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Market Report · Automotive · 2025

Two-Wheeler Market: India Sales, Exports and Electric Two-Wheelers

India two-wheeler data from SIAM: 19.6M domestic sales and 4.2M exports in FY 2024-25, plus electric two-wheeler registrations from the Vahan database.

  • Updated October 1, 2026
  • 5 min read
  • 2 sources
  • India

Executive Summary

India sold 1,96,07,332 two-wheelers (19.6 million) in FY 2024-25, up 9.1%, according to SIAM. That is still below the FY 2019 peak of 21 million units. Two-wheeler exports rose 21.4% to about 4.2 million units. Electric two-wheeler registrations grew 21.2% to 11.5 lakh units, and EVs crossed 6% of two-wheeler sales.

Key Numbers

India domestic 2W sales
19.6M[1]
Two-wheelers sold in India in FY 2024-25 (1,96,07,332 units), up 9.1%
India 2W exports
4.2M[1]
Two-wheeler exports in FY 2024-25, up 21.4%
e-2W registrations
11.5 lakh[1]
Electric two-wheeler registrations in FY 2024-25, up 21.2% (Vahan)
EV share of 2W
>6%[1]
Electric share of India two-wheeler sales in FY 2024-25
Previous peak
21M[2]
Domestic two-wheeler sales peak reached in FY 2019

Charts

India two-wheeler exports

Two-wheeler exports by financial year, in lakh units (1 lakh = 100,000).

  • FY 2023-24
    34.58
  • FY 2024-25
    41.98
Unit: lakh units · FY 2023-24 to FY 2024-25Source: [2] Society of Indian Automobile Manufacturers (SIAM)
India domestic two-wheeler sales vs earlier peak

Domestic sales in FY 2019 (peak) and FY 2024-25.

  • FY 2019
    21M
  • FY 2024-25
    19.6M
Unit: million units · FY 2019, FY 2024-25Source: [2] Society of Indian Automobile Manufacturers (SIAM)

Overview

This report currently covers India, the largest two-wheeler market with official segment data in this library. Global two-wheeler and electric two-wheeler data from the IEA will be added when verified.

India's two-wheeler sales reached 1,96,07,332 units in FY 2024-25 (April 2024 - March 2025), up 9.1% [1]. Domestic sales remain below the earlier peak of 21 million units in FY 2019 [2]. Two-wheelers made up about 76.6% of India's four-segment domestic vehicle sales (FREEE.REPORT calculation from SIAM segment totals) [1].

Growth and Drivers

SIAM attributes the recovery to improved rural demand and a resurgence in consumer confidence [1]. Growth was led by scooters, helped by better rural and semi-urban connectivity and new models [1].

In March 2025 alone, two-wheeler sales were 16,56,939 units [1]. Sales in January - March 2025 were 45,67,762 units [1].

Exports

Two-wheeler exports rose from 34.58 lakh units in FY 2023-24 to 41.98 lakh units in FY 2024-25 [2]. SIAM puts the growth at 21.4% and credits new models, new markets, economic stability in Africa and demand in Latin America [1].

Electric Two-Wheelers

SIAM's analysis of the Vahan database shows electric two-wheeler registrations of 11.5 lakh units in FY 2024-25, up 21.2% [1]. Total EV registrations of all types were 1.97 million [1], so e-two-wheelers were about 58% of EV registrations (FREEE.REPORT calculation: 1.15 million / 1.97 million). The EV share of overall two-wheeler sales crossed 6% [1]. SIAM links adoption to the EMPS scheme (April - September 2024) and the PM E-DRIVE scheme [1].

Methodology

Sales, export growth and EV registration figures come from SIAM's FY 2024-25 press release [1]. Export volumes in lakh units and the FY 2019 peak come from the SIAM Annual Report 2024-25 [2]. One lakh equals 100,000. EV registrations come from the Vahan registration database and are not identical to manufacturer wholesale sales.

FREEE.REPORT calculations: e-2W share of EV registrations = 11.5 lakh / 19.7 lakh; two-wheeler share of domestic sales = 1,96,07,332 / 2,56,07,271 (sum of PV, CV, three-wheeler and two-wheeler sales).

Sources

  1. [1]

    Auto Industry Sales Performance of March 2025, Q4 (Jan-March 2025) and April 2024 - March 2025 / Society of Indian Automobile Manufacturers (SIAM) / 2025 / Accessed October 1, 2026 / View source

  2. [2]

    SIAM Annual Report 2024-25 / Society of Indian Automobile Manufacturers (SIAM) / 2025 / Accessed October 1, 2026 / View source

Figures are reproduced from the publishers above. Calculations marked as our own are derived from these figures. Always check the original source before using a number.