The Federation of Automobile Dealers Associations (FADA) recently released its vehicle retail data for June 2025. Commenting on the performance, FADA President C. S. Vigneshwar noted that the month recorded a healthy 4.84 percent YoY growth, with all major categories closing in the green. Two-wheelers grew by 4.73 percent, three-wheelers by 6.68 percent, passenger vehicles by 2.45 percent, tractors by 8.68 percent, commercial vehicles by 6.6 percent, and CE stood out with a remarkable 54.95 percent growth.
Zooming in on the two-wheeler segment, the total retail sales in June 2025 stood at 14.46 lakh units, marking a 4.7 percent increase from 13.81 lakh units in June 2024. While sales declined 12.48 percent month-on-month, the YoY growth signals that consumer demand has remained resilient. Seasonal factors, such as the wedding and festive season, gave a noticeable push to retail activity, although certain headwinds kept the pace in check.
A combination of early monsoon showers and rising electric vehicle (EV) penetration also played a role in shaping buyer behaviour. According to several dealers, practices like compulsory billing and forced stock lifting through auto-debit mechanisms led to higher inventory levels ahead of upcoming festival targets. Overall, June demonstrated a resilient two-wheeler performance amid mixed market signals.
Let’s take a look at the top four auto stocks driving India’s two-wheeler market as of June 2025:
Hero – 27.23 percent market share
With a market cap of Rs. 86,142 crores, shares of Hero MotoCorp Limited moved down by nearly 1 percent on BSE, to close in the red at Rs. 4,306.75 on Monday.
Hero MotoCorp sits at the top, commanding a market share of 27.23 percent in June 2025. The company reported two-wheeler sales of nearly 3.93 lakh units, a slight dip of 0.95 percent year-on-year, compared to 3.97 lakh units in June 2024.
Honda – 24.56 percent market share
Coming in second is Honda Motorcycle and Scooter India Pvt. Ltd., holding a 24.56 percent market share. The company saw a modest uptick in sales, reporting nearly 3.55 lakh units sold in June 2025, up by 0.8 percent compared to 3.52 lakh units in June 2024.
Honda Motorcycle and Scooter India Pvt. Ltd., a 100 percent subsidiary of Honda in India, is engaged in the business of manufacturing two-wheelers, offering scooters, motorcycles, and bikes, along with vehicle parts of vehicles through dealers.
TVS – 19.52 percent market share
With a market cap of Rs. 1.36 lakh crores, the stock moved down by 0.11 percent on BSE, to close in the red at Rs. 2,876.3 on Monday.
TVS Motor Company retained the third spot with a 19.52 percent market share, bolstered by strong year-on-year growth. The company sold approximately 2.82 lakh units in June 2025, a sharp 19 percent increase from 2.36 lakh units in the same month last year.
Bajaj – 10.81 percent market share
With a market cap of Rs. 2.36 lakh crores, shares of Bajaj Auto moved up by 0.23 percent on BSE, rising to Rs. 8,451 on Monday. Rounding out the top four is Bajaj Auto, which secured a 10.81 percent of market share. The company reported two-wheeler sales of about 1.56 lakh units in June 2025, marking a 1.6 percent year-on-year increase from 1.53 lakh units in June 2024.
Written by Shivani Singh
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