The results are in for April 2026, and it has been a whirlwind month for India’s biggest names in biking. From record-breaking electric journeys to massive export spikes, the industry is shaking off supply chain wobbles and powering into the new financial year with some serious momentum.
Here is the lowdown on how the heavy hitters performed.
Hero MotoCorp: A Massive Start to FY27
The world’s largest manufacturer didn’t just start the year; they kicked the door down. Hero MotoCorp reported a staggering 566,086 dispatches this April, more than doubling their April 2025 figure of 305,406 units.
- ICE Segment: Recorded its highest post-pandemic April, with volumes up 83%.
- VIDA (EV): The electric wing saw 129% year-on-year growth. One fan even set an Asia Book of Records milestone by riding a VIDA VX2 for 10,500 km across KKR host cities.
- Global Reach: Exports doubled to 33,653 units, supported by a new partnership in Ecuador.
Bajaj Auto: The Export Kings
Bajaj Auto Limited had a stellar month, particularly on the international stage. Their total sales (2-wheelers and CVs) hit 513,792 units, a 40% jump from the previous year.
- Export Explosion: 2-wheeler exports skyrocketed by 78%, reaching 229,890 units.
- Commercial Vehicles: CV exports were even more impressive, up 125% to 35,692 units.
- Domestic Growth: Home-grown sales stayed steady with an 11% rise in 2-wheelers.
Royal Enfield: Electric Dreams and Global Strength
Royal Enfield posted 113,164 sales, marking 31% growth. While domestic sales surged by 37% (1,04,129 units), exports dipped slightly by 14%.
- Flying Flea: April marked their first step into EVs with the Flying Flea C6, priced at ₹2.79 lakh (or ₹1.99 lakh under Battery-as-a-Service).
- Brand Power: Recognised as the world’s 3rd strongest auto brand by Brand Finance.
- Himalayan 450: Now the #1 best-selling adventure bike in its class in India and Brazil, with global sales topping 38,000 units.
TVS Motor Company: Navigating Supply Hurdles
TVS saw a respectable 7% overall growth with 473,970 units sold. While demand is “robust,” supply chain issues—like container shortages and raw material gaps—held back even higher dispatch numbers.
- Scooter Success: Scooter sales jumped 24% to 211,158 units.
- EV Growth: Electric vehicle sales rose 36% to 37,771 units.
- Three-Wheelers: This segment was a standout, growing 37% to 18,637 units.
Ather Energy: Record-Breaking Revenues
Ather Energy is celebrating its strongest performance to date. For FY26, they hit a record 262,942 units, up 69%, and closed Q4 with 83,418 units.
- Financial Wins: Total income for FY26 reached ₹3,823 crore, up 66%.
- Network Expansion: Ather doubled its retail footprint to 700 Experience Centres and offers over 6,000 charging points.
- Profitability: EBITDA margins improved by roughly 2,080 bps in Q4, showing they are getting much closer to the black.
Ola Electric: Defying the Trend
While the broader EV industry saw a 22% month-on-month dip, Ola Electric actually grew. Registrations hit 12,166 units in April, a 20% MoM increase.
- Roadster Range: The Roadster X is gaining ground in major markets like UP and Bihar.
- Battery Tech: Their 4680 Bharat Cell is now live, with the Roadster X+ 9.1 kWh offering a massive 500 km IDC range.
April 2026 Sales at a Glance
| Company | April ’26 Total Units | Growth (YoY) | Key Highlight |
| Hero MotoCorp | 566,086 | ~85% | VIDA EV sales up 129% |
| TVS Motor | 473,970 | 7% | Scooter sales grew 24% |
| Bajaj Auto | 513,792 | 40% | 2W Exports up 78% |
| Royal Enfield | 113,164 | 31% | Flying Flea EV launch |
| Ather Energy | 83,418 (Q4) | 76% | Highest ever quarterly volume |
| Ola Electric | 12,166 | 20% (MoM) | Only leading EV brand to grow MoM |
With new EV platforms and recovering supply chains, the Indian two-wheeler market is looking incredibly resilient as we head into May.
