India Two-Wheeler Sales October 2026 Fall

India's two-wheeler retail market experienced a significant contraction in October 2026, with total registrations falling 28.35% to 23,21,419 units compared with 32,39,949 units during the same month last year. Data released by the Federation of Automobile Dealers Associations indicates a reduction of 9,18,530 registrations, primarily reflecting the impact of an exceptionally high comparison base from October 2025. Despite the overall downward trend in india two wheeler sales, several manufacturers shifted market share rankings.

Honda Motorcycle and Scooter India retained its position as the largest manufacturer with 6,37,630 retail registrations, outperforming the broader market to increase its share to 27.47%. Hero MotoCorp remained in second place with 5,98,433 registrations, though its market share contracted by 5.29 percentage points to 25.78%. TVS Motor strengthened its standing in third place, registering 4,58,303 units while raising its market share to 19.74% and narrowing the volume gap with Hero MotoCorp.

Honda retained retail leadership while TVS and Suzuki gained market share.

Other major manufacturers reported varied performances. Bajaj Auto recorded 2,09,634 registrations, keeping its fourth-place rank despite a 37.5% year-on-year decline. Royal Enfield and Suzuki Motorcycle India posted smaller registration drops of 19.8% and 14.9% respectively, allowing both brands to expand their market shares. Meanwhile, electric two-wheeler makers showed divergent paths, with Ather Energy and River Mobility posting growth while Ola Electric registered a decline.

Why it matters

The October retail data highlights how calendar shifts and high base effects impact monthly automotive comparisons. While overall volumes dropped sharply, the changing market shares among leading original equipment manufacturers demonstrate shifting consumer preferences across the industry.