Scooter sales jump 29% to 4.86 million units in H1 FY2027, EV share grows to 20%

The high-performing scooter industry has clocked two new milestones in the closing month of first-half FY2027. While the 995,576 units sold in September 2026 were the highest monthly wholesales yet for this two-wheeler category, cumulative six-month sales (April-September 2026) at 48,65,192 units or 4.86 million scooters sets a new high for the first-half of a fiscal year.

This constitutes an additional 1.08 million units (10,82,539). Do the math and the record sales work out to 26,585 scooters sold in India on each of the 183 days in H1 FY2027!

FY2027 opened with best-ever April sales of 691,993 units in April 2026, grew 27% YoY in May (739,669 units), improved month-on-month in June (744,823 units, up 39% YoY), crossed the 700,000 monthly milestone for the first time in July, then achieved a new monthly high in August (855,715 units, up 24% YoY).

August also saw scooter market leader Honda Motorcycle & Scooter India, which was outsold by TVS Motor Co for the first time in July 2026, regain the lead it temporarily lost. Now, September (995,576 units), which missed the million-wholesales milestone by just 4,424 units, has set the new benchmark for this two-wheeler category.

Scooter Sales on Track to Cross 10 Million Units in FY2027

A deep dive into the H1 fiscal year wholesales reveals that the scooter industry’s sales have doubled over 12 years. From H1 FY2016 when total sales were 2.4 million units, scooter OEM factory dispatches have risen by 103 percent. Given the current nearly 30% growth rate and the 5 million units sold in FY2016, scooter makers in India are on track to achieve the 10 million milestone for the first time in FY2027. Halfway into the current fiscal, they have already achieved 60% of FY2026’s record 8.11 million units.

Having already achieved 60% of FY2026’s 8.11 million units with robust 29% YoY growth in first-half FY2027, scooter makers are on track to achieve the 10 million milestone for the first time this fiscal. 

Electric Scooter Market Share Rises to 20% With 978,017 Units in H1 FY2027

What continues to accelerate scooter sales is the leading OEMs rolling out refreshed as well as new models, steady rural and semi-urban demand and the sustained surge of customer demand for electric scooters, which are the driving force for the rapid advance of the 3-2W industry.

Like the overall scooter industry (ICE + EV), electric scooters also registered a new high for H1 dispatches – 978,017 units, up 103% YoY (April-September 2025: 481,199 units). As a result of this doubling of sales, the e-scooter share in total scooter wholesales has risen to 20% from 13% in H1 FY2026.

While electric scooter market leader TVS crossed 300,000 sales, Bajaj Auto surpassed 250,000 units for the first time in a fiscal H1. Together, they command 58% of the record 978,017 EVs in first-half FY2027.

E-Scooter Sales by Company: TVS, Bajaj Auto, Ather, Hero

A quick look at the 10 e-scooter OEMs’ performance (see data table above) shows that market leader TVS Motor Co continues to push the e-2W sales envelope. The iQube and Orbiter manufacturer has dispatched 305,72 units for 107% YoY growth and has a 31% share of the record 978,017 e-scooters sold in April-September 2026.

Bajaj Auto, with 260,982 Chetaks and Yulus, saw its sales jump 116% YoY which helped grow its e-scooter market share to 27% from 25% a year ago. As compared to TVS and Bajaj Auto, third-ranked Ather Energy (171,611 units) posted slower 56% YoY growth and saw its share dip to 18% from 23% in an expanded market.

Hero MotoCorp has had a resounding H1 – the 133,964 Vida e-scooters translate into a 118% YoY increase and see its share at 14 percent. Meanwhile, Greaves Electric Mobility, which retails the Ampere brand, sold 62,733 units, up 116% YoY, for a 7% market share. River Mobility dispatched 30,232 units of its premium Indie e-scooter which rivals the top-end variants of the TVS iQube, Bajaj Chetak, and Ather Rizta.  

The three Japanese OEMs – Honda, Suzuki and Yamaha – together sold 12,523 units in H1 FY2027.  This gives them a 1% share of the e-scooter sales in H1 FY2027. Sales were led by Honda (7,010 units, up 176%), followed by Suzuki (3,897 units) and Yamaha (1,616 units).

Honda vs TVS: Scooter Sales by Company in H1 FY2027

An analysis of the 11 ICE and electric scooter makers sales in April-September 2026 shows that while the top 4 – Honda, TVS, Suzuki and Hero – retain their ranks, Bajaj Auto has grabbed No. 5 spot from Yamaha. Ather Energy remains glued to No. 7 rank on SIAM’s overall scooter industry wholesales table as does Greaves Electric Mobility at No. 8. E-scooter startup River Mobility has raced past Piaggio to take No. 9 position.

Honda Motorcycle & Scooter India with 1.65 million units, up 15% and an additional 215,847 units dispatched YoY, remains way ahead of the pack albeit its market share has reduced to 34% from 38% a year ago (see data table above).

However, second-ranked TVS Motor Co (1.43 million units, up 32% YoY) steals the show in H1 FY2027 with an additional 349,404 scooters dispatched to its dealers. Of this, the iQube and Orbiter EVs (305,972 units) account for an additional 158,199 units or 45% which indicates the critical role e-scooters are playing out for TVS in the scooter market. TVS’ market share remains unchanged at 29 percent.

Suzuki (622,722 units) registered 11% growth and sees its share reduce to 13% from 15% a year ago. Hero MotoCorp (409,319 units) posted 70% YoY growth and, like TVS, benefited from strong demand for its Vida e-scooters. Hero’s market share has risen by two percentage basis points to 8.41% from 6.41% a year ago.

Fifth-ranked Bajaj Auto (260,982 units, up 116% YoY) has a 5% share of the overall scooter market and India Yamaha Motor (202,131 units, up 33%) an unchanged 4% share. Ather Energy, which recently launched its Konarc e-scooter, clocked H1 sales of 171,611 units, up 56%, for a 4% share versus 3% a year ago.

Greaves Electric Mobility, at No. 8, dispatched 62,733 Magnus and Nexus scooters and River Mobility clocked 30,232 units. Piaggio Vehicles, which retails the Aprilia and Vespa brand of scooters, sold 20,370 units for 39% growth.

Though Honda maintains its dominance with 1.65 million Activa and Dio models, TVS dispatched 1.43 million units including 305,972 e-scooters. Honda and TVS commanded 63% of the sales in H1 FY2027.

Scooter Sales Outlook for the Festive Season and Rest of FY2027

With the festive season underway and showrooms well stocked with popular models, the scooter industry will to looking to capitalise on the strong momentum it has achieved in the first half of the current fiscal year. Apex dealer body FADA has stated that the two-wheeler industry will be banking on “stronger booking-to-retail conversion on auspicious days, supported by rural cashflows, easier finance and rising EV interest.”

Will Q3 (October-December 2026) and Q4 (January-March 2027) prove even better than the first two quarters for the scooter sector? That remains to be seen but with the current near-30% growth rate, one can expect scooter makers to surpass the 10 million wholesales milestone for the first time in FY2027.

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