The festive season often brings a noticeable surge in the demand for two-wheelers. During this period, consumers look to purchase vehicles, particularly across the commuter, premium and electric segments.
Several leading motorcycle brands have reported improved domestic production volumes in FY26. On the other hand, customers have been eyeing EV adoption. With the market looking in good shape, it’s time to evaluate two-wheeler companies that carry the financial strength and product pipeline for sustained growth.
5 Two-wheeler stocks to watch before the festive season
We have shortlisted five two-wheeler stocks that you may put on your watchlist. These five names are worth tracking based on their recent financial performance, product strategy, and expansion plans.
- Hero MotoCorp
Hero MotoCorp continues to be one of the largest two-wheeler manufacturers in India. The company produces commuter motorcycles, scooters and premium models.
Hero MotoCorp sold 64.69 lakh motorcycles and scooters in FY26, which marks a 10% Y-o-Y rise. The revenue from its operations increased 15% to ₹46,830 crore, while PAT increased 14%.
Hero is also expanding its premium and electric portfolio. In the EV segment, the company is subscribing to about ₹960 crore worth of convertible warrants in Ather Energy. Investors are closely watching the Hero Motocorp share price ahead of the festive season.
- Bajaj Auto Ltd
Bajaj Auto enters the festive season with strong momentum across domestic, export, internal-combustion and EV businesses. In Q1 FY27, the company’s consolidated revenue increased 65% Y-o-Y, while its net profit increased 46% to ₹3,225.6 crore. Two-wheeler sales also increased 11% during the quarter.
Bajaj Auto is planning to roll out five models, out of which three products will be introduced by the middle of October, along with two new brands. This launch strategy can help the company capture the festive momentum.
- TVS Motor Company Ltd
The sales volume of TVS Motor Company looks healthy as it enters the festive season. In July 2026, the company recorded its highest-ever monthly sales, with 6,29,675 units. This marks a 38% Y-o-Y growth. The sales of domestic two-wheelers increased 42% to 4,37,394 units.
The electric business of the company is also gaining traction. The two-wheeler EV sales increased 158% Y-o-Y in July, touching 60,934 units. Exports of two-wheelers increased 27%, which gives TVS Motor Company a customer base beyond domestic markets during the festive months.
- Eicher Motors Ltd
Investors eyeing exposure to the premium motorcycle segment closely watch Eicher Motors, the brand behind Royal Enfield. The company recorded its highest-ever quarterly sales in Q1 FY27, selling 3,32,940 motorcycles. That’s 27% higher than the same period last year. It also recorded a 32% rise in revenue from operations, with the net profit rising 21%.
Eicher Motors is also gearing up to expand its long-term capacity. The board has approved a Phase-I investment of ₹1,225 crore for a new motorcycle manufacturing facility in Andhra Pradesh, which could add to its annual capacity over time.
- Ather Energy Ltd
If you are interested in investing in purely electric two-wheelers, Ather Energy must be on your radar. Its revenue from operations increased 88.8% in Q1 FY27, while its consolidated net loss narrowed sharply to ₹51.09 crore from ₹178.23 crore a year earlier
The company has been strengthening its capital position. Recently, Ather completed a ₹1,200 crore preferential issue, which takes its combined fundraise with an earlier QIP to around ₹2,500 crore. Investors should closely watch Ather during the festive period as the company rapidly adopts EVs and allocates fresh capital for its expansion.
Conclusion
The festive season offers an important demand window to the two-wheeler industry in India. However, as an investor, you’d be looking for a growth strategy beyond a few strong sales months.
The five stocks of two-wheeler companies we shortlisted look promising, with each company benefiting from their individual strengths. Evaluate the financial performance, valuations, and competition before you allocate your investments to any of these.
