Hero led domestic sales in September, while Bajaj topped exports. TVS moved ahead of Honda in combined domestic and export volumes during July–September 2026, finishing close behind Hero.
India’s two-wheeler industry recorded combined domestic and export sales of 30,07,900 units in September 2026, growing 15.70% over 25,99,662 units a year earlier. Domestic volumes increased 13.50% to 24,63,103 units, while exports grew faster at 26.83%, reaching 5,44,797 units. Top six manufacturers – Hero, Honda, TVS, Bajaj, Royal Enfield and Suzuki; together registered 28,37,799 units, up 15.45% year-on-year. Their combined volumes also improved 16.27% over August, supported primarily by higher domestic sales.
Two Wheeler Sales Sep 2026
Hero retained first position with domestic sales of 7,39,108 units, growing 14.13% over September 2025. Sales rose 36.29% compared to August, giving Hero the largest sequential volume increase among the six manufacturers. Honda followed with 6,36,768 units, up 25.92% year-on-year and 23.09% month-on-month. It delivered the strongest annual percentage growth in this group and added 1,31,075 units over September last year.
TVS ranked third with 4,82,073 units, registering growth of 16.65% year-on-year and 11.13% month-on-month. Bajaj recorded 2,39,771 units, down 12.23% annually, although volumes recovered 18.76% over August. It was the only manufacturer among these six to report a domestic year-on-year decline.
Royal Enfield recorded 1,21,326 units, growing 6.83% year-on-year and 6.24% month-on-month. Suzuki followed with 1,08,806 units, up 2.76% annually but down 4.50% sequentially. Together, the six manufacturers recorded domestic sales of 23,27,852 units, up 13.05% year-on-year and 21.02% month-on-month.
Exports September 2026 – Bajaj And TVS Dominate
Bajaj led exports with 2,11,723 units, growing 34.29% over September 2025. However, shipments declined 12.46% compared to August. TVS followed with 1,63,882 units, recording strong growth of 48.12% year-on-year and 3.96% month-on-month. Honda exported 69,498 units, up 11.25% annually and 12.40% sequentially. Hero recorded 27,330 units, declining 31.05% year-on-year, although exports improved 4.74% over August. Suzuki’s exports rose 40.86% to 24,882 units, while Royal Enfield registered 12,632 units, up 17.45%.
Top six-brand export total reached 5,09,947 units, growing 27.86% annually but falling 1.40% month-on-month. Bajaj and TVS together accounted for nearly three-fourths of exports within this group, underlining their importance to its overseas performance.
Combined September Sales – All Six Brands Grow
Including domestic sales and exports, Hero led with 7,66,438 units, up 11.53%. Honda ranked second with 7,06,266 units and growth of 24.31%, followed by TVS at 6,45,955 units, up 23.29%.
Bajaj’s export gains more than offset its domestic decline, lifting combined sales by 4.79% to 4,51,494 units. Royal Enfield recorded 1,33,958 units, up 7.75%, narrowly finishing ahead of Suzuki’s 1,33,688 units, which represented 8.21% growth.
Q3 2026 – TVS Closes In On Hero
During July–September 2026, total industry volumes reached 80,75,631 units, growing 17.44% year-on-year. Domestic sales increased 15.05% to 64,21,284 units, while exports rose 27.70% to 16,54,347 units. The six manufacturers together contributed 76,07,876 units, up 16.68%. Hero retained the combined sales lead with 18,68,252 units, growing 10.50%. TVS ranked second with 18,40,530 units, registering the strongest growth among the six at 26.63%.
Honda followed closely with 18,28,362 units, up 12.97%. Just 39,890 units separated the top three manufacturers, with TVS trailing Hero by 27,722 units and leading Honda by 12,168 units. Bajaj recorded 12,83,961 units, growing 20.11%. Suzuki ranked fifth with 4,08,102 units, up 12.56%, followed by Royal Enfield at 3,78,669 units, up 16.02%.
Domestic Strength And Exports Shape Quarterly Rankings
Hero led Q3 domestic sales with 17,82,816 units, followed by Honda at 16,30,533 units and TVS at 13,53,263 units. TVS posted the strongest domestic growth among the six at 24.05%. Bajaj recorded 6,07,416 units, Suzuki 3,45,958 units and Royal Enfield 3,40,847 units.
In exports, Bajaj led with 6,76,545 units, up 43.21%, followed by TVS at 4,87,267 units, up 34.37%. Honda exported 1,97,829 units, Hero 85,436 units, Suzuki 62,144 units and Royal Enfield 37,822 units. Hero was the only one of these manufacturers to report declining quarterly exports.
