Hero Leads 2026 January Two Wheeler Market
By Salil Kumar
Updated February 10, 2026
| Two-Wheeler OEM | Jan '26 | Market Share (%) Jan '26 | Jan '25 | Market Share (%) Jan '25 |
|---|---|---|---|---|
| HERO MOTOCORP LTD | 4,92,167 | 26.56% | 4,11,529 | 26.83% |
| HONDA MOTORCYCLE AND SCOOTER INDIA (P) LTD | 4,72,938 | 25.52% | 3,74,474 | 24.42% |
| TVS MOTOR COMPANY LTD | 3,64,241 | 19.66% | 2,88,742 | 18.83% |
| BAJAJ AUTO GROUP | 1,95,752 | 10.56% | 1,74,414 | 11.37% |
| BAJAJ AUTO LTD | 1,95,752 | 10.56% | 1,74,414 | 11.37% |
| CHETAK TECHNOLOGY LIMITED | - | 0.00% | - | 0.00% |
| ROYAL-ENFIELD (UNIT OF EICHER LTD) | 1,06,398 | 5.74% | 78,730 | 5.13% |
| SUZUKI MOTORCYCLE INDIA PVT LTD | 98,899 | 5.34% | 88,892 | 5.80% |
| INDIA YAMAHA MOTOR PVT LTD | 64,399 | 3.48% | 58,359 | 3.81% |
| ATHER ENERGY LTD | 21,999 | 1.19% | 13,097 | 0.85% |
| OLA ELECTRIC TECHNOLOGIES PVT LTD | 7,516 | 0.41% | 24,413 | 1.59% |
| GREAVES ELECTRIC MOBILITY PVT LTD | 5,337 | 0.29% | 3,613 | 0.24% |
| CLASSIC LEGENDS PVT LTD | 4,940 | 0.27% | 2,839 | 0.19% |
| PIAGGIO VEHICLES PVT LTD | 2,939 | 0.16% | 2,806 | 0.18% |
| RIVER MOBILITY PVT LTD | 2,587 | 0.14% | 611 | 0.04% |
| BGAUSS AUTO PRIVATE LIMITED | 2,477 | 0.13% | 1,451 | 0.09% |
| Others Including EV | 10,281 | 0.55% | 9,586 | 0.63% |
| Total | 18,52,870 | 100% | 15,33,556 | 100% |
India’s two-wheeler market grew by over 20.8 percent YoY in January 2026, adding nearly 3.2 lakh extra units compared to January 2025, and this growth was driven almost entirely by the top three OEMs. Hero MotoCorp added 80,638 units YoY, but its market share slipped by 0.27 percentage points, meaning Hero grew slower than the market, mainly due to pressure in entry-level commuter bikes. Honda was the biggest winner, adding 98,464 units and gaining 1.1 percentage points of market share, largely on the back of Activa, Shine and SP series volumes.
TVS posted the fastest growth among large OEMs, adding 75,499 units and expanding share by 0.83 points, helped by strong Raider 125, Jupiter and iQube demand. Bajaj Auto grew volumes by 21,338 units, but lost 0.81 points of share, showing continued weakness in domestic commuters despite Pulsar support. R
oyal Enfield grew 35 percent YoY, adding 27,668 units, clearly benefiting from sustained demand for 350 cc models. In EVs, Ather nearly doubled volumes and improved share, while Ola Electric lost over 16,800 units YoY, with market share collapsing from 1.59 percent to 0.41 percent, making it the biggest loser in absolute and relative terms.
Source- FADA
Join the Conversation
Trending
Bajaj Pulsar Range Offered With Festive Benefits Of Up To Rs 12,000
Bajaj Auto is offering festive benefits of up to Rs 12,000 on its Pulsar range.
Arjun Nair
October 7, 2026
Triumph Bonneville T40 Launched at Rs 2.80 Lakh
Triumph has launched the Bonneville T40, T40 Black and T4 in India, bringing the classic Bonneville design to its 350cc range. The T40 pair gets a 4-inch TFT, five riding modes, cruise control and cornering rider aids, while the T4 costs less with a simpler equipment package.
Anmol Kumar
October 7, 2026
Bajaj Launches Pulsar NS400Z With New TFT Console at Rs 1.90 Lakh
Bajaj Pulsar NS400Z gets a new 5-inch TFT console, USB Type-C port and more features. Prices now start at Rs 1.90 lakh. Check for full details on the updated bike.
Salil Kumar
October 3, 2026
Featured
Citroen C3 Review: Who Should Consider This Car?
A few days ago, I took the Citroen C3X out for a spin in the city and on the highways. I travelled long distances and checked its fuel efficiency, features, comfort, and other factors. Today, I’ll briefly share my overall experience with the C3X and will tell you whether you should consider it or not and which is the most value-for-money variant of the lot.
Vatsal Agrawal
May 19, 2026
Tesla Finally In India Officially. Why Now And What Does It Mean For EVs?
The much-anticipated 2025 Tesla Model Y has officially arrived in India, marking a pivotal moment for the nation's burgeoning electric vehicle market. Launched on July 15, 2025, the Model Y Juniper facelift offers cutting-edge technology, impressive range, and signature Tesla performance. Positioned as a premium electric SUV, its entry will intensify competition and reshape consumer expectations for EVs across the subcontinent.
Author
July 17, 2025
Here Are 10 Things The Harrier.EV Offers That The Mahindra XEV 9E Doesn't
The Harrier.EV is an incredible new offer from Tata. Its most popular competitor would be the Mahindra XEV 9E, priced similarly. With these two incredible offerings from home grown brands available, here is a list of everything the Harrier.EV offers that the XEV 9E doesn't.
Author
June 13, 2025
Write a comment
Comments
No comments yet. Be the first to comment!