TVS Motor Overtakes Hero and Honda to Become India's Largest Two-Wheeler Manufacturer in June 2026

TVS Motor Company has achieved a historic milestone by becoming India's largest two-wheeler manufacturer in June 2026 based on total wholesale sales.

Record Sales, Strong Export Momentum and EV Leadership Propel TVS to the Top of the Indian Two-Wheeler Industry

TVS Motor Company has achieved a historic milestone by becoming India's largest two-wheeler manufacturer in June 2026 based on total wholesale sales, surpassing long-time industry leaders Hero MotoCorp and Honda Motorcycle & Scooter India. The achievement reflects the company's consistent execution across domestic and international markets, rapid growth in the electric vehicle segment, and a diversified product portfolio that continues to gain market share.

According to company-reported wholesale dispatch data, TVS Motor sold 565,417 two-wheelers during June 2026, including domestic and export volumes. In comparison, Hero MotoCorp reported sales of 541,000 units, while Honda Motorcycle & Scooter India recorded 528,000 units. The figures mark the first time that TVS has clearly emerged as the country's largest two-wheeler manufacturer during a regular business month, rather than a seasonally weak period.

Industry observers note that although TVS briefly topped the sales charts in December 2025, that month is traditionally affected by post-festive inventory corrections. June's performance, however, demonstrates the company's sustained operational strength and growing competitiveness against the industry's established leaders.

Domestic Business Continues to Deliver Strong Growth

TVS Motor's domestic business remained one of the key contributors to its record-breaking performance. The company sold 411,014 two-wheelers in the Indian market during June 2026, representing a robust 46% year-on-year growth compared to 281,012 units sold in June 2025.

The strong domestic demand was driven by healthy consumer sentiment, improved rural buying, expanding dealership networks, attractive financing options, and growing demand for premium motorcycles and scooters. The company's diversified portfolio across commuter, premium, and electric segments enabled it to capture growth across multiple customer categories.

Export Performance Becomes the Biggest Differentiator

One of the most significant reasons behind TVS Motor's leadership was its outstanding export performance.

The company exported 1.54 lakh units during June, making its international business nearly 2.9 times larger than the combined export volumes of Hero MotoCorp and Honda Motorcycle & Scooter India. This highlights TVS Motor's growing presence in international markets and its ability to reduce dependence on domestic demand.

The company has steadily expanded its footprint across Africa, Latin America, ASEAN nations, and West Asia, where demand for affordable, fuel-efficient, and durable motorcycles continues to rise. Its strong distribution network and localized product offerings have helped establish TVS as one of India's fastest-growing automotive exporters.

As global demand for two-wheelers improves, exports are expected to remain a major growth engine for the company over the coming years.

Motorcycle and Scooter Segments Register Impressive Growth

TVS Motor delivered broad-based growth across its entire product portfolio.

Motorcycle sales increased by 42% year-on-year, reaching 267,096 units, compared with 188,774 units in June last year. Demand remained healthy for commuter motorcycles as well as premium offerings under the Apache series.

The scooter business performed even better, with sales jumping 53% to 247,950 units, up from 162,291 units a year ago. Continued popularity of the Jupiter and Ntorq brands, along with rising urban demand, supported this strong growth.

The balanced contribution from motorcycles and scooters reflects the company's ability to maintain momentum across multiple market segments instead of relying on a single product category.

TVS Strengthens Leadership in Electric Mobility

TVS Motor has also emerged as one of India's strongest players in the electric two-wheeler market.

Its flagship electric scooter, the TVS iQube, continues to witness robust demand across major cities. In June, the company celebrated the rollout of the 10 lakhth iQube from its Hosur manufacturing facility in Tamil Nadu, nearly six years after the model was first introduced in January 2020.

The milestone demonstrates the rapid acceptance of the iQube among Indian consumers and reflects TVS Motor's growing capabilities in electric mobility. The company has also crossed one million cumulative electric vehicle sales, reinforcing its position among India's leading EV manufacturers.

With the government continuing to promote electric mobility through supportive policies and charging infrastructure development, TVS is expected to remain one of the key beneficiaries of the country's EV transition.

Consistent Execution Across FY26

TVS Motor's June performance is not an isolated achievement but the result of a consistent growth trajectory throughout FY26.

The company has recorded the fastest volume growth among major two-wheeler manufacturers over the past several quarters, steadily narrowing the gap with Hero MotoCorp and Honda. Its ability to expand exports, introduce new products, improve manufacturing efficiency, and strengthen dealer networks has translated into sustained market share gains.

The company reported an impressive 47% year-on-year increase in overall sales during June, significantly outperforming the industry's average growth rate.

Industry Landscape Becoming More Competitive

The Indian two-wheeler market has entered a new phase of competition, with manufacturers increasingly focusing on exports, premium products, and electric mobility rather than relying solely on domestic commuter motorcycle sales.

TVS Motor's rise to the top signals a shift in industry dynamics. While Hero MotoCorp continues to dominate the commuter motorcycle segment and Honda remains a strong player in scooters, TVS has successfully built a balanced business model that combines domestic growth, international expansion, premium motorcycles, scooters, and electric vehicles.

Analysts believe this diversified strategy provides greater resilience against fluctuations in individual market segments.

Outlook

TVS Motor's emergence as India's largest two-wheeler manufacturer marks a significant milestone in the company's growth journey. Strong execution across domestic and international markets, continued investment in electric mobility, expanding exports, and a diversified product portfolio have positioned the company ahead of its traditional rivals.

Looking ahead, maintaining this leadership will depend on sustaining export momentum, expanding EV offerings, launching new premium products, and navigating an increasingly competitive market. If current trends continue, TVS Motor appears well-positioned to strengthen its leadership not only in India but also across key global two-wheeler markets.

Key Highlights

TVS Motor sold 565,417 units globally in June 2026.
Surpassed Hero MotoCorp (541,000 units) and Honda Motorcycle & Scooter India (528,000 units).
Domestic sales increased 46% YoY to 411,014 units.
Exports reached 1.54 lakh units, nearly 2.9x the combined exports of Hero and Honda.
Motorcycle sales grew 42%, while scooter sales surged 53%.
TVS recently crossed 10 lakh TVS iQube production and one million cumulative EV sales.
The company recorded 47% overall sales growth, the highest among major Indian two-wheeler manufacturers during the month.