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2-Wheeler Retail Sales September 2026 (Vahan Data): Honda Beats Hero
Updated: Oct 2
The Indian two-wheeler market remains one of the largest and most dynamic automotive segments globally. Based on the latest VAHAN retail registration data across all states, here's a deep dive into how the market performed across August and September 2026, offering a fascinating snapshot of consumer buying patterns, brand performance, and the accelerating shift toward electric mobility.
2-Wheeler Retail Sales Data (August vs. September 2026)
Rank | Brand | September 2026 (Units) | August 2026 (Units) | MoM Growth (%) |
1 | Honda Motorcycle & Scooter India (P) Ltd | 4,68,618 | 4,49,763 | +4.19% |
2 | Hero MotoCorp Ltd | 4,34,442 | 4,16,096 | +4.41% |
3 | TVS Motor Company Ltd | 3,64,612 | 3,56,040 | +2.41% |
4 | Bajaj Auto Ltd | 1,65,999 | 1,58,189 | +4.94% |
5 | Royal-Enfield (Unit of Eicher Ltd) | 1,01,936 | 96,813 | +5.29% |
6 | Suzuki Motorcycle India Pvt Ltd | 1,01,816 | 1,05,023 | -3.05% |
7 | India Yamaha Motor Pvt Ltd | 64,265 | 62,754 | +2.41% |
8 | Ather Energy Ltd | 30,479 | 29,069 | +4.85% |
9 | Ola Electric Technologies Pvt Ltd | 13,449 | 13,941 | -3.53% |
10 | Greaves Electric Mobility Ltd | 9,316 | 8,623 | +8.04% |
11 | River Mobility Pvt Ltd | 5,549 | 5,216 | +6.38% |
12 | BGauss Auto Private Limited | 5,023 | 5,045 | -0.44% |
13 | Classic Legends Pvt Ltd | 4,568 | 4,361 | +4.75% |
14 | Piaggio Vehicles Pvt Ltd | 3,776 | 3,654 | +3.34% |
15 | Bounce Electric 1 Pvt Ltd | 3,069 | 1,049 | +192.56% |
16 | E-Sprinto Green Energy Pvt Ltd | 1,997 | 120 | +1564.17% |
17 | Oben Electric Vehicles Pvt Ltd | 1,417 | 642 | +120.72% |
18 | Simpleenergy Pvt Ltd | 1,351 | 1,664 | -18.81% |
19 | Lectrix E Vehicles Pvt Ltd | 1,153 | 851 | +35.49% |
20 | Revolt Intellicorp Pvt Ltd | 1,027 | 918 | +11.87% |
Highlights
A closer look at the month-over-month (MoM) figures highlights several emerging trends in both the internal combustion engine (ICE) and EV segments:
The Big Two Maintain Dominance: Honda Motorcycle and Scooter India and Hero MotoCorp lead the charts, with Honda growing from 4,49,763 units in August to 4,68,618 units in September. Hero closely followed, increasing its sales from 4,16,096 to 4,34,442 units.
Steady Mid-Tier Performers: TVS Motor Company and Bajaj Auto secured the third and fourth spots, respectively, both registering positive month-on-month growth. TVS sales rose from 3,56,040 to 3,64,612, while Bajaj saw an uptick from 1,58,189 to 1,65,999.
Royal Enfield Overtakes Suzuki: In the premium commuter segment, Royal-Enfield crossed the one-lakh mark in September (1,01,936 units), successfully surpassing Suzuki, which experienced a slight dip from 1,05,023 units in August to 1,01,816 units in September.
EV Market Dynamics: Ather Energy demonstrated strong momentum in the electric segment, growing from 29,069 to 30,479 units. Conversely, Ola Electric Technologies saw a marginal decline, dropping from 13,941 units in August to 13,449 units in September.
Breakout Micro-Trends: Some of the most dramatic percentage jumps occurred further down the list. Bounce Electric nearly tripled its retail sales, leaping from 1,049 to 3,069 units. Similarly, E-Sprinto Green Energy experienced a massive surge, growing from a modest 120 units in August to 1,997 in September. Oben Electric also more than doubled its figures, rising from 642 to 1,417 units.
