according to Ather Energy Ltd. The growth is expected to be driven by increased EV launches, strong government support, rapid infrastructure development, reduced battery prices, and a faster consumer shift, the company said in its annual report for 2024-25. In its management discussion and analysis, Ather Energy said the rapidly expanding EV market, propelled by legacy players increasing their EV portfolios and new entrants expanding capacity, is accelerating growth. The entry of established brands into the EV market is expected to provide significant momentum. The expansion of distribution in the E2W (electric two-wheeler) market is also expected to fuel the sector's growth, it said. "Overall, two-wheeler sales are projected to grow at 7 per cent CAGR, reaching 29-30 million

Aiming to consolidate leadership in electric 2W segment: TVS Motor

TVS Motor Company aims to consolidate its leadership in the Indian electric two-wheeler market and is looking to address evolving customer needs with the launch of its third offering, TVS Orbiter, senior company officials said on Thursday. The company launched its new electric scooter TVS Orbiter at Rs 99,900 (ex-showroom, inclusive of PM e-Drive scheme, Bengaluru). With six lakh happy EV riders, along with one of the largest sales and service networks across the country, TVS Motor is now the number one EV manufacturer in India, TVS Motor Company Senior Vice-President, Head Commuter and EV Business, Aniruddha Haldar said in a virtual launch of the new product. "This has happened across our marquee brands like TVS iQube and TVS X...," he added. Haldar further said, "We are committed to consolidating our leadership in the EV space, driving India's electric mobility journey with a strong foundation of trust and innovation. Guided by the evolving needs of our customers, the TVS Orbiter

Domestic two-wheeler segment to see 6-9% volume growth in FY26: Icra

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

Hero Moto shares surge 20% in August. What's driving the two-wheeler stock?

Hero MotoCorp share price touched a nine-month high today, trading at its highest level since November 2024. The rally in the stock price of Hero Moto has helped the company regain ₹1-trillion m-cap

What to expect from the world's largest 2W manufacturer in Q1FY26 results?

Hero MotoCorp Q1 preview: Hero MotoCorp released robust July sales data on August 1. The company dispatched 449,755 units during the month, up 21 per cent from 370,274 units in July 2024.

Here's what brokerages expect from Bajaj Auto ahead of Q1 results on Aug 6

In July 2025, Bajaj Auto's total sales rose 3 per cent Y-o-Y to 3,66,000 units compared to 3,54,169 units in July 2024.

Just 1/5th of auto PLI firms have products cleared for incentives

These companies have received clearance for 107 model and component variants, having met the DVA threshold, based on data available till July 31

Honda eyes 30% share in Indian 2W market, targets more women buyers

Japanese auto major Honda is targeting a 30 per cent share in the Indian two-wheeler market by 2030, as it chases the goal to achieve half of global two-wheeler sales in the long term, according to a top official of the company's arm in India. The company's arm, Honda Motorcycle & Scooter India (HMSI), sees huge potential to grow sales among female customers, who currently account for just about 10 per cent of the overall industry sales, HMSI President Tsutsumu Otani told PTI in an interview. He also said that while the company sees a shift from internal combustion engine (ICE) to electric vehicles in the two-wheeler segment in the long term, bottlenecks around charging infrastructure and electricity supplies are major impediments at present. "Considering the Indian market size, we want to achieve 30 per cent share in India by 2030," Otani said when asked about the significance of the Indian market in Honda's overall long-term goal to garner 50 per cent of global two-wheeler ...

Electric two-wheeler firms in talks with govt for localisation relief

PLI, PMP targets under strain as rare earth magnet stocks fast dry up

Premium motorcycles may account for 22% of total market by 2030: Crisil

The Indian two-wheeler industry is witnessing a ride towards the premium segment, like other consumer sectors in the country, with the market share of premium motorcycles increasing to 19 per cent last fiscal and expected to touch 22 per cent by 2030, according to Crisil Intelligence. The market share of premium motorcycles -- engine capacity greater than 150 cc -- increased to 19 per cent last fiscal from 14 per cent in fiscal 2019, with their volume rising to 23 lakh units from 19 lakh units, it said in a statement. On the other hand, the market share of economy motorcycles declined to 46 per cent last fiscal from 62 per cent in fiscal 2019, with volume shrinking to 56 lakh units from 84 lakh units, largely due to weak rural demand and an increase in prices, it added. Interestingly, premium motorcycle sales surpassed the pre-Covid level by 22 per cent last fiscal, while sales of overall two-wheelers stood at 94 per cent of the pre-pandemic level and total motorcycles at 90 per ..

TVS Motor hits new peak, surpasses Sep 2024 high; is it good time to buy?

According to Choice Broking, a decisive close above ₹2,852, supported by strong volumes, would confirm the breakout for TVS Motor and potentially trigger the next leg of the uptrend.

85% of 2Ws to be impacted on ABS rule; Hero MotoCorp most exposed: Nomura

Nomura said Hero MotoCorp will be hit hardest, with 99 per cent of its sales from sub-125cc bikes. Honda India follows at 89 per cent, TVS Motor at 86 per cent, and Bajaj Auto at 72 per cent.

Two-wheeler sales off to choppy start; top players see double-digit fall

Domestic sales of Bajaj Auto, HMSI, and Hero MotoCorp, which together have more than a 65 per cent market share, dropped in double digits