Indian Two-Wheeler Market Grows 21% in June as Electric Vehicles Gain Share

The Bottom Line

•Two-wheeler retail sales grew 21% YoY, with electric vehicles capturing 10.6% of the market.
•Watch for continued growth in electric vehicle adoption as more models hit the market.

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[Retail Market Surge]:

India's two-wheeler retail market demonstrated strong year-on-year growth in June 2026, with total retail sales reaching 18,28,458 units, a 21.22% increase compared to the 15,08,378 units sold in June 2025. Despite this annual growth, the market experienced a marginal month-on-month dip of 0.89% from May 2026, suggesting a slight cooling in demand after the peak summer season.

[Key Player Performance]:

Hero MotoCorp maintained its market leadership with 4,72,144 units sold, despite a 2.31% year-on-year decline in overall sales. Honda Motorcycle & Scooter India (HMSI) followed with 452,754 units, marking a 20.74% year-on-year increase. TVS Motor and Bajaj Auto also showed strong momentum, with retail sales growing by 22.76% and 13.52% respectively, reflecting a competitive landscape where most major players are capturing significant market share.

[The Electric Shift]:

A notable trend in the June data is the rising adoption of electric two-wheelers, which now account for 10.60% of total retail sales, up from 7.34% in June 2025. This shift indicates a growing consumer preference for sustainable mobility solutions. As electric vehicle infrastructure expands and more models enter the market, the two-wheeler sector is undergoing a structural transformation, with electric variants increasingly becoming a mainstream choice for urban commuters across the country.

Pulse Intelligence

^{AI Analysis}

Context & Background

June 2025 retail sales for two-wheelers stood at 15,08,378 units.
Electric two-wheeler market share was 7.34% in June 2025.
Major players like Hero, Honda, TVS, and Bajaj continue to dominate the retail landscape.

Key Consequences

Electric two-wheeler manufacturers will likely see increased investment and market penetration.
Traditional manufacturers will face pressure to accelerate their electric vehicle product launches.
Retail sales trends will continue to be a key indicator of consumer sentiment in the auto sector.

Market & Economic Impact

The shift toward electric vehicles is expected to drive long-term growth for EV component suppliers and manufacturers.