October 2W sales: TVS leads growth as festive demand lifts major players

India’s two-wheeler market saw strong sales momentum in October, with major manufacturers reporting higher domestic volumes as the festive season boosted demand. TVS Motor posted the strongest domestic growth among the major players, while Hero MotoCorp remained the largest by domestic volumes, followed by Honda Motorcycle & Scooter India.

TVS Motor’s domestic two-wheeler sales rose 22% year-on-year to 5,14,764 units in October, compared with 4,21,631 units a year earlier. Its total two-wheeler sales, including exports, rose 28% to 6,70,679 units. Exports were particularly strong, rising 51% to 1,55,915 units. 

Hero MotoCorp reported total two-wheeler dispatches of 7,34,403 units, up 16% from 6,35,808 units in October last year. Domestic dispatches rose 16.6% to 7,05,084 units. The company’s scooter volumes rose sharply during the month, while motorcycle volumes also grew. 

Honda Motorcycle & Scooter India recorded domestic sales of 6,64,831 units, up 11% from 5,98,952 units in October 2025. Exports grew 35% to 69,735 units, taking total sales to 7,34,566 units, up 13%. For April-October, Honda’s domestic sales rose 13%, while exports increased 28%. 

Bajaj Auto reported domestic two-wheeler sales of 2,92,885 units, up 10% year-on-year. Exports rose 18% to 2,08,309 units, taking its total two-wheeler sales to 5,01,194 units, up 13%. Bajaj’s export performance has remained a significant growth driver, with two-wheeler exports during April-October rising 42% to 15,20,859 units. 

Royal Enfield recorded domestic sales of 1,21,527 motorcycles in October, up 4% from a year earlier. Exports jumped 47% to 11,915 units, taking total sales to 1,33,442 motorcycles, up 7%. The company also recorded its best-ever festive season, selling 2,67,400 motorcycles across September and October. 

2026 turns into a strong year for electric two-wheelers

Electric two-wheelers had another record month in October, with retail registrations reaching 2.23 lakh units, up 48% year-on-year and 7% from September. The October figure was the second consecutive monthly record for the segment and took 2026 electric two-wheeler registrations past the entire 2025 volume by the end of October. 

TVS Motor led the electric two-wheeler market with 60,429 registrations, up 94% year-on-year. It became the first Indian electric two-wheeler brand to cross 60,000 units in a month. Bajaj Auto followed with 49,067 registrations, up 51%, while Ather Energy recorded 31,796 units, up 5%. 

Hero MotoCorp’s Vida electric two-wheelers recorded 29,901 registrations, an 81% increase from October last year. Ola Electric, meanwhile, registered 12,096 units, down 26% year-on-year. 

The January-October period has also been strong for electric two-wheelers, with the segment recording 17.9 lakh registrations, up 61% year-on-year. Electric two-wheelers accounted for 63% of all EV registrations during the first 10 months of 2026, underlining the growing importance of the segment in India’s electric vehicle market.