Motorcycle and scooter sales have surged past their pre-pandemic peak, with total two-wheeler retail volumes crossing 21.4 million units in FY26, up 13.4 percent from the previous year, as improved rural cash flows, greater product variety, and easing interest rates unlocked pent-up consumer demand. June 2026 alone saw registrations grow 21.2 percent year-on-year to 18.28 lakh units, with Hero MotoCorp retaining domestic leadership even as Honda continues narrowing the gap and TVS strengthens its position through balanced growth across scooters, commuter motorcycles, and premium offerings. Electric two-wheelers crossed a symbolic milestone in June 2026, accounting for 10.6 percent of total retail sales for the first time, with established manufacturers such as TVS, Bajaj, and Hero MotoCorp’s Vida brand reclaiming leadership from pure-play EV startups. Let us have a look at the top 10 two-wheeler companies shaping the market today.
1. Hero MotoCorp Limited
Hero MotoCorp remains the country’s largest two-wheeler manufacturer by domestic retail volume, commanding a market share of roughly 25.8 to 26.2 percent as of June 2026 with 4.72 lakh monthly registrations and 17.5 percent year-on-year growth, and its Splendor Plus continuing to be the single best-selling two-wheeler model in the country. The company retailed 6.08 million units in FY26, maintaining a lead of over 721,000 units ahead of closest rival Honda, while its Vida electric scooter brand posted 175 percent year-on-year growth to reach fourth position in the EV segment.
Hero MotoCorp serves mass-market commuter motorcycle buyers across urban and rural India with its dominant Splendor and Passion motorcycle range, while rapidly scaling its Vida electric scooter business, and its sustained domestic volume leadership across both petrol and electric segments makes it the most consistently dominant two-wheeler manufacturer in the country.
2. Honda Motorcycle and Scooter India (HMSI)
Honda Motorcycle and Scooter India holds the second-largest domestic market share at roughly 24.8 to 25.2 percent, registering 4.52 lakh units in June 2026 with an impressive 20.7 percent year-on-year growth rate that continues to narrow the gap with market leader Hero MotoCorp. The Honda Activa remains the country’s best-selling scooter and the second best-selling two-wheeler model overall, anchoring the company’s continued strength in the automatic scooter segment.
Honda Motorcycle and Scooter India serves scooter-focused urban and semi-urban commuters with its Activa-led range while steadily expanding into motorcycles and premium segments, and its consistently faster growth rate relative to the market leader makes it the most credible near-term challenger for overall domestic two-wheeler leadership.
3. TVS Motor Company
TVS Motor Company has emerged as the country’s overall numero-uno two-wheeler brand when combining domestic volumes with exports, having secured the domestic third position with 3.59 lakh registrations and 22.8 percent year-on-year growth in June 2026, and additionally led the electric two-wheeler segment with 46,999 units sold and roughly 24 percent EV market share. The company’s TVS iQube remains its largest EV volume contributor, while its balanced strategy across scooters, commuter motorcycles, and premium motorcycles has driven consistent market share gains.
TVS Motor Company serves both domestic and international two-wheeler buyers with a genuinely diversified petrol and electric portfolio, and its position as the combined domestic-plus-export leader alongside its outright leadership in electric two-wheeler sales makes it arguably the most well-rounded and future-positioned two-wheeler manufacturer in the country today.
4. Bajaj Auto Limited
Bajaj Auto held the fourth position in domestic two-wheeler registrations with 1.88 lakh units and 13.5 percent year-on-year growth in June 2026, while remaining the country’s biggest two-wheeler exporter, and its Chetak electric scooter range, including the C25, C30, and C35 variants, secured the second position in the electric two-wheeler segment with 43,234 units sold and 22 percent market share. The Bajaj Pulsar continues to anchor the company’s strong position in the performance commuter motorcycle segment domestically.
Bajaj Auto serves domestic performance-motorcycle buyers through its Pulsar range while leading the country’s two-wheeler export business and holding a strong second position in electric scooters through Chetak, and its dual strength across exports and EVs makes it the most internationally oriented and electrification-ready of the major legacy manufacturers.
5. Suzuki Motorcycle India Private Limited
Suzuki Motorcycle India retained the fifth position in domestic two-wheeler registrations with 1.05 lakh units and 16.2 percent year-on-year growth in June 2026, maintaining a steady presence in the scooter and commuter motorcycle segments through a smaller but consistently growing product portfolio. The company has built a loyal following particularly in the premium scooter category, where reliability and fuel efficiency remain key purchase drivers.
Suzuki Motorcycle India serves scooter and commuter motorcycle buyers seeking Japanese engineering reliability at accessible price points, and its steady mid-table position with consistent double-digit growth confirms it as a durable, if smaller-scale, presence among the country’s established two-wheeler manufacturers.
6. Royal Enfield (Eicher Motors)
Royal Enfield, part of Eicher Motors, registered 94,548 domestic units with a strong 25.4 percent year-on-year growth rate in June 2026, continuing to benefit from the ongoing premiumisation trend in mid-size motorcycles, and has begun deliveries of its first-ever electric motorcycle, the Flying Flea, marking the brand’s entry into electrification. The company’s dominance of the mid-size and premium cruiser motorcycle segment remains largely uncontested among domestic manufacturers.
