New Delhi: The Indian two-wheeler market continues to rev up, with sales crossing 2 crore units last year. According to data from the Society of Indian Automobile Manufacturers (SIAM), this marks a 5% growth over 2024’s 1.9 crore units, though still slightly below the record 2.1 crore units in 2018. Exports of two-wheelers surged by 24.2%, reaching a record 49.4 lakh units, driven by recovering demand in Africa, strong sales in South Asia, and rising motorcycle demand globally.
Top Performers
Among manufacturers, Hero MotoCorp maintained its lead as India’s largest two-wheeler maker, with sales rising 2% to 57.5 lakh units. Honda Motorcycle & Scooter India followed closely with a 2% increase to 54 lakh units.
However, TVS Motor emerged as the biggest gainer, recording a 15.7% jump in sales to 39.8 lakh units. In contrast, Bajaj Auto’s sales fell by 5.1% to 22.2 lakh units, making it the only top-five player to see a decline. Meanwhile, Suzuki Motorcycle India grew 10.8% to 11.3 lakh units.
Reasons Behind the Surge
SIAM attributes the growth to rising demand in both urban and rural markets, with urban areas witnessing faster growth, particularly in scooters. Policy measures such as GST 2.0, income tax relief, and repo rate cuts have made vehicle purchases easier and boosted consumer spending. Additionally, the festive season in cities further accelerated sales.
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