TVS Motor Overtakes Yamaha, Becomes World's 3rd Largest Two-Wheeler Maker

• TVS Motor Company surpassed Japanese giant Yamaha Motor, securing the third position in global two-wheeler production.
• Honda ranks first, Hero MotoCorp second, and TVS third, marking two Indian companies in the top three globally.
• TVS sold 5.46 million units in 2025 (20.7% growth), while Yamaha sold around 5 million units (0.8% growth).
• Success driven by India's premiumization wave, strong exports, and leadership in the EV two-wheeler market.
• Yamaha's focus on developed markets and niche segments, along with production bottlenecks, limited its growth.