Royal Enfield serves premium and mid-size motorcycle enthusiasts with its iconic cruiser and roadster range while now extending into electric motorcycles through the Flying Flea, and its consistently strong growth in the premiumisation-driven segment makes it the clearest domestic leader in mid-size and premium motorcycle categories.
7. Yamaha Motor India
Yamaha continued at the seventh position in domestic registrations with 67,696 units sold in June 2026, growing 34.8 percent year-on-year, the fastest growth rate among the top manufacturers that month, and has lined up multiple new motorcycle and scooter launches planned in phases through the remainder of 2026. The Japanese brand has built a particularly strong following among performance-oriented younger riders in the sub-200cc motorcycle segment.
Yamaha Motor India serves performance-conscious younger riders with its sporty motorcycle and scooter range, and its standout 34.8 percent year-on-year growth rate in June 2026, the fastest among the established manufacturers, signals genuine renewed momentum as the company expands its domestic product pipeline.
8. Ather Energy
Ather Energy, the Bengaluru-based pure electric two-wheeler brand, secured the eighth overall position with sales nearly doubling to 31,230 units in June 2026 from 16,015 units a year earlier, and captured the third position in the electric two-wheeler segment specifically with 31,188 units and roughly 16 percent EV market share, posting 95 percent year-on-year growth. While the Ather 450X remains a strong seller, the newer Ather Rizta has emerged as the brand’s leading volume contributor.
Ather Energy serves electric two-wheeler buyers seeking a pure-play, technology-forward EV brand, and its near-doubling of sales alongside consistently strong double-digit market share in the electric segment confirms it as the most credible independent EV specialist competing against the increasingly aggressive electric offerings of legacy manufacturers.
9. Ola Electric Mobility
Ola Electric, once the dominant electric two-wheeler market leader with nearly 29.2 percent share in the prior fiscal year, has seen its position decline sharply, falling to the ninth overall position with 16,150 units in June 2026 as its FY26 registrations halved and its market share fell to roughly 11.7 percent amid intensifying competition from established manufacturers re-entering the EV race. The company’s steep reversal illustrates how quickly leadership can shift in the still-maturing domestic electric two-wheeler category.
Ola Electric serves electric two-wheeler buyers with its scooter range built around vertically integrated battery and manufacturing capability, and its dramatic fall from market leadership to the ninth position over the course of a single year serves as a cautionary case study in how quickly pure-play EV startups can lose ground once legacy two-wheeler giants commit fully to electrification.
10. Greaves Electric Mobility
Greaves Electric Mobility rounded out the top ten overall two-wheeler brands with 10,930 units in June 2026, having grown 51 percent during FY26 to register 61,641 annual units, positioning it among the fastest-growing electric mobility players even as it remains smaller in scale than the leading legacy manufacturers’ EV divisions. The company continues to expand its dealer network and product range within the increasingly crowded electric scooter segment.
Greaves Electric Mobility serves value-conscious electric two-wheeler buyers with an expanding scooter range and growing dealer presence, and its strong percentage growth throughout FY26, even from a smaller base, confirms it as one of the more resilient standalone electric mobility players navigating a market increasingly dominated by legacy manufacturers’ EV sub-brands.
Frequently Asked Questions (FAQs)
Q: Which is the largest two-wheeler company by domestic sales?
A: Hero MotoCorp remains the largest two-wheeler manufacturer by domestic retail volume with roughly 25.8 to 26.2 percent market share as of June 2026, though TVS Motor Company is considered the overall numero-uno brand when domestic sales are combined with exports, and Honda continues to close the volume gap with Hero.
Q: Which company leads the electric two-wheeler segment?
A: TVS Motor Company led the electric two-wheeler segment in June 2026 with roughly 24 percent market share and nearly 47,000 units sold, followed closely by Bajaj Auto’s Chetak range with about 22 percent share, while Ather Energy held third position and Hero MotoCorp’s Vida brand posted the fastest year-on-year growth among the leaders.
Q: How big is the electric two-wheeler market today?
A: Electric two-wheelers crossed a milestone of 10.6 percent of total two-wheeler retail sales in June 2026 for the first time, with monthly electric registrations reaching 1,93,735 units, up nearly 75 percent year-on-year, reflecting rapidly growing consumer acceptance alongside improving charging infrastructure and a wider range of products across price points.
Q: Why did Ola Electric lose its electric two-wheeler market leadership?
A: Ola Electric, which held nearly 29.2 percent electric two-wheeler market share in the prior fiscal year, saw its registrations roughly halve during FY26 as established two-wheeler manufacturers such as TVS, Bajaj, and Hero MotoCorp aggressively scaled their own electric offerings, leveraging superior dealer networks, brand trust, and service reach to reclaim segment leadership from pure-play EV startups.
Q: What is driving the overall growth in two-wheeler sales?
A: Total two-wheeler retail volumes crossed 21.4 million units in FY26, surpassing the pre-pandemic peak, driven by improved affordability, stronger rural cash flows, a wider range of products across price points, and a recovery in consumer sentiment following an earlier subdued period tied to uncertainty around proposed GST changes on vehicles.
