India is the world’s largest two-wheeler manufacturer. According to Markline, India has around 19 crore two-wheelers and two-wheelers account for 80% of overall automotive production in the country.
According to Statista, two-wheeler sales in FY 2021 were 1.5 crores, a 13 percent decrease from FY 2020. The Covid-19 Pandemic could be to blame for the decline in sales in 2021.
Indians purchase bikes for two main reasons:
- It is cost-effective because fuel prices are steadily rising.
- Because traffic on Indian highways is at an all-time high, two-wheelers save time.
This article will look at some of the best bike companies in India that are currently controlling the market.
Top Bike Companies in India
In India, there are numerous bicycle manufacturers. Some are Indian businesses, while others are international corporations. Despite the fact that they have set up motorbike manufacturing operations in India to make bikes there.
1. Hero Moto Corp Limited
Market Share – 37.04%
Market Capitalization – $7.76 Billion
The Guinness Book of World Records named Hero Cycles Ltd as the world’s largest manufacturer for producing a record amount of bikes.
They began manufacturing motorcycles after dominating the Indian cycle market. In the year 1984, Hero teamed with Honda, a Japanese automobile manufacturer, to establish Hero Honda. Both firms (Hero and Honda) owned a 26% share in the company.
The Hero Honda corporation grew to be a huge success. Hero Honda is preferred by Indians over motorcycles, particularly in rural regions. Hero Honda Motors Limited debuted with the Hero Honda CD100, which was the company’s first motorcycle.
However, the joint venture, Hero Honda, was discontinued by the business in 2010. On July 29, 2011, Hero launched a new business called Hero MotoCorp Limited.
Hero Moto Corp is now India’s largest motorcycle manufacturer. Hero is recognized for its low-cost motorcycles. It does, however, provide motorcycles in a variety of price ranges. In India, the Hero Splendor is the most popular motorcycle.
Also Read: The World’s Top 10 Best Custom Bikes
2. Honda Motorcycle and Scooter India
Market Share – 25.58%
Market capitalization – $45.66 Billion
Honda Motorcycle and Scooter India, Private Limited (HMSI) was created in 1999 as a subsidiary of Honda Motor Company, which was founded by Soichiro Honda, a dropout.
The Honda Technical Research Institute was the company’s original name. Soichiro Honda renamed his company Honda Motor Co. Ltd. in 1949. The Honda D-Type was the company’s first motorcycle. This is also the very first motorcycle in the Dream series.
Honda partnered with Hero in 1984 to launch the Hero Honda motor in India. As previously said, it became successful in 2010, and Honda now distributes motorcycles through Honda Motorcycle and Scooter India Private Limited (HMSI).
Honda’s best-selling motorcycles in India are the CB Shine SP, CB1000R, CBR650F, CBR1000RR, CBR 250R, and others.
3. Bajaj Auto
Market Share – 11.97%
Market Capitalization – US$13.6 Billion
In 1945, Jamnalal Bajaj created the company Bajaj Auto Limited. Motorcycles, scooters, and auto rickshaws are manufactured by Indian multinational corporations.
The company did not produce its own products at first. The company imports and sells two and three-wheeler cars in India.
The firm began producing vehicles in India in 1950. Piggago granted them a license to produce Vespa at the same time.
After that, in 1986, they introduced motorcycles. CT 100 Platina, Discover, Pulsar, Avenger, and Dominar are some of the most popular bikes. Plants are located in Akurdi, Chakan, Waluj, and Pantnagar.
Even Bajaj produces KTM, India’s premium motorcycle brand.
4. Yamaha Motor Company
Market Share – 3.47%
Market Capitalization – $6.65 Billion
Yamaha is one of India’s most popular motorcycle brands. Genichi Kawakami founded the Japanese corporation Yamaha Motor Co. in 1955. The Yamaha Corporation began as a manufacturer of musical instruments. The corporation was founded by Torakusu Yamaha, and the president was Genichi Kawakami.
They began producing motorcycles after World War II. A YA-1, a 125cc motorcycle, was the first bike. The bicycle was a huge hit. They founded Yamaha Motor Co Ltd as a result of its success.
Motorcycles, scooters, motorized bicycles, boats, sailboats, utility boats, fishing boats, outboard motors, electrical generators, recreational off-road vehicles, golf carts, multi-purpose engines, and water pumps are now all manufactured by the company.
In the year 1985, Yamaha embarks on a state-of-the-art trip. Yamaha Motor India Pvt. Ltd. (YMIPL) is a 100% subsidiary of Yamaha motor company.
Some Of the best selling bikes from Yamaha are:
- Yamaha FZS 25
- Yamaha YZF R15 V3
- Yamaha FZ-S Fi
- Yamaha MT 15
- Yamaha FZ-FI
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5. TVS Motors
Market Share – 14.31%
Market Capitalization – $3.43 Billion
TVS is a motorbike manufacturer based in India. TVS Motors is a TVS Group business. In the year 1980, TVS produced India’s first two-seater moped, the TVS 50. In 1987, TVS merged with Suzuki Ltd., a Japanese automobile manufacturer, to establish TVS-Suzuki.
Suzuki Samurai, Suzuki Shogun, and Suzuki Shaolin are some of the bikes introduced by TVS. They discontinued their partnership after it. In 2001, TVS established a firm called TVS Motor.
