TL;DR
Indian two-wheeler exports saw strong growth in November 2025, led by Bajaj Auto, TVS Motor, HMSI, and Hero MotoCorp, while domestic sales showed varied performance across manufacturers.
In November 2025, the Indian two-wheeler sector witnessed a robust performance in exports, with major players like Bajaj Auto, TVS Motor, HMSI, and Hero MotoCorp reporting significant Year-on-Year growth rates of 26%, 34%, 47%, and 36%, respectively. This strong export momentum highlights the increasing global demand for Indian-manufactured two-wheelers.
Domestically, however, the trend remained mixed, with major players experiencing growth ranging from -8% to 7%. While Hero MotoCorp recorded the highest decline in its domestic sales, TVS and Suzuki Motorcycle showed positive growth. Despite the mixed domestic performance, the overall outlook for the two-wheeler and tractor segments in 2025 remains positive, driven by anticipated surges in rural demand and the upcoming marriage season.
