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TVS Leads December Two-Wheeler Sales on Combined Totals, Overtaking Hero and Honda

Lower GST rates helped revive demand, with 2025 domestic volumes topping 2 crore alongside record exports.

Overview

  • TVS posted 461,071 units in December 2025 on domestic plus export totals, edging Hero at 456,479 and Honda at 446,048 for the month.
  • Total two-wheeler sales across leading OEMs reached 1,899,891 units in December, up 36.25% year on year but down 17.26% from November.
  • FADA reported retail sales of 1,316,891 units in December, a 9.5% annual rise but 48.28% below November, with CY2025 retail at 20,295,650 units, up 7.24%.
  • Exports shaped the monthly rankings, led by Bajaj at 178,125 units and TVS at 130,709, as December exports totaled 434,752 units.
  • A key EV shift emerged in CY2025 as Ather retailed 200,797 two-wheelers to surpass Ola at 199,318 after a steep year-on-year decline for Ola.