India's two-wheeler industry has commenced the year 2026 on an exceptionally strong note, with January sales figures reflecting sustained and robust demand across all segments, including motorcycles, scooters, and the rapidly growing electric two-wheeler market. Most leading players in the sector have reported substantial gains, not only in the domestic market but also in export territories, indicating a healthy and expanding industry outlook.
Hero MotoCorp Leads with Impressive Growth
Hero MotoCorp, one of the industry giants, reported cumulative sales of 5,57,871 units in January 2026. This represents a significant 26 per cent growth compared to the 4,42,873 units sold in the same month last year. Motorcycle sales constituted the majority of these volumes, reaching 4,95,889 units, up from 4,00,293 units in January 2025. Domestic sales were particularly strong, standing at 5,20,208 units.
On a year-to-date basis for FY26, Hero's motorcycle sales have reached 4.81 million units, compared to 4.62 million units during the corresponding period last year. Additionally, Hero's electric brand, Vida, recorded 13,000 VAHAN registrations, reflecting a notable 21 per cent month-on-month growth, underscoring the rising popularity of electric vehicles.
Honda Motorcycle & Scooter India Shows Strong Performance
Honda Motorcycle & Scooter India also demonstrated a robust performance, with total sales of 5,74,411 units in January 2026. This included 5,19,579 units sold in the domestic market and 54,832 units exported. The company registered a 29 per cent year-on-year growth compared to January 2025.
For the year-to-date period of FY26, HMSI recorded total sales of 52,53,205 units, comprising 47,23,979 units in domestic sales and 5,29,226 units in exports, highlighting its balanced growth strategy.
TVS Motor Company Reports Significant Gains
TVS Motor Company's two-wheeler sales grew by 28 per cent to 4,94,195 units in January 2026. Domestic two-wheeler sales rose by 30 per cent to 3,83,262 units. Motorcycle sales increased by 26 per cent to 2,19,188 units, while scooter sales grew by 30 per cent to 2,22,926 units.
TVS' electric vehicle sales saw a sharp rise of 50 per cent, climbing to 37,756 units in January 2026 from 25,195 units last year. Exports also improved, with total overseas shipments rising by 21 per cent to 1,22,343 units, indicating a diversified market approach.
Bajaj Auto Maintains Solid Performance
Bajaj Auto reported a solid performance in January 2026, with total two-wheeler sales reaching 4,06,295 units. This marked a 24 per cent increase compared to 3,28,413 units sold in January 2025.
Domestic sales stood at 2,14,727 units during the month, registering a 25 per cent growth over 1,71,299 units recorded a year earlier. Exports continued to play a significant role, rising by 22 per cent to 1,91,568 units in January 2026, compared to 1,57,114 units in January 2025.
Royal Enfield and Suzuki Motorcycle India Also Show Positive Growth
Royal Enfield
Royal Enfield reported total sales of 1,04,322 units in January 2026, up from 91,132 units in January 2025. Domestic sales stood at 93,781 units, while exports were recorded at 10,541 units.
On a year-to-date basis, Royal Enfield crossed the one-million milestone, posting total FY26 sales of 10,25,420 units compared to 8,18,209 units in the previous year, reflecting a 25 per cent growth.
Suzuki Motorcycle India
Suzuki Motorcycle India also reported positive growth in January 2026, with total sales of 1,25,786 units, marking a 15 per cent increase over 1,08,921 units sold in January 2025. Domestic sales grew by 14 per cent to 1,00,296 units, while exports rose by 21 per cent to 25,490 units during the month.
Overall, the January 2026 sales data paints a promising picture for India's two-wheeler industry, with all major manufacturers experiencing growth across various segments and markets, setting a positive tone for the rest of the year.
