3 Two-Wheeler Stocks in Focus After Reporting Strong Q1 Sales Growth

Synopsis: India’s automobile sector is witnessing strong momentum, with leading manufacturers reporting robust growth across passenger vehicles, two-wheelers, commercial vehicles and electric mobility, supported by rising domestic demand and exports.

The Indian automobile industry continues to benefit from improving consumer demand, infrastructure spending, rural recovery and increasing adoption of electric vehicles. Growth has been broad-based across passenger vehicles, two-wheelers, commercial vehicles and exports, reflecting stronger market sentiment and expanding mobility needs. Recent monthly and quarterly sales updates from major manufacturers indicate that the sector is entering FY27 with healthy momentum 

TVS Motor Company

TVS Motor Company reported its highest-ever quarterly sales of 16.31 lakh units in Q1 FY27. Two-wheeler sales increased 27 percent  to 15.64 lakh units from 12.32 lakh units, while three-wheeler sales rose 48 percent  to 0.67 lakh units from 0.45 lakh units. International business grew 33 percent  to 4.68 lakh units from 3.52 lakh units.

In June 2026, the company recorded total sales of 590,003 units, up 47 percent  from 402,001 units. Two-wheeler sales increased 47 percent  to 565,417 units, with domestic two-wheeler sales rising 46 percent  to 411,014 units. 

Motorcycle sales grew 42 percent  to 267,096 units, scooter sales increased 53 percent  to 247,950 units, and electric two-wheeler sales surged to 48,537 units from 14,400 units. International business sales rose 47 percent  to 172,355 units, while international two-wheeler sales increased 48 percent  to 154,403 units. Three-wheeler sales also climbed 51 percent  to 24,586 units from 16,303 units.

Bajaj Auto

Bajaj Auto reported total sales of 14,38,251 units in the April–June quarter of FY27, registering a 29 percent  year-on-year increase from 11,11,237 units. The growth was led by its two-wheeler business, where sales rose 29 percent  to 12,22,552 units from 9,48,791 units, driven by 11 percent  growth in domestic sales to 5,86,547 units and a strong 52 percent  jump in exports to 6,36,005 units from 4,19,447 units.

Commercial vehicle sales also increased 33 percent  to 2,15,699 units from 1,62,446 units, with domestic sales rising 13 percent  to 1,19,531 units and exports surging 69 percent  to 96,168 units. Overall, domestic sales grew 11 percent  to 7,06,078 units, while exports climbed 54 percent  to 7,32,173 units, highlighting robust demand across both domestic and international markets.

Ola Electric

Ola Electric registered 43,719 vehicles in Q1 FY27, nearly doubling from 22,252 vehicles in Q4 FY26, according to VAHAN data. The company recorded 16,144 registrations in June 2026, its strongest monthly performance in recent quarters. The sequential improvement reflects stronger retail execution, improved product availability and sustained customer demand, strengthening Ola Electric’s position in India’s growing electric two-wheeler market. 

Conclusion

The latest sales updates suggest that India’s automobile industry is witnessing broad-based growth across traditional vehicles and electric mobility. Strong domestic demand, rising exports in several segments and increasing EV adoption are supporting the sector’s positive trajectory heading into FY27.

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