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FADA has released its Financial Year 2026 two-wheeler retail sales report, highlighting steady growth despite mixed performance across manufacturers. In FY'26, the Indian two-wheeler market recorded retail sales of 21,420,386 units, compared to 18,889,595 units in FY'25. This reflects an overall 13.40% year-on-year growth, supported by rising demand for premium motorcycles, scooters, and electric two-wheelers.
| Category | FY'26 | FY'25 | YoY % |
| 2-Wheeler | 21,420,386 | 18,889,595 | +13.40% |
Hero retained its position as the market leader with 6,083,248 units sold in FY'26, up from 5,446,404 units in FY'25. This translated into a 11.69% YoY growth. However, the company’s market share declined slightly by 1.50%, indicating rising competition across commuter and scooter segments.
Honda secured second place with 5,361,458 units in FY'26, compared to 4,791,389 units in FY'25. The brand posted a 11.90% YoY growth, though its market share slipped by 1.32%, reflecting increasing pressure from both ICE and EV competitors.
TVS Company delivered one of the strongest performances, selling 4,046,666 units in FY'26 versus 3,303,633 units in FY'25. This resulted in a robust 22.49% YoY growth, along with a 8.02% gain in market share.
Bajaj reported 2,249,778 units in FY'26, slightly up from 2,155,582 units in FY'25. This marked a 4.37% YoY increase, with market share dropping by 7.96%.
Suzuki recorded 1,140,730 units in FY'26, up from 983,034 units in FY'25. The company achieved a healthy 16.04% YoY growth, while market share improved by 2.33%, driven largely by scooter-led demand.
Royal Enfield continued its strong upward trajectory with 1,108,597 units sold in FY'26, compared to 846,256 units in FY'25. This delivered an impressive 31.00% YoY growth, alongside an 15.52% rise in market share..
Yamaha sold 715,564 units in FY'26 versus 650,266 units in FY'25. The brand posted a modest 10.04% YoY growth, although market share declined by 2.96%, indicating stable but limited expansion.
Ather Energy emerged as one of the fastest-growing players, retailing 239,178 units in FY'26, up from 131,172 units in FY'25. This translated into a massive 82.34% YoY growth, with market share rising by 60.80%, highlighting strong momentum in the premium EV space.
Ola Electric faced a sharp slowdown, selling 164,295 units in FY'26 compared to 344,300 units in FY'25. This resulted in a steep 52.28% YoY decline, with market share falling by 57.92%, signalling significant challenges in sustaining volumes.
Greaves Electric sold 61,563 units in FY'26, up from 40,169 units in FY'25. The company reported a 53.26% YoY growth, along with a 35.15% improvement in market share, supported by growing acceptance of affordable electric scooters.
Classic Legends registered 45,409 units in FY'26 versus 32,482 units in FY'25. This marked a 39.80% YoY growth, with market share increasing by 23.28%, reflecting steady interest in Jawa and Yezdi motorcycles.
Piaggio recorded 33,887 units in FY'26, almost similar to 33,448 units in FY'25. The brand saw a 1.31% YoY growth and 10.66% drop in market share, indicating subdued demand.
BGauss Auto sold 26,201 units in FY'26, compared to 17,343 units in FY'25. This resulted in a 51.08% YoY growth, with market share improving by 33.22%, supported by gradual EV expansion.
The “Others Including EV” category recorded 121,458 units in FY'26, up from 109,870 units in FY'25. This reflects an 10.55% YoY growth, with a 2.51% decline in market share, driven by new and smaller EV players entering the market.
Before you go, don’t forget to check out the top upcoming two-wheelers in April 2026.
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