Two Wheeler Sales in October 2026: Honda Leads, TVS Tops EV Market
By Anmol Kumar
Published November 11, 2026
Quick Read - Honda retained the overall lead, while TVS topped the electric two-wheeler segment with 60,494 registrations. Electric two-wheeler registrations grew 48.5% over October 2025.
India's two-wheeler market recorded 23,21,419 retail registrations in October 2026, compared with 32,39,949 units in the same month last year. This represents a 28.35% year-on-year decline, although the industry continued to see strong competition across the mass-market, premium and electric segments.
Honda Motorcycle and Scooter India retained its position as the country's largest two-wheeler manufacturer, followed by Hero MotoCorp and TVS Motor. Among electric two-wheelers, TVS maintained its lead, while Bajaj and Ather completed the top three.
Also Read - Top 10 Bestselling Cars in October 2026: Wagon R Leads While Creta Misses Out
Overall Two-Wheeler Sales
| Manufacturer | Oct 2026 | Oct 2025 | YoY Growth |
|---|---|---|---|
| Honda | 6,37,630 | 8,50,875 | -25.1% |
| Hero MotoCorp | 5,98,433 | 10,06,796 | -40.6% |
| TVS Motor | 4,58,303 | 5,72,347 | -19.9% |
| Bajaj Auto | 2,09,634 | 3,35,229 | -37.5% |
| Royal Enfield | 1,23,982 | 1,54,563 | -19.8% |
| Suzuki | 1,20,931 | 1,42,132 | -14.9% |
| Yamaha | 79,001 | 94,769 | -16.6% |
| Ather Energy | 31,833 | 30,246 | +5.2% |
| Ola Electric | 12,098 | 16,439 | -26.4% |
| Greaves Electric | 10,839 | 7,743 | +40.0% |
| River Mobility | 6,817 | 1,823 | +273.9% |
| Classic Legends | 5,943 | 7,500 | -20.8% |
| BGauss Auto | 5,556 | 3,077 | +80.6% |
| Piaggio | 4,021 | 3,916 | +2.7% |
| Others, including EV | 16,398 | 12,494 | +31.2% |
| Total | 23,21,419 | 32,39,949 | -28.35% |
Honda registered 6.37 lakh two-wheelers in October, maintaining a lead of nearly 39,200 units over Hero MotoCorp. Hero recorded the steepest decline among the three largest manufacturers, with registrations falling 40.6% year-on-year.
TVS Motor performed relatively better, with its registrations declining by 19.9%. This helped it increase its market share to 19.74%, narrowing the gap with Hero. Royal Enfield and Suzuki also gained market share despite registering fewer vehicles than in October last year.
Also Read - EICMA 2026: All The Major Bikes Unveiled
Electric Two-Wheeler Sales
| Manufacturer | Oct 2026 | YoY Growth | Market Share |
|---|---|---|---|
| TVS Motor | 60,494 | +94.7% | 27.0% |
| Bajaj Auto | 49,127 | +51.3% | 21.9% |
| Ather Energy | 31,833 | +5.2% | 14.2% |
| Hero Vida | 29,958 | +81.6% | 13.4% |
| Ola Electric | 12,098 | -26.4% | 5.4% |
| Greaves Electric | 10,839 | +40.0% | 4.8% |
| River Mobility | 6,817 | +273.9% | 3.0% |
| BGauss | 5,556 | +80.6% | 2.5% |
| e-Sprinto | 2,124 | +109.3% | 0.9% |
| Motovolt | 1,702 | +158.3% | 0.8% |
| Oben Electric | 1,564 | +311.6% | 0.7% |
| Simple Energy | 1,508 | +42.5% | 0.7% |
| Revolt Motors | 1,363 | +0.4% | 0.6% |
| Lectrix EV | 1,259 | +159.6% | 0.6% |
| Honda | 1,146 | +164.1% | 0.5% |
| Others | 6,716 | +9.3% | 3.0% |
| Total | 2,24,104 | +48.5% | 100% |
The electric two-wheeler segment had a much stronger October, recording 2,24,104 registrations against 1,50,896 units in October 2025. This translates to 48.5% year-on-year growth, with TVS Motor leading the segment ahead of Bajaj Auto and Ather Energy.
TVS Motor led the electric two-wheeler market with 60,494 registrations, nearly 11,400 units ahead of Bajaj Auto. Both manufacturers recorded strong annual growth, with TVS increasing its registrations by 94.7% and Bajaj by 51.3%.
Ather Energy retained third position with 31,833 units, although its growth was more modest at 5.2%. Hero Vida followed closely with 29,958 registrations, up 81.6% year-on-year. The gap between the two brands was just 1,875 units.
Also Read - EICMA 2026: Major Scooters Unveiled
Ola Electric continued to face pressure, with registrations falling 26.4% to 12,098 units. In contrast, River Mobility recorded one of the strongest performances, growing 273.9% to 6,817 units. Oben Electric also saw a substantial increase, with registrations rising 311.6%.
Electric two-wheelers accounted for approximately 9.7% of all two-wheeler registrations in October, compared with around 4.7% in October 2025. This shows that EV adoption continued to expand even as the overall two-wheeler market recorded a sharp annual decline.
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Table of Contents
- Overall Two-Wheeler Sales
- Electric Two-Wheeler Sales
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