India’s two-wheeler export numbers underscore how fast international demand is moving. In FY23, exports reached 4.07 million units, up 28% year over year, with Bajaj Auto shipping 2.34 million two-wheelers to 79 countries. The following sections map where that volume is landing, from Nigeria to Latin America, and how it aligns with shifting model demand.
Key Takeaways
- India's two-wheeler exports reached 4.07 million units in FY23, up 28% YoY
- In 2023, the global two-wheeler market was valued at USD 180.47 billion and is projected to reach USD 263.47 billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030
- In FY23, India's two-wheeler production reached 20.48 million units, up 18% YoY
- In FY23, India's domestic two-wheeler sales were 17.27 million units, with motorcycles at 80%
- Electric two-wheeler sales projected to reach 10 million units globally by 2030
Two wheeler sales continue to grow, driven by rising demand, affordability, and expanding urban mobility.
Related reading
01 · Category
Exports & International Trade28 stats
01
India's two-wheeler exports reached 4.07 million units in FY23, up 28% YoY
02
Bajaj Auto exported 2.34 million two-wheelers in FY23 to 79 countries
03
Hero MotoCorp exports grew 35% to 0.45 million units in FY23
04
TVS Motor exported 0.81 million two-wheelers in FY23, 28% growth
05
Royal Enfield exports hit 0.28 million units in FY23 to 60+ countries
06
Honda Motorcycle India exports 0.97 million units in FY23
07
Top export destination for Indian two-wheelers: Nigeria with 0.32 million units FY23
08
US imported 0.25 million two-wheelers from India in 2023
09
Latin America received 1.2 million Indian two-wheeler exports in FY23
10
Africa imported 1.5 million two-wheelers from India FY23
11
Colombia imported 0.18 million units from Hero in 2023
12
Bangladesh two-wheeler imports from India 0.22 million units FY23
13
Nepal imports 0.15 million Indian two-wheelers annually
14
UK two-wheeler imports from India grew 22% to 0.08 million units in 2023
15
Mexico imported 0.12 million Bajaj two-wheelers in 2023
16
Philippines imports from India 0.10 million units FY23
17
UAE received 0.09 million Indian two-wheelers in 2023
18
Argentina imports 0.11 million units from Bajaj FY23
19
Global two-wheeler trade value USD 25 billion in 2022
20
Yamaha exports from India 0.32 million units in FY23
21
Suzuki exports from India 0.18 million units FY23
22
Middle East exports from India 0.35 million two-wheelers FY23
23
Europe imports 0.15 million Indian two-wheelers annually
24
Sri Lanka imports 0.08 million units from India FY23
25
Kenya top African destination with 0.25 million imports FY23
26
Peru imports 0.09 million Bajaj units 2023
27
South Africa imports 0.12 million two-wheelers FY23
28
Exports contributed 19% to India's two-wheeler production in FY23
Interpretation
Exports & International Trade Interpretation
In FY23, India’s two-wheeler exports surged to 4.07 million units, a 28% YoY jump, underscoring how major brands like Bajaj Auto (2.34 million to 79 countries) and Hero MotoCorp (0.45 million, up 35%) are driving wider international reach.
02 · Category
Market Size & Growth30 stats
01
In 2023, the global two-wheeler market was valued at USD 180.47 billion and is projected to reach USD 263.47 billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030
02
India's two-wheeler market size stood at 17.27 million units in FY23, reflecting a 10% year-on-year growth from FY22
03
The Asia-Pacific region dominated the global two-wheeler market with a 62.5% share in 2023, driven by high demand in India and China
04
Electric two-wheeler segment is expected to grow at a CAGR of 11.2% from 2023 to 2030, reaching USD 65.6 billion globally
05
China's two-wheeler market volume reached 15.8 million units in 2022, accounting for 35% of global sales
06
The premium two-wheeler segment (above 150cc) in India grew by 18% in 2023 to 1.2 million units
07
Global two-wheeler production reached 58.2 million units in 2022, with a projected CAGR of 4.8% till 2028
08
Indonesia's two-wheeler market expanded to 5.4 million units in 2023, up 6% from previous year
09
The scooter segment held 42% of the global two-wheeler market share in 2023
10
India's two-wheeler industry contributed 80% of total automobile production in FY23
11
Global two-wheeler aftermarket size was USD 52.3 billion in 2023, expected to grow at 5.2% CAGR
12
Vietnam's two-wheeler sales hit 2.9 million units in 2023, with 7% growth
13
The mid-size motorcycle segment (125-250cc) is forecasted to grow at 6.1% CAGR globally till 2030
14
Thailand's two-wheeler market volume was 1.7 million units in 2023
15
Electric scooters accounted for 15% of two-wheeler sales in Europe in 2023
16
Global two-wheeler market revenue projected to hit EUR 140 billion by 2027
17
Brazil's two-wheeler production reached 1.3 million units in 2023, up 12%
18
The women's two-wheeler segment in India grew 25% YoY to 4.5 million units in FY23
19
Southeast Asia two-wheeler market expected to grow at 5.3% CAGR to 2030
20
US two-wheeler market size was USD 8.5 billion in 2023, CAGR 4.2% projected
21
Hero MotoCorp held 31% market share in India's two-wheeler segment in FY23
22
Global motorcycle market to reach 64 million units by 2028, CAGR 4.5%
23
Philippines two-wheeler sales 1.6 million units in 2023
24
Latin America two-wheeler market CAGR 6.8% from 2023-2030
25
Bajaj Auto's market share in India was 10.5% for two-wheelers in FY23
26
Africa two-wheeler market volume to grow 7.2% CAGR till 2030
27
TVS Motor's share reached 18% in Indian two-wheeler market FY23
28
Europe two-wheeler market valued at USD 15.2 billion in 2023
29
Middle East two-wheeler market to grow at 4.9% CAGR to 2030
30
Royal Enfield's premium bike sales grew 45% to 0.9 million units globally in FY23
Interpretation
Market Size & Growth Interpretation
The two-wheeler market is set to expand steadily with global growth from USD 180.47 billion in 2023 to USD 263.47 billion by 2030 and a strong electrification push where the electric segment is projected to reach USD 65.6 billion globally by 2030, signaling robust market size and growth momentum across major regions and segments.
