Two-Wheeler Sales H2 FY 2024-25: Hero MotoCorp Leads, 1,06,81,213 Units, Up 6.4% YoY

India's two-wheeler market registered 1,06,81,213 two-wheelers in H2 FY 2024-25. Volumes improved 6.4% against the 1,00,38,824 logged over the same 6 months of H2 FY 2023-24.

November was the strongest month of the period at 27,14,230 two-wheelers and December the quietest at 12,57,630, an average of 17,80,202 a month. 3 of those 6 months grew on the same month a year earlier.

November catches the tail of Diwali deliveries; whether it looks strong or weak depends largely on the festive calendar.

H2 FY 2024-25 ran from October 2024 to March 2025 and is closed. Every month in the table below is final, and every comparison on this page is against the matching month of H2 FY 2023-24.

Two-wheelers accounted for 72.1% of everything registered in India over the period, up from 72.0% in H2 FY 2023-24. The whole market ran to 1,48,06,134 vehicles over the same window, up 6.2% year on year.

Hero MotoCorp led the period with 31,10,790 registrations, up 3.1% on H2 FY 2023-24. Honda 2W (HMSI) follows on 27,20,469, 3,90,321 behind — a gap of 1.14x.

The fastest riser in the top 8 was Royal Enfield, up 16.2% to 4,96,082, while Ola Electric was down 31.5% at 1,46,626.

Volumes here are registrations inside the segment only, counted with Vahan's own vehicle-class filter, so each is the manufacturer's two-wheeler volume over H2 FY 2024-25. Companies that file electric models under a maker of their own appear as separate rows.

Set against the rest of the market, two-wheelers outgrew the national picture over H2 FY 2024-25: +6.4% against +6.2% for every vehicle registered in India.

இந்த அட்டவணை Vahan அறிக்கை அளிக்கும் ஒவ்வொரு பிரிவையும் ஒரே 6 மாதக் காலத்தில் உள்ளடக்குகிறது; அதனால் ஒப்பீடு நேருக்கு நேர் — இரு பக்கமும் ஒரே மாதங்கள், ஒரே மூலம்.

Vahan splits a segment by fuel only across a whole calendar year, so this table covers full-year 2025 rather than H2 FY 2024-25 alone — it is exact for that window.

Petrol accounts for 93.4% of two-wheeler registrations over full-year 2025, with battery-electric at 6.4%.

Across the 2 completed windows in our Vahan record, two-wheeler registrations went from 1,06,81,213 in H2 FY 2024-25 to 1,29,94,936 in H2 FY 2025-26, up 21.7% over the stretch.

H2 FY 2026-27 is still running — 1 of its 6 months are counted — so it is a part window and is never set against a full one. Its year-on-year figure compares only the months it actually holds.