Two-Wheeler Sales FY 2026-27 (Year to Date): 1,10,53,895 Units, Up 20.5% YoY
Every two-wheeler registered in India over FY 2026-27 so far — April 2026 to September 2026. India's financial year runs April to March, the window every listed automaker reports on. Month-by-month volumes, the manufacturer leaderboard, how the segment moved against the rest of the market, and the same window in every earlier year on record.
Live. FY 2026-27 is still in progress — this page updates every day as new registrations are published.
Two-Wheeler sales month by month, FY 2026-27
India's two-wheeler market registered 1,10,53,895 two-wheelers in FY 2026-27 so far. Volumes rose sharply 20.5% against the 91,69,811 logged over the same 6 months of FY 2025-26.
April was the strongest month of the period at 19,90,617 two-wheelers and August the quietest at 17,27,455, an average of 18,42,316 a month. Every one of those 6 months grew on the same month a year earlier.
FY 2026-27 still has 6 months to run. Held at the pace of the 6 months already counted, it would finish near 2.21 Cr two-wheelers — a run rate rather than a forecast, and the festive quarter moves it more than anything else on this page.
Two-wheelers accounted for 71.0% of everything registered in India over the period, down from 71.2% in FY 2025-26. The whole market ran to 1,55,77,870 vehicles over the same window, up 20.9% year on year.
Two-Wheeler registrations by month — FY 2026-27 vs FY 2025-26
Vahan retail registrations, each month set against the same month a year earlier. The lighter bar is October so far, not yet in the FY 2026-27 total.
Every completed month of FY 2026-27, with the matching month of FY 2025-26 beside it.
| Month | FY 2026-27 units | FY 2025-26 units | YoY | Share of period |
|---|---|---|---|---|
| April 2026 | 19,90,617 | 17,50,314 | +13.7% | 18.0% |
| May 2026 | 18,62,240 | 17,15,598 | +8.5% | 16.8% |
| June 2026 | 18,43,306 | 15,08,419 | +22.2% | 16.7% |
| July 2026 | 18,31,364 | 14,17,782 | +29.2% | 16.6% |
| August 2026 | 17,27,455 | 14,32,545 | +20.6% | 15.6% |
| September 2026 | 17,98,913 | 13,45,153 | +33.7% | 16.3% |
Each month links through to its own full report.
Which manufacturer sold the most, FY 2026-27
Hero MotoCorp led the period with 28,48,998 registrations, up 16.0% on FY 2025-26. Honda 2W (HMSI) follows on 28,00,096, 48,902 behind — a gap of 1.02x.
The fastest riser in the top 15 was Bounce Electric 1, up 246.4% to 8,772, while Ola Electric was down 23.3% at 85,651.
Volumes here are registrations inside the segment only, counted with Vahan's own vehicle-class filter, so each is the manufacturer's two-wheeler volume over FY 2026-27. Companies that file electric models under a maker of their own appear as separate rows.
Top manufacturers by registrations — FY 2026-27
Registrations inside the segment (two-wheelers only).
Exact registrations over April 2026 to September 2026, with the change against FY 2025-26.
| # | Manufacturer | FY 2026-27 units | Share of two-wheelers | vs FY 2025-26 |
|---|---|---|---|---|
| 1 | Hero MotoCorp | 28,48,998 | 25.77% | +16.0% |
| 2 | Honda 2W (HMSI) | 28,00,096 | 25.33% | +22.1% |
| 3 | TVS Motor | 22,01,689 | 19.92% | +25.8% |
| 4 | Bajaj Auto | 11,07,519 | 10.02% | +13.2% |
| 5 | Suzuki 2W | 6,13,588 | 5.55% | +10.9% |
| 6 | Royal Enfield | 5,86,542 | 5.31% | +23.5% |
| 7 | Yamaha India | 3,90,423 | 3.53% | +24.5% |
| 8 | Ather Energy | 1,79,891 | 1.63% | +77.4% |
| 9 | Ola Electric | 85,651 | 0.77% | −23.3% |
| 10 | Greaves Electric | 53,733 | 0.49% | +107.4% |
| 11 | River Mobility | 29,103 | 0.26% | +229.0% |
| 12 | Classic Legends | 27,746 | 0.25% | +81.8% |
| 13 | BGauss | 26,134 | 0.24% | +151.3% |
| 14 | Piaggio | 20,914 | 0.19% | +29.0% |
| 15 | Bounce Electric 1 | 8,772 | 0.08% | +246.4% |
Two-Wheeler sales against the rest of the market
Set against the rest of the market, two-wheelers lagged the national picture over FY 2026-27: +20.5% against +20.9% for every vehicle registered in India.