TVS Motor Company is now India’s third-largest two-wheeler manufacturer. Not only that, but TVS Motor is India’s second-largest exporter.
In India, the firm sells 3 million units per year and has a user base of 44 million people. TVS also makes three-wheelers in addition to two-wheelers.
TVS Motors’ most selling bikes are:
- TVS Sport,
- TVS Radeon,
- TVS Apache RR 310
- TVS Apache RTR 200
- TVS Apache RTR 160
6. Royal Enfield
Market Share – (Royal Enfield) – 3.79%
Market Capitalization – ($8.16 Billion)
Royal Enfield is a Chennai-based Indian multinational motorcycle manufacturer. The company began in England as the Enfield Cycle Company of England, and eventually expanded to India as Enfield.
The first Royal Enfield motorcycle was introduced in 1901 by the Enfield Cycle Company of England. The Royal Enfield Bullet, the world’s longest-lived motorcycle design, was also made and designed by the business.
Royal Enfield was amalgamated with Eicher Motors Limited in 1994. Royal Enfield is now a division of Eicher Motors Limited, one of India’s largest automobile manufacturers.
The company has 850 dealers in India and exports to more than 60 nations, including the United States, the United Kingdom, and certain European countries.
Some of best selling bikes from Royal Enfield are:
- Royal Enfield Continental GT 650
- Royal Enfield Interceptor 650
- Royal Enfield Classic 350
- Royal Enfield Himalayan
- Royal Enfield Bullet 350
- Royal Enfield Meteor 350.
7. Suzuki Motorcycle India
Market Share – 3.45%
Market Capitalization – $16.12 Billion
Suzuki Motorcycle India Private Limited was established in 2006 as a subsidiary of Suzuki Motor Company in India. Automobiles, motorbikes, all-terrain vehicles (ATVs), outboard marine engines, and wheelchairs are all manufactured by the Japanese corporation. Michio Suzuki, a Japanese entrepreneur, founded Suzuki.
Suzuki Motorcycle is the company’s third endeavor in India. In Hyderabad, the company has a facility with a capacity of 5,40,000 units. Suzuki offers motorcycles, scooters, and sportbikes in several categories.
Some of the most popular Suzuki motorcycles:
- Suzuki Hayabusa, Suzuki Gixxer
- Suzuki Gixxer SF
- Suzuki Access 125
- Suzuki Burgman Street
- Suzuki Intruder
- Suzuki Gixxer SF 250
- Suzuki GSX S1000
- Suzuki GSX S750,
- Suzuki V-Strom 650XT
- Suzuki RM Z250
- Suzuki Gixxer 250
8. KTM
KTM is a bicycle, motorbike, and sports vehicle manufacturer based in Austria. It debuted its first motorcycle, the R100, in 1951. Then The Trophy 125cc was KTM’s first sports motorbike, released in 1957.
Pierer Mobility AG (51.75 percent) and Indian manufacturer Bajaj Auto International Holdings BV jointly own the company (48 percent ).
Off-road motorcycles are what KTM bikes are known for. Many people are unaware that Bajaj manufactures KTM premium motorcycles in India.
Some of KTM’s top-selling bikes are:
- KTM 125 Duke
- RC 125
- 250 Duke
- KTM RC 200
- KTM 200 Duke
9. Piaggio
Market Share – 0.37%
Market Cap – $966.497M
Piaggio & C. SpA is an Italian automobile company. Piaggio, Vespa, Aprilia, Gilera, Derbi, Moto Guzzi, and Scarabeo are among the company’s seven brands. Vespa was a popular mode of transportation.
Piaggio was created in 1884 by an Italian entrepreneur named Rinaldo Piaggio. The firm began producing locomotives and railway carriages.
In 1946, the first Vespa prototype was built. In 1996, the redesigned Vespa was introduced.
Piaggio entered the motorcycle sector in 2004 when it purchased the Aprilia and Moto Guzzi brands. In 2006, Piaggio introduced the first three-wheeled scooter, the MP3.
10. Kawasaki
Market Share – 0.01%
Market Capitalization – $339.961 Billion
India Kawasaki Motors Private Limited is a company that sells motorcycles. Kawasaki Heavy Industries Motorcycle & Engine, Japan Ltd. owns the company. It is a Kawasaki Heavy Industries division that produces motorcycles, ATVs, utility vehicles, and personal watercraft such as jet skis.
The major parent firm is Kawasaki Heavy Industries Ltd., a massive corporation created by Shz Kawasaki. Motorcycles, engines, aerospace, helicopters, defence equipment, rolling stock, ships, industrial robots, gas turbines, pumps, and boilers are all manufactured by the firm.
India In India, Kawasaki Motors Private Limited does not produce motorcycles. It imports Japanese motorcycles and sells them in India.
Kawasaki’s top bikes are:
- Kawasaki KLX 110
- Kawasaki Ninja 300
- Kawasaki Vulcan S
- Kawasaki Versys 650
- Kawasaki Z900RS
- Kawasaki Ninja H2
- Kawasaki Ninja ZX 10R
- Kawasaki Ninja 1000
For some people, selecting a suitable bicycle is a difficult task. Before making a decision, we need learn more about the organisation. You now have some information regarding Indian two-wheeler companies.
These are some of India’s Best Bike Companies. I hope you find this article useful. I’ve included information about the most popular bike brands in India.
Please let me know if I missed anything. Please tell me what brand you’re using. It might also be your first purchase.
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