India Two-Wheeler Sales Feb 2026: Hero, Honda Cross 5 Lakh Units as Market Surges

India’s two-wheeler industry recorded total domestic dispatches of 18,71,406 units in February 2026, compared to 13,84,605 units in February 2025, translating into a 35.2% year-on-year growth. The momentum was driven by improved rural demand, steady urban consumption, and continued traction in scooters and premium motorcycles.

Market Leader Battle: Hero vs Honda

At the top of the rankings, Hero MotoCorp retained its position as India’s largest two-wheeler manufacturer with 5,16,968 units dispatched in February 2026. The company registered a 44.7% YoY growth, significantly outpacing the industry average. Its market share improved to 27.62%, up from 25.80% last year.

Close behind was Honda Motorcycle & Scooter India, which dispatched 5,13,217 units, marking a 33.7% increase year-on-year. However, despite strong volume growth, Honda’s market share slipped slightly to 27.42%, down from 27.73% in February 2025.

The narrow gap between the two companies indicates an increasingly competitive race for the top position in India’s two-wheeler market.

TVS Consolidates Third Position

TVS Motor Company maintained its third position with 3,65,471 units, up 32.4% YoY. The company’s market share stood at 19.53%, marginally lower than 19.94% a year earlier.

TVS continues to benefit from strong demand for its scooter lineup and growing traction in premium motorcycles and electric mobility.

Bajaj and Suzuki Continue Growth Momentum

Bajaj Auto reported 1,86,164 units, representing 27.4% growth year-on-year. However, its market share declined to 9.95%, compared to 10.55% in February 2025.

Meanwhile, Suzuki Motorcycle India crossed the 1 lakh monthly dispatch mark, reporting 1,01,071 units, a strong 38.0% YoY growth. Suzuki was among the few legacy OEMs to record a market share gain, increasing to 5.40% from 5.29%.

Premium Segment Performance

In the mid-size and premium motorcycle segment:

• Royal Enfield reported 91,248 units, up 12.9% YoY, though its market share fell to 4.88% from 5.84% last year.

• Yamaha Motor India recorded 67,072 units, growing 32.9%, but its share slightly declined to 3.58%.

EV Momentum: Ather Leads Growth Chart

Among emerging electric two-wheeler players, Ather Energy delivered one of the strongest performances. The company dispatched 26,467 units, representing a massive 96.3% year-on-year growth. Its market share increased to 1.41% from 0.97%, highlighting the rising traction of electric scooters.

Niche and Luxury Motorcycle Segment

Smaller premium brands also reported strong percentage growth, albeit on lower volumes:

• Kawasaki India recorded 565 units, registering 112.4% growth.

• Triumph Motorcycles India dispatched 154 units, growing 62.1% YoY.

Others

Piaggio Vehicles, which primarily sells Vespa and Aprilia scooters, recorded 3,009 units, showing 21.7% growth, though its market share declined marginally.

Key Takeaways

• Total industry growth: 35.2% YoY

• Hero MotoCorp strengthened its leadership with market-share gains.

• Honda remained a close second but saw a slight erosion in its share.

• Suzuki and Ather were among the biggest gainers in market share.

• Electric two-wheelers continue to scale rapidly, led by Ather.

The strong February performance suggests that the two-wheeler sector is seeing sustained demand recovery, especially in entry-level motorcycles and scooters. With upcoming festive demand and continued EV adoption, the industry could maintain positive momentum in the coming months.