Archive · 28 Aug 2026
India’s Two-Wheeler Retail Growth Reaches Nearly 20% in August
People in India bought many more two-wheelers in August than they did a year earlier.
Sales increased by about 18–20%.
The Onam festival and a lower comparison with last year helped sales.
Interest from buyers also increased in both cities and rural areas.
More people wanted premium petrol vehicles and electric vehicles.
New vehicle launches helped increase interest in electric and CNG models.
Some popular electric vehicles had waiting periods of three to four months.
Passenger vehicles, commercial vehicles and tractors also performed well.
Dealers generally kept inventories at healthy levels and used selective discounts instead of broad price cuts.
Indian two-wheeler retail sales grew 18–20% year-on-year in August, supported by Onam and a low base.
Organic inquiries rose 10–12%, with healthy demand across urban and rural markets.
Premium internal-combustion-engine models and electric vehicles were the main two-wheeler growth drivers.
Passenger-vehicle retail increased 11–13%, while commercial vehicles and tractors also recorded firm demand.
EV waiting periods reached three to four months, while discounts remained selective and largely inventory-led.
- Who
- Indian vehicle buyers, dealers, original equipment manufacturers and channel partners, according to Yes Securities.
- What
- Two-wheeler retail sales grew 18–20% year-on-year in August, with growth also reported in passenger vehicles, commercial vehicles and tractors.
- When
- August; the reports were cited on Thursday, but no exact date was provided.
- Where
- India, including urban, rural, tier 1 and tier 2 markets; urban passenger-vehicle markets outperformed rural markets.
- Why
- Growth was supported by the Onam festival, a low base, new product launches, stronger inquiries and preparations for the festive season.
- Two-wheeler retail growth
- 18–20% year-on-year in August
- Organic inquiries
- Up 10–12%
- Passenger-vehicle retail growth
- 11–13% year-on-year
- CNG and EV inquiries and bookings
- Up more than 30%
- Dealer inventories
- Approximately 20–22 days
- EV waiting period
- Three to four months for high-demand brands
- ICE waiting period
- One to 1.5 months
- Discounts and prices
- Discounts remained flat month-on-month and selective, while major manufacturers implemented price increases, including a further 0.5–1.5% hike
