Indian Two Wheeler Market H1 FY 2026

The Indian two-wheeler market is moving towards registering a growth of 0.7% in H1 FY 2026. In Q1 FY 2026, the Indian two-wheeler industry registered a decline of 6% compared to FY 2025. The market recovered speedily in the second quarter of FY 2026 and grew by 7%.

Excess scooter production occurred in Q1 FY 2026, assuming the demand or sales of Scooters will exceed 5% growth. However, sales declined by 0.2% in the same period. An almost similar situation was noted for Motorcycles because their production fell by 1.3%, but sales decreased by 9.3% in Q1 FY 2026. The export of the two-wheeler increased by a double-digit of 29%, but the scooter export decreased by 7.3% in Q1 FY 2026.

In Q2 FY 2026, the Scooter and Motorcycle segments recovered from negative to positive growth. Their production volume increased by 12% and 10.4%, respectively. Their sales grew by 12.4% and 5%. The exports of both segments registered double-digit growth.GST rate cut and the festive season were the key factors behind the growth.

In FY H1 2026, the Scooter segment registered 6.4%, and the Motorcycle segment declined by 2.1%. The Two-Wheeler export market is flourishing for Indian Two-Wheeler Brands.

Honda lost 7% of its market share in H1 FY 2026 in the Scooter segment because Indian buyers widely accept TVS Motors’ Scooters. Suzuki, Hero MotorCorp, and Ather are benefiting from favourable market dynamics. Bajaj Electric Scooter lost minor market share in H1 FY 2026.

In the Motorcycle segment, TVS and Royal Enfield are two brands that increased their market share in H1 FY 2026 compared to H1 FY 2025. TVS and Royal Enfield Motorcycle quality and performance are the main drivers behind their growth. Royal Enfield grew by 21%, and TVS grew by 8% in the first six months of the current financial year.

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