FADA (Federation of Automobile Dealers Associations) has announced its March 2026 sales report, which registered a YoY growth of 28.68% and a MoM increase of 14.73%.
Category
March 2026
March 2025
YoY %
February 2026
MoM %
2-Wheeler
1,951,006
1,516,150
28.68%
17,00,505
14.73%
In March 2026, the industry clocked in a total sales volume of 1,951,006 units, whereas in March 2025, the industry saw sales of 1,516,150 units. This resulted in a 28.68% growth in YoY growth. Moreover, a 14.73% growth in MoM sales is observed, as sales figures in February 2026 were 17,00,505 units.
OEM-wise Market Share Data for March 2026 with YoY %
2-Wheeler OEMs Sales Figures & Market Share in March 2026
Hero secured first place with 541,857 units sold in March 2026. This is an 24.11% incline from 436,598 units sold in March 2025. This translates to a market share decline of 3.55%.
Honda is the second top-selling two-wheeler manufacturer in March 2026 with total retail sales of 475,313 units. This marks a slight increase of 32.94% from 357,548 units in March 2025. The company's market share increased by 3.31%.
TVS registered a strong performance with 374,602 units sold in March 2026, compared to 276,276 units last year. This represents a YoY growth of 35.59% and an increase in market share of 5.37%.
Bajaj sold 216,253 units in March 2026, up from 171,866 units in March 2025. Its market share dropped to 2.22%, signalling a dip in competitiveness or product demand compared to the previous year.
Suzuki recorded 98,412 unit sales in March 2026, showing a solid increase of 15.84% from 84,955 units in March 2025. However, the market share declined by 9.98%.
Royal Enfield sold 96,510 motorcycles in March 2026, improving on 77,560 units in March 2025. As a result, the sales increased by 24.43%, highlighting strong demand in the mid-size premium segment.
Yamaha sold 65,705 units in March 2026 compared to 48,320 in March 2025. Its market share increased slightly by 5.67%, indicating a small contraction in its customer base or channel movement.
Ather Energy posted a strong performance with 35,736 units sold in March 2026, up from 15,650 units last year. Its sales jumped to 128.35%, making it one of the standout performers in the EV segment.
Ola Electric saw a significant drop in sales from 23,634 units in March 2025 to 10,118 units in March 2026. Consequently, its sales declined by 57.19%, reflecting weakened demand or strategic adjustments.
With 7,965 units sold in March 2026 compared to 5,648 units in March 2025, Greaves Electric experienced an increase of 41.02%. Its market share also increased by 9.59%.
Classic Legends sold 4,617 units in March 2026, compared to 2,324 units in March 2025. This shows an increase in sales by 98.67%.
River Mobility has recorded the highest sales in March 2026 with 417.33% increase in sales, selling 4,149 units. In comparison, it sold 802 units in March 2025.
Bgauss sold 3,680 units in March 2026, showing a growth of 42.03% compared to 2,591 units sold last year.
Piaggio recorded an increase in retail sales, moving from 2,333 units in March 2025 to 3,122 units in March 2026. Its market share reduced to 33.82%, showing a slight decline in presence.
The “Others Including EV” segment posted 12,967 unit sales in March 2026, up from 10,045 units in March 2025. Its market share declined slightly to 29.09%.
