As accurately predicted in Autocar Professional’s Royal Enfield sales analysis on January 22, 2026, the Chennai-based manufacturer of midsize motorcycles has surpassed the million-units domestic market sales in the domestic market for the first time in a fiscal. Between April 2025 and February 2026, Royal Enfield has registered wholesales of 10,06,937 units, up 24% YoY (April 2024-February 2025: 814,707 units). This is as per data released by apex industry body, SIAM.

Royal Enfield had clocked a million sales in FY2025 (10,09,899 units) but with a difference – they were combined domestic (902,757 units) and export (107,142 units) sales. With March 2026 numbers still to be factored in, expect the midsize motorcycle market leader to wrap up FY2026 with estimated record India-market dispatches of 1.10 million units and exports of 125,000 units. This stellar performance comes on the back of a similar performance in calendar year 2025 when Royal Enfield sold a record 10,71,809 units with 25% YoY growth

Royal Enfield has, at present, 14 models in the domestic market – Bullet 350, Classic 350, Hunter 350, Meteor 350, Goan Classic 350, the 443cc-engine powered Scram 440, the 452cc Himalayan 450 and Guerilla 450, the 650cc twins (Interceptor 650, Continental GT 650), Classic 650, Bear 650, Super Meteor 650 and the Shotgun 650. 

These models are classified into five categories of Heritage (Classic 350, Bullet 350, Goan Classic 350 and Classic 650), Cruiser (Meteor 350 and Super Meteor 650), Adventure (Scram 440, Himalayan 450, Bear 650), Pure Sport (Continental GT 650) and Roadster (Hunter 350, Guerilla 450, Shotgun 650 and Interceptor 650). 

Royal Enfield, which clocked its highest monthly sales in October 2025 (116,844 units), looks set to wrap up FY2026 with record India sales of around 1.10 million units and exports of 130,000 units.

A deep dive into Royal Enfield’s wholesales data for the past 12 years (see table above) reveals that FY2026 is the second year in a row that the bikemaker has surpassed 900,000 sales in India. Annual sales had hit 800,000 for the first time in FY2018 (801,229 units) followed by 805,273 units in FY2019 but fell 18% to 656,651 units in FY2020. Sales were down for the next two fiscals as a result of the impact of the Covid pandemic.

FY2023 saw the company bounce back on the back of new models and a resurgence in the market for premium, high-powered motorcycles. Demand rose 41% in FY2023 (734,840 units) and hit the 800,000 mark again in FY2024 (834,795 units) and to 902,757 units in FY2025. FY2026, with March soon closing, has already seen Royal Enfield achieve a new high in domestic market sales.

The 11-month sales split for FY2026 shows that monthly dispatches surpassed 100,000 units for three straight months from August to October 2025, with Royal Enfield clocking its highest monthly wholesales in October (116,844 units).  The company, which was amongst the first in the Indian automobile industry to announce that it would pass full GST 2.0 rate reduction benefits to customers, slashed prices of its bread-and-butter category – 350cc – by up to Rs 22,000. And from November 2025 to February 2026, sales have crossed 90,000 units each month. March could improve upon this with over 100,000 units.

Heritage matters: Classic 350 remains Royal Enfield’s best-selling model and commands 40% of the 990,654 motorcycles the company sold in the 250-350cc category in the first 11 months of FY2026 

Royal Enfield Commands 94% Share of 350cc Segment, 97% of 500-650cc Market

Royal Enfield’s midsize motorcycle market power comes from its 350cc models. As per SIAM industry wholesales data for the April 2025-February 2026 period, of the bike maker’s sales of 10,06,937 units, 931,303 units – or a 92% share – belong to four models: the Classic 350, Bullet 350, Hunter 350 and Meteor 350.

This quartet gives RE a vice-like grip of the 250-350cc category. The company commands a 94% share of this category’s sales of 990,654 units (up 27% YoY) in the past 11 months of FY2026. While the Classic 350 tops with a 40% share, followed by the Bullet 350 (25% share). The Hunter 350 and Meteor 350 contribute the remaining 35% for the April 2025-February 2026 period. 

The other four OEMs in this midsize bike category account for the remaining 6% share. While second-ranked Honda with 49,825 units (up 28%) of the CB350, H’ness and CB300 F has a 5% share, TVS with 8,151 units (up 96% YoY) of the RR310 and BMW has a 1% share. India Kawasaki (1,210 units, up 43%) and India Yamaha (165 R3s, down 31%) are the two other OEMs in the 250-350cc category.

In the 350-500cc category, combined sales of the 452cc Guerilla 450 and Himalayan adventure bike at 32,994 units are down 7% YoY which gives Royal Enfield a 27% market share, below this category leader Bajaj Auto. The Pune-based rival (Pulsar NS400Z, 373cc Dominar, Husqvarna Svartpilen 401, KTM RC390, Triumph Speed T4, Speed 400 and Scrambler 400 X) is the leader in this category with a 60% share (58,626 units, up 23%). This category’s No. 3 OEM, Hero MotoCorp (Harley-Davidson X440 and Mavrick 440) has seen a 13% sales decline YoY to 12,173 units and a category share of 10 percent.

Like the 350cc segment, Royal Enfield is also the boss of the 500-800cc sub-segment. In the past 11 months, factory dispatches of 42,640 units (up 1% YoY) comprising the 650cc twins (Interceptor 650, Continental GT 650), Super Meteor 650, Bear 650 and the Shotgun 650 give the Chennai-based OEM a 97% market share of the total 44,156 bikes, leaving the remaining 1,516 units to the other five bikemakers. While Honda sold 609 bikes, Kawasaki sold 544 units, Triumph accounts for 282 units, Suzuki 75 units and Piaggio six). 

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