The two-wheeler sales flourished at a rapid pace in FY26 due to the roll out of GST 2.0 as every brand posted positive sales growth
The Indian two-wheeler industry registered positive YoY growth of 14.6 percent in FY26 with overall sales surpassing 2.65 crore units. The second half of the last fiscal was even better due to the roll out of GST 2.0 which made scooters and commuter motorcycles more affordable than before. The Diwali festive season and good monsoon ensured heavy demand in the rural and semi-rural centres. In this piece, we will talk in detail about the top two-wheeler brands in FY26 sales in the Indian market.
Hero MotoCorp retained the numero-uno position with sales of 64.69 lakh units in FY26. It posted a YoY growth of 9.7 percent as 58.99 lakh units were retailed in FY25 by the brand. However, Honda came quite close to usurp Hero from the top position with sales of 63.70 lakh in FY26 with a much better YoY growth of 17.9 percent. There was a margin of merely 0.37 percent in the market share of Hero (24.37%) and Honda (24%).
TVS Motor Company was the fastest-growing two-wheeler brand in FY26 with total sales of 56.70 lakh units. The YoY growth was pegged at 23 percent as the brand had retailed 46.09 lakh units in FY25. The market share also surged to 21.4 percent as it continued to be India’s third biggest automobile company behind Hero MotoCorp and Honda 2-Wheelers.
| Brand | FY26 Sales | FY25 Sales |
| Hero | 64,68,834 | 58,99,187 |
| Honda | 63,69,504 | 54,04,216 |
| TVS | 56,70,000 | 46,09,000 |
| Bajaj | 43,16,850 | 39,82,309 |
| Suzuki | 14,39,415 | 12,56,155 |
| Royal Enfield | 12,38,659 | 10,09,900 |
| Yamaha | 10,39,756 | 10,01,823 |
| Total | 2,65,43,018 | 2,31,62,590 |
Bajaj was at the fourth spot with sales of 43.17 lakh units in FY26 as compared to 39.82 lakh units in FY25. The company recorded a YoY growth of 8.4 percent while the market share stood at 16.3 percent. The fifth position was secured by Suzuki with retail volumes of 14.39 lakh in FY26. It posted YoY growth of 14.6 percent as 12.56 lakh units were sold in FY25.
Royal Enfield continued on its growth trajectory with sales of 12.39 lakh units in FY26. The brand improved its YoY sales performance by 22.6 percent as it had sold 10.10 lakh units in FY25. The newly launched models in the 350cc, 450cc and 650cc segment helped Royal Enfield in bettering its sales volumes in FY26. Now that the brand has also rolled out its first electric motorcycle, we expect the sales numbers to rise further.
Last but not the least, Yamaha sold 10.40 lakh units in FY26 with a YoY growth of 3.8 percent. The Japanese two-wheeler brand had retailed 10.02 lakh units in FY25. So, as we can see, every mainstream two-wheeler brand registered sales growth in FY26 and it can be stated that it was one of the best years for the two-wheeler industry as a whole.