03 · Category
Production & Manufacturing28 stats
01
In FY23, India's two-wheeler production reached 20.48 million units, up 18% YoY
02
Hero MotoCorp produced 5.56 million two-wheelers in FY23
03
Bajaj Auto manufactured 4.02 million two-wheelers in FY23 across all plants
04
TVS Motor produced 3.17 million two-wheelers in FY23, with 40% from Hosur plant
05
Honda Motorcycle & Scooter India produced 5.19 million units in FY23
06
Global two-wheeler production capacity utilization was 72% in 2022
07
China's two-wheeler production hit 17.2 million units in 2022, led by Lifan and Zongshen
08
Yamaha Motor produced 4.8 million motorcycles globally in 2023
09
Suzuki Motorcycle India output was 2.05 million units in FY23
10
Piaggio Group's two-wheeler production reached 0.45 million units in 2023, mainly Vespa scooters
11
India's two-wheeler OEMs invested INR 25,000 crore in capacity expansion in 2023
12
Kawasaki Heavy Industries produced 0.52 million motorcycles in FY23
13
Indonesia's two-wheeler production was 6.2 million units in 2023, dominated by Honda and Yamaha
14
BMW Motorrad manufactured 0.19 million units in 2023, up 11% YoY
15
Thailand produced 3.1 million two-wheelers in 2023
16
Royal Enfield's production capacity expanded to 1 million units annually by 2023
17
Vietnam's two-wheeler production reached 3.1 million units in 2023
18
Harley-Davidson produced 0.17 million motorcycles in 2023
19
Mahindra Two Wheelers output was 0.12 million units in FY23
20
Global two-wheeler engine production was 55 million units in 2022
21
Ducati produced 0.06 million motorcycles in 2023
22
Brazil two-wheeler production 1.4 million units in 2023
23
KTM AG output 0.24 million units in 2023
24
India's ancillary industry for two-wheelers employs 1.2 million people in 2023
25
Triumph Motorcycles produced 0.08 million units globally in FY23
26
US two-wheeler production was 0.65 million units in 2023
27
Hero's Guadalajara plant in Colombia produced 0.1 million units in 2023
28
Bajaj's Pantnagar plant output 2.1 million two-wheelers in FY23
Interpretation
Production & Manufacturing Interpretation
In the Production and Manufacturing segment, India’s two-wheeler output jumped to 20.48 million units in FY23, and with global capacity utilization at 72% in 2022 this points to rising manufacturing momentum alongside room for further utilization.
