Record scooter and bike sales power TVS to best-ever 4.24 million units in FY2026

TVS Motor Co has raced into FY2027 on a really powerful note. The Chennai-based manufacturer of scooters, motorcycles and mopeds sold a record 42,43,524 or 4.24 million two-wheelers in FY2026, up 21% (FY2025: 3.51 million units). This total comprises 2.30 million scooters (up 18% YoY), 1.41 million motorcycles (up 7% YoY) and 523,240 mopeds (up 4% YoY).

With this stellar performance and sales of an additional 724,299 two-wheelers YoY, FY2026 is now the new fiscal-year benchmark for TVS, beating the previous best of 3.51 million units in FY2025. Similar to FY2025, the strong 27% growth in scooters has powered overall numbers (see 11-year wholesales data table below).

In FY2026, TVS hit a new high in scooters (2.30 million) and bikes (1.41 million) which drove its highest-ever 2W sales of 4.24 million units. Moped sales were highest in FY2017 (890,367 units).

While combined sales of the petrol-engined Jupiter, NTorq 125 and Zest at 19,35,200 units rose 26%, TVS also dispatched 273,063 units of the iQube and Orbiter electric scooters, up 44% YoY.

SCOOTERS: 23,02,701 units, up 27%
Best-ever fiscal – FY2026
TVS Motor Co, which has the Jupiter, NTorq and Zest in its ICE scooter stable and the iQube and Orbiter as EVs, sold a record 2.30 million scooters, up 27% YoY (FY2025: 1.81 million units). Year-on-year, TVS sold an additional 489,958 units which has helped increase its scooter share to 28% from the 26% it had in FY2025.

While the three petrol-engined scooters have together sold 19,35,200 units, up 26% YoY, the two TVS electric scooters (367,501 units) have clocked 35% YoY growth (FY2025: 273,063 iQubes). This gives TVS an e-2W penetration level of 16%, improving on the 15% of FY2025.

On the e-2W retail sales front, TVS Motor (341,471 units, up 44% YoY) was instrumental in enabling the overall e-2W segment achieve record customer deliveries of 1.4 million units in FY2026. With a 24% e-2W retail market share in FY2026, TVS is the new market leader, having unseated Ola Electric which led for three straight fiscals from FY2023 to FY2025.

With highest-ever sales of 571,376 units, the Apache series posted 28% growth to be the best-selling motorcycle brand for TVS, ahead of the Raider 125 (426,877 units) whose best fiscal was FY2024.

MOTORCYCLES: 14,17,583 units, up 18%
Best-ever fiscal – FY2026

Like the TVS scooters, the company’s motorcycle portfolio also achieved its highest-ever sales in a fiscal in FY2026. The 1.41 million units are an 18% YoY increase (FY2025: 1.20 million units, down 2% YoY), which translates into an additional 213,274 units YoY. FY2026’s 14,17,583 motorcycles beat the previous best of FY2024 (12,23,838 bikes).

In the entry-level 110cc segment, combined sales of the three TVS bikes (Radeon, Sport, Star City Plus) at 329,094 units were up 3% YoY. In the 125cc Bike category, the Raider 125 saw sales of 426,877 units, up 7% YoY, and had a 12% share of this segment’s total sales of 3.61 million units. The Raider’s best-ever sales were in FY2024 (478,443 units).

The boost for TVS bike sales have come from its Apache series in the 150-200cc segment wherein it continues to lead the market. The TVS Apache brand comprises four models of the Apache RTR Series – RTR 160, RTR 160 4V, RTR 180 and RTR 200. With total wholesales of 571,376 units and robust 28% YoY growth (FY2025: 446,218 units), the Apache, which is also available in the higher RTR 310 and RR 310 avatars along with the RTX 300 adventure bike, had a segment-leading 38% share in FY2026.

Another sales accelerator came in the form of the premium 225cc Ronin – sales jumped 137% YoY to 80,518 units (FY2025: 33,977 units). Demand for the 310 series bikes also soared by 128% YoY to 9,718 units from 4,262 units in FY2025.

In FY2026, sales of the TVS XL100 once again crossed the half-a-million mark at 523,240 units – 21,427 units more than in FY2025. Moped sales saw their zenith in FY2017 (890,518 units).

MOPEDS: 523,240 units, up 30%

Best-ever fiscal – FY2017: 890,367 units
TVS continues to witness a good contribution to its overall two-wheeler sales from the humble moped – the product at the lowest end of the two-wheeler pyramid. In FY2026, sales of the TVS XL100 crossed the half-a-million mark at 523,240 units – 21,427 units more than in FY2025 (501,813 units).

Moped sales in India and for TVS had hit their highest level in FY2017 (890,518 units, up 23% YoY) and in FY2019 (880,234 units, up 2%). However, with consumers shifting to gearless scooters (like the TVS Jupiter launched in FY2014 and the company’s first 125cc scooter (NTorq) in FY2018 as also a clutch of rider-friendly bikes, the decline in moped sales had begun.

What keeps the moped mantra ticking for TVS is the small two-wheeler’s affordability quotient, good mileage, and high level of reliability as a carrier of household goods, dairy and agricultural produce for small traders, particularly in rural India. Most of the moped demand is understood to generate from South India, Gujarat and regions of Madhya Pradesh.

FY2027 should see TVS Motor Co, which overtook Yamaha Motor Corp in global 2W sales in CY2025 to become the world’s No. 3 manufacturer after Honda and Hero MotoCorp, further up the ante. The past three years have seen the Chennai-based company substantially increase both its domestic and export market share. While its domestic 2W share has risen to 20% from 16% in FY2023, TVS is the second-ranked 2W exporter after Bajaj Auto with market share of 28% versus 25% in FY2023.

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