India October 2026 Two-Wheeler Sales Drop as Electric Segment Sets Record
BikeAdvice reported that retail sales of electric two-wheelers in India reached a new high of 2. 24 lakh units in October 2026, up 48. 5% year-on-year, with TVS Motor Company leading the market. Earlier, BikeAdvice said overall two-wheelers retail sales fell 28. 35% year-on-year to just over 23 lakh units in the same month, although month-on-month figures showed improvement. RushLane noted that TVS Motor posted total sales of 700,134 units in October 2026, a 28. 81% increase from the previous year, driven by strong demand for electric two-wheelers and exports.
The broader market had expanded in the first half of FY2027, with RushLane reporting a 29. 4% rise in scooter sales to 48. 65 million units and electric scooters accounting for one-fifth of the market, and a 17. 6% rise in domestic two-wheelers and a 31. 9% jump in exports, bringing total factory dispatch to 1. 52 crore units.