The table covers every segment Vahan reports over the same 6-month window, so the comparison is like for like — the same months, the same source, on both sides.
Two-Wheeler share of the Indian market, month by month
Two-wheelers as a percentage of every vehicle registered that month.
Exact segment volumes over April 2026 to September 2026.
| Segment | FY 2026-27 units | Share | vs FY 2025-26 |
|---|---|---|---|
| Two-Wheelers | 1,10,53,895 | 70.96% | +20.5% |
| Cars & UVs | 23,19,400 | 14.89% | +24.7% |
| Three-Wheelers | 7,49,585 | 4.81% | +15.4% |
| Tractors | 5,50,000 | 3.53% | +20.4% |
| Goods Carriers | 5,05,772 | 3.25% | +25.9% |
| Taxis & Cabs | 2,25,980 | 1.45% | +32.5% |
| Other classes | 96,984 | 0.62% | −1.1% |
| Buses | 76,254 | 0.49% | +3.9% |
What two-wheelers run on
Vahan splits a segment by fuel only across a whole calendar year, so this table covers 2026 year to date rather than FY 2026-27 alone — it is exact for that window.
Petrol accounts for 90.5% of two-wheeler registrations over 2026 year to date, with battery-electric at 9.4%.
Two-Wheeler registrations by fuel — 2026 year to date
The 2026 year to date mix.
| Fuel | 2026 units | Share | vs full-year 2025 |
|---|---|---|---|
| Petrol | 1,60,27,047 | 90.50% | −2.91pp |
| Electric | 16,68,366 | 9.42% | +3.04pp |
| CNG / LPG | 13,760 | 0.08% | −0.13pp |
| Diesel | 6 | 0.00% | 0.00pp |
| Other | 5 | 0.00% | 0.00pp |
Two-Wheeler sales by financial year
Across the 2 completed windows in our Vahan record, two-wheeler registrations went from 1,95,92,209 in FY 2024-25 to 2,21,64,882 in FY 2025-26, up 13.1% over the stretch.
FY 2026-27 is still running — 6 of its 12 months are counted — so it is a part window and is never set against a full one. Its year-on-year figure compares only the months it actually holds.
Two-Wheeler registrations by financial year
* window still in progress.
| Period | Months | Units | YoY |
|---|---|---|---|
| FY 2026-27 (to date) | 6 | 1,10,53,895 | +20.5% |
| FY 2025-26 | 12 | 2,21,64,882 | +13.1% |
| FY 2024-25 | 12 | 1,95,92,209 | +7.7% |
Each row compares only the months that window holds, so a part period is never set against a full one.
Frequently asked questions
How many two-wheelers were sold in India in FY 2026-27?
What period does FY 2026-27 cover?
Which manufacturer sold the most two-wheelers in FY 2026-27?
Which was the strongest month for two-wheeler sales in FY 2026-27?
What share of the Indian market were two-wheelers in FY 2026-27?
What will full-year FY 2026-27 two-wheeler sales be?
Which financial year had the highest two-wheeler sales?
Are these retail sales or factory dispatches?
Two-Wheeler sales, other periods
More from the reports desk
Source. Every figure is a vehicle registration, taken daily from the Ministry of Road Transport & Highways' Vahan 4 dashboard (vahan.parivahan.gov.in) — the same source FADA and the industry use for retail data. Registrations are not the wholesale dispatch numbers manufacturers announce each month. "EV" means battery electric (Vahan fuels PURE EV and ELECTRIC(BOV)); hybrids are counted separately. Information only, not investment advice.
Using these numbers? Cite "Flash Finance (Vahan data)" with a link to this page. This report's chart card is free to republish with the same credit.
