India Two-Wheeler Sales July 2026: Retail Registrations Jump 28%; Honda Leads Hero, TVS Gains Market Share

India’s two-wheeler market recorded a strong performance in July 2026, with total retail registrations reaching 18,18,289 units, according to data released by the Federation of Automobile Dealers Associations (FADA).

Compared with 14,17,767 units registered in July 2025, the industry expanded by a healthy 28.3% year-on-year, adding more than 4 lakh units in absolute volumes.

Honda Motorcycle & Scooter India (HMSI) retained the top position in the retail market, narrowly ahead of Hero MotoCorp, while TVS Motor emerged as one of the strongest performers among the established manufacturers. The electric two-wheeler segment, meanwhile, presented a contrasting picture: Ather Energy, Greaves Electric, River and BGauss posted substantial growth, while Ola Electric registrations declined year-on-year.

Two-Wheeler Retail Sales – July 2026

Two-Wheeler OEM	July 2026	July 2025	YoY Growth	Market Share Jul'26	Market Share Jul'25
Honda Motorcycle & Scooter India	4,69,687	3,65,395	28.5%	25.83%	25.77%
Hero MotoCorp	4,40,662	3,47,398	26.8%	24.23%	24.50%
TVS Motor Company	3,74,113	2,80,337	33.5%	20.58%	19.77%
Bajaj Auto	1,80,183	1,46,667	22.9%	9.91%	10.34%
Suzuki Motorcycle India	1,02,668	93,984	9.2%	5.65%	6.63%
Royal Enfield	95,080	72,207	31.7%	5.23%	5.09%
India Yamaha Motor	67,781	52,486	29.1%	3.73%	3.70%
Ather Energy	30,357	17,834	70.2%	1.67%	1.26%
Ola Electric	14,106	18,450	-23.5%	0.78%	1.30%
Greaves Electric Mobility	10,125	4,266	137.3%	0.56%	0.30%
River Mobility	5,954	1,680	254.4%	0.33%	0.12%
BGauss Auto	5,518	1,763	213.0%	0.30%	0.12%
Classic Legends	4,541	2,465	84.2%	0.25%	0.17%
Piaggio Vehicles	3,684	2,754	33.8%	0.20%	0.19%
Others Including EV	13,830	10,081	37.2%	0.76%	0.71%
Total	18,18,289	14,17,767	28.3%	100%	100%

Source: FADA Research. Figures represent retail registrations.

• In July 2026, Honda Motorcycle & Scooter India led India's two-wheeler retail market with 4,69,687 units, up from 3,65,395 units in July 2025, marking a 28.5% YoY growth. Honda's market share was 25.83%, slightly above the previous year's 25.77%. The company's lead over Hero MotoCorp was about 29,000 units, indicating intense competition.

• Hero MotoCorp ranked second with 4,40,662 retail registrations, a 26.8% increase from 3,47,398 units in July last year. Despite this growth, its market share decreased slightly from 24.50% to 24.23% as the overall two-wheeler industry expanded faster.

• TVS Motor Company achieved strong performance with 3,74,113 registrations, a 33.5% YoY increase from 2,80,337 units in July 2025. TVS also expanded its market share from 19.77% to 20.58%, gaining 0.81 percentage points. Among India's top three two-wheeler manufacturers, TVS recorded the highest growth rate and market-share improvement.

• Bajaj Auto sold 1,80,183 units, a 22.9% rise from 1,46,667 units in July 2025. However, its market share fell from 10.34% to 9.91% because the overall market grew over 28%, making Bajaj's 23% increase insufficient to maintain its previous share.

• Suzuki Motorcycle India registered 1,02,668 units in July 2026, up from 93,984 units the previous year, marking a 9.2% YoY increase and surpassing the one-lakh registration milestone. However, Suzuki's market share fell from 6.63% in July 2025 to 5.65% in July 2026, making it one of the largest market-share losers among mainstream OEMs.

• In July 2026, Royal Enfield registered 95,080 units, a 31.7% increase from 72,207 units the previous year. The market share rose slightly from 5.09% to 5.23%, highlighting strength in the premium motorcycle segment as the company nears the one-lakh monthly retail mark.

• India Yamaha Motor registered 67,781 units in July 2026, a 29.1% increase from 52,486 units in July 2025, slightly outperforming industry growth. Its market share rose from 3.70% to 3.73%.

Electric Two-Wheeler Market

• Ather Energy registered 30,357 units, up from 17,834 units last year, marking a 70.2% YoY growth. Its market share increased from 1.26% to 1.67%, enhancing its position in India's electric scooter market.

• Ola Electric was the notable exception to the wider industry growth trend. The company registered 14,106 units in July 2026, compared with 18,450 units in July 2025. Registrations therefore fell by 23.5% YoY. Its share of India's overall two-wheeler retail market fell sharply from 1.30% to 0.78%.

• Greaves Electric Mobility registered 10,125 units, against 4,266 units a year ago.

  That translates into exceptional growth of approximately 137%, with market share increasing from 0.30% to 0.56%.

• River Mobility was among the fastest-growing manufacturers in percentage terms. Registrations increased from 1,680 units to 5,954 units, representing growth of around 254% YoY. Its overall two-wheeler market share increased from just 0.12% to 0.33%.

• BGauss Auto also recorded a sharp increase, registering 5,518 units compared with 1,763 units last year. This translates into approximately 213% YoY growth, with its market share rising from 0.12% to 0.30%.

• Classic Legends, which operates motorcycle brands including Jawa, Yezdi and BSA in India, registered 4,541 units during July 2026. That compares with 2,465 registrations during July 2025, representing 84.2% YoY growth. Its market share increased from 0.17% to 0.25%.

• Piaggio Vehicles, meanwhile, registered 3,684 units, up approximately 33.8% YoY.

India’s two-wheeler retail registrations reached 18,18,289 units in July 2026, up 28.3% YoY, with Honda Motorcycle & Scooter India leading the market.

AutoPunditz Note

The figures above are vehicle retail registrations rather than OEM wholesale/dispatch numbers. According to FADA, July 2026 data was collated as of August 5, 2026, in collaboration with the Ministry of Road Transport & Highways and covers 1,465 of 1,468 RTOs. “Others” includes OEMs accounting for less than 0.1% market share.