TVS Motor Company recorded its highest-ever monthly sales in July 2026, dispatching 6,29,675 units across two-wheelers and three-wheelers, domestic and export combined. That’s up 38% year-on-year from 4,56,350 units in July 2025, and up 6.72% month-on-month over June 2026, according to the company’s exchange filing. This is a wholesale dispatch figure, what TVS shipped out, not a retail registration number, and July was genuinely a records month across nearly every segment the company reports: total sales, exports, EV dispatches.
TVS’s total volume of 6,29,675 units puts it ahead of both Hero MotoCorp (5,33,416 units) and Honda Motorcycle & Scooter India (5,42,934 units) for July, making it India’s largest two-wheeler-and-three-wheeler manufacturer by total dispatch volume for the month. Even stripping out three-wheelers, TVS’s two-wheeler-only total of 6,03,138 units still exceeds both rivals.
Wholesale: Two-Wheelers Do the Heavy Lifting, Scooters Lead the Growth
TVS’s two-wheeler sales came in at 6,03,138 units in July, up 38% YoY from 4,38,790 units. Within that, domestic two-wheeler sales rose a sharper 42% YoY to 4,37,394 units from 3,08,720 units, while two-wheeler exports grew 27% YoY to 1,65,744 units from 1,30,070 units.
Scooters grew faster than motorcycles within the domestic mix: scooter sales rose 52.78% YoY to 2,47,950 units from 1,62,291 units, while motorcycle sales grew a still-healthy 41.49% YoY to 2,67,096 units from 1,88,774 units. It’s worth flagging, though, that despite this domestic strength, TVS remains the third-largest two-wheeler brand in the pure domestic market, behind Hero (5,01,403 domestic units) and Honda (4,76,436 domestic units) for the same month. TVS’s overall lead comes from the combination of domestic volume, export strength, and three-wheelers together, not from domestic two-wheeler sales alone.
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Electric Two-Wheelers: A Genuine Standout, With a Wholesale-Retail Gap Worth Noting
TVS’s electric two-wheeler dispatches surged 158% YoY to 60,934 units in July, up from 23,605 units in July 2025, its highest-ever monthly EV wholesale figure. Separately, VAHAN retail registration data puts TVS’s actual EV retail registrations at 55,480 units for the month, itself a record, breaking the company’s previous high of 51,781 units set in March 2026.
The two figures aren’t in conflict, they’re measuring different things (Section 5.3 of TechyTrends.in’s own terminology standard applies directly here): 60,934 is what TVS shipped to dealers, 55,480 is what customers actually registered. The roughly 5,500-unit gap between the two is normal in a fast-growing segment and doesn’t by itself indicate inventory stress, but it’s a gap worth watching if it widens in the following months. On market share, TVS holds the top position in India’s electric two-wheeler space with a 27% share as of July, ahead of Bajaj Auto’s 45,592 EV registrations and Ather Energy’s 30,324 units for the same month.
The Numbers at a Glance
| Metric | July 2026 | July 2025 | YoY Change |
|---|---|---|---|
| Total sales (2W + 3W) | 6,29,675 | 4,56,350 | +38.0% |
| Total two-wheelers | 6,03,138 | 4,38,790 | +37.5% |
| Domestic two-wheelers | 4,37,394 | 3,08,720 | +41.7% |
| Two-wheeler exports | 1,65,744 | 1,30,070 | +27.4% |
| Motorcycles | 2,67,096 | 1,88,774 | +41.5% |
| Scooters | 2,47,950 | 1,62,291 | +52.8% |
| EV two-wheelers (wholesale) | 60,934 | 23,605 | +158.0% |
| EV two-wheelers (VAHAN retail) | 55,480 | — | Record high |
| Total international business | 1,84,264 | 1,42,629 | +29.2% |
| Company | July 2026 Total Sales (Wholesale) | Domestic 2W Sales |
|---|---|---|
| TVS Motor | 6,29,675 (6,03,138 2W only) | 4,37,394 |
| Honda Motorcycle & Scooter India | 5,42,934 | 4,76,436 |
| Hero MotoCorp | 5,33,416 | 5,01,403 |
FAQ
How many units did TVS Motor sell in July 2026?
TVS Motor sold 6,29,675 units in July 2026, its highest-ever monthly sales figure, up 38% year-on-year from 4,56,350 units in July 2025.
Did TVS Motor overtake Hero MotoCorp and Honda in July 2026?
By total dispatch volume, yes. TVS’s 6,29,675 units (or 6,03,138 on a two-wheeler-only basis) exceeded both Hero MotoCorp’s 5,33,416 units and Honda Motorcycle & Scooter India’s 5,42,934 units for the month, though TVS remained third in pure domestic two-wheeler sales behind both rivals.
How many electric two-wheelers did TVS Motor sell in July 2026?
TVS dispatched 60,934 electric two-wheelers in July 2026, up 158% year-on-year, while VAHAN retail registration data recorded 55,480 units, itself a monthly record for the company.
