Strong Demand Fuels February Two-Wheeler Sales Surge; Hero Maintains Narrow Lead Over Honda

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Two-Wheeler Sales Soar in February, Hero Edges Out Honda

The two-wheeler segment recorded a handsome performance in February 2026.

M

Moneycontrol•02-03-2026, 22:04

Two-Wheeler Sales Soar in February, Hero Edges Out Honda

•Domestic two-wheeler wholesale sales saw strong year-on-year growth in February 2026, driven by sustained demand and GST rate rationalization.
•Hero MotoCorp maintained a narrow lead over Honda Motorcycle & Scooter India, with a difference of 3,778 units.
•Hero dispatched 5,16,968 units, a 44.69% increase, boosted by scooters and the 100-125cc motorcycle segment.
•Honda reported 5,13,190 units sold, marking a 33.67% growth across its product portfolio.
•TVS, Bajaj, Suzuki, and Royal Enfield also reported significant sales increases, with Royal Enfield planning a capacity expansion to 20,00,000 units.

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The India–US trade deal
underscores how geographic revenue exposure will shape stock-specific outcomes in the auto and auto ancillary space. Companies with higher US dependence stand to benefit more from tariff relief, while diversified players gain stability. However, $8.3 billion of India’s exports to the US still face Section 232 tariffs, including automobiles ($3.9 billion), steel ($2.5 billion), aluminium ($800 million), timber ($370 million), copper ($547 million) and trucks & ships ($146 million), which remain subject to national security provisions—keeping risks in play despite broader tariff cuts.

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