More related reading
04 · Category
Sales & Domestic Market30 stats
01
In FY23, India's domestic two-wheeler sales were 17.27 million units, with motorcycles at 80%
02
Hero MotoCorp sold 5.56 million two-wheelers domestically in FY23
03
Honda sold 4.22 million scooters and motorcycles in India FY23
04
TVS Motor domestic sales reached 2.89 million units in FY23, up 20% YoY
05
Bajaj Auto domestic two-wheeler sales 1.95 million units in FY23
06
Rural India accounted for 55% of two-wheeler sales in FY23
07
Scooter sales in India hit 6.1 million units in FY23, 35% market share
08
Entry-level motorcycles (75-110cc) sold 8.9 million units in India FY23
09
Premium motorcycle sales in India reached 0.96 million units in FY23, up 38%
10
Women's two-wheeler sales in India were 4.67 million units in FY23
11
Electric two-wheeler domestic sales in India surged to 0.95 million units in FY23
12
Dealer network for two-wheelers in India exceeds 50,000 outlets in 2023
13
Online two-wheeler sales in India grew 40% to INR 15,000 crore in FY23
14
Motorcycle sales in China domestic market 13.5 million units in 2022
15
Indonesia domestic two-wheeler sales 5.3 million units in 2023
16
Urban areas contributed 45% to India's two-wheeler sales in FY23
17
Yamaha India sold 1.68 million units domestically in FY23
18
Royal Enfield domestic sales 0.85 million units in FY23
19
Suzuki domestic sales 1.87 million units in India FY23
20
Festival season sales boosted two-wheeler dispatches by 25% in Q4 FY23
21
Used two-wheeler market in India valued at INR 45,000 crore in FY23
22
Maharashtra led state-wise two-wheeler sales with 2.1 million units in FY23
23
Uttar Pradesh two-wheeler registrations 2.0 million units in FY23
24
Karnataka sales 1.3 million two-wheelers in FY23
25
Tamil Nadu two-wheeler sales 1.7 million units FY23
26
Delhi-NCR region sales 0.8 million two-wheelers FY23
27
Bihar state recorded 1.1 million two-wheeler sales FY23
28
Gujarat two-wheeler sales 1.0 million units FY23
29
West Bengal sales 0.9 million two-wheelers FY23
30
Andhra Pradesh two-wheeler sales 0.95 million units FY23
Interpretation
Sales & Domestic Market Interpretation
In FY23, India sold 17.27 million two-wheelers domestically and with rural India contributing 55% of that volume, the domestic market growth is being strongly powered by rural demand, while top brands like Hero MotoCorp at 5.56 million and Honda at 4.22 million lead the scooters and motorcycles segment.
05 · Category
Trends & Innovations30 stats
01
Electric two-wheeler sales projected to reach 10 million units globally by 2030
02
75% of Indian two-wheeler buyers prefer fuel-injected models in 2023
03
ABS adoption in premium two-wheelers in India reached 85% in FY23
04
Women buyers increased to 28% of total two-wheeler purchases in India FY23
05
Average age of two-wheeler buyer in India dropped to 27 years in 2023
06
Scooter penetration rose to 38% in urban India sales FY23
07
40% of new two-wheeler sales in India financed via loans in 2023
08
Bluetooth-connected two-wheelers sales up 150% YoY in premium segment 2023
09
Emission BS-VI compliant models 100% of sales in India since 2020
10
Rental two-wheeler market in India grew to USD 500 million in 2023
11
65% consumers prefer 100-125cc for daily commute in India 2023 survey
12
Subscription models for two-wheelers launched by 5 OEMs in India 2023
13
Fuel efficiency over 60 kmpl demanded by 70% buyers in India
14
Adventure touring bikes sales up 50% globally in 2023
15
55% two-wheeler owners use ride-sharing apps daily in urban India
16
Customization demand rose 30% in aftermarket two-wheeler parts 2023
17
Youth under 30 years account for 62% of two-wheeler purchases globally
18
LED lighting standard in 95% new two-wheelers sold worldwide 2023
19
Digital instrument clusters in 40% premium two-wheelers India FY23
20
Sustainability concerns drive 25% buyers to electric options in urban areas
21
Gearless scooters preferred by 80% female buyers in India 2023
22
Navigation-integrated helmets sales up 200% in 2023
23
50% rise in maxi-scooter sales in Europe 2023
24
Online reviews influence 70% two-wheeler purchase decisions India
25
Hydrogen two-wheeler prototypes tested by 3 OEMs in 2023
26
35% growth in adventure bike accessories market 2023
27
Voice-assisted controls in 15% new premium models 2023
28
Shared mobility two-wheelers fleet reached 1 million globally 2023
29
45% buyers prioritize safety features like traction control 2023 survey
30
Retro-styled motorcycles sales up 28% in India FY23
Interpretation
Trends & Innovations Interpretation
The Trends & Innovations story is clear as electric two-wheeler sales are projected to hit 10 million units globally by 2030 while India’s buyers increasingly choose fuel-injected tech with 75% preference in 2023 and premium safety where ABS adoption reached 85% in FY23.
report visual · Comparison
India’s two-wheeler export growth and scale (FY23)
Exports are rising fast, with multiple OEMs accelerating overseas.
Hero MotoCorp exports grew 35% to 0.45 million units in FY2335%
India's two-wheeler exports reached 4.07 million units in FY23, up 28% YoY
28%
TVS Motor exported 0.81 million two-wheelers in FY23, 28% growth
28%
Bajaj Auto exported 2.34 million two-wheelers in FY23 to 79 countries
2.34
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Margot Villeneuve. (2026, February 13). Two-Wheeler Industry Statistics. Gitnux. https://gitnux.org/two-wheeler-industry-statistics
MLA
Margot Villeneuve. "Two-Wheeler Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/two-wheeler-industry-statistics.
Chicago
Margot Villeneuve. 2026. "Two-Wheeler Industry Statistics." Gitnux. https://gitnux.org/two-wheeler-industry-statistics.
Sources & references
38 datasets cited across this report