Two-wheeler retail sales in January 2026 reached 18,52,870 units, showing growth compared to both January 2025 and December 2025. Rural markets accounted for around 56% of total sales, while urban markets grew faster with a 22.19% year-on-year increase, indicating that purchases are not limited to festival seasons but also include regular replacement and upgrade cycles.
Hero MotoCorp retained its position as market leader with 4,92,167 units sold, capturing a 26.56% market share. Honda Motorcycle and Scooter India closely followed in second place with 4,72,938 units and 25.52% market share, while TVS Motor Company held third with 3,64,241 units and 19.66% share.
Other notable performers included Bajaj Auto Group at 1,95,752 units (10.56%), Royal Enfield at 1,06,398 units (5.74%), Suzuki Motorcycle India at 98,899 units (5.34%), India Yamaha Motor at 64,399 units (3.48%), and Classic Legends at 4,940 units (0.27%), reflecting continued demand for mid-size and lifestyle motorcycles.
In the electric two-wheeler segment, sales saw a slight decline, dropping from 7.4% in December 2025 to 6.63% in January 2026. Ather Energy led EV sales with 21,999 units (1.19%), followed by Ola Electric at 7,516 units (0.41%), Greaves Electric Mobility at 5,337 units (0.29%), Piaggio Vehicles at 2,939 units (0.16%), River Mobility at 2,587 units (0.14%), and Bgauss Auto at 2,477 units (0.13%). Other smaller EV brands collectively contributed 10,281 units (0.55%), showing that the long tail of electric mobility continues to be active despite smaller market share.
Overall, conventional fuel vehicles dominated the market, with petrol/ethanol two-wheelers accounting for 93.27%, EVs at 6.63%, and CNG/LPG-powered vehicles at 0.10%.
The data underscores the continuing strength of the internal combustion engine (ICE) segment, while EV adoption remains gradual but steadily expanding.
Click Here to get the latest EV news and exclusive updates from EV Mechanica on WhatsApp!