India’s two-wheeler market has hit a historic milestone, with retail sales crossing the 20 million (2 crore) mark in FY26, according to a report of Business Standard, citing VAHAN data. This is the first time the segment has achieved such scale, signalling a strong revival in mass mobility demand and reaffirming the sector’s importance in India’s consumption story.
One of the key factors driving the surge in 2-wheelers is the reduction in GST on internal combustion engine (ICE) from 28 per cent to 18 per cent. The tax cut significantly lowered ownership costs, making petrol-powered scooters and motorcycles more accessible to a wider consumer base.
ICE vehicles kept their dominance despite the constant push for electric mobility, with the GST cut making petrol vehicles more competitive.
The improvement in rural demand and broader economic recovery also supported the surge in 2-wheeler sales.
TVS Motor Company has kept stronghold in India’s motorcycle market, increasing its share from about 15.15 per cent in December 2021 to 19.46 per cent in February 2026, according to a snapshot posted on LinkedIn by CapMint.
The growth has been supported by popular models such as the Radeon and Raider motorcycles.
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