Best Bike Stocks in India For 2025

The Indian bike sector has been on a growth spree in recent times for various reasons. According to a report, the two-wheeler market size is estimated at 315.9 billion USD in 2025 and is expected to reach 347.7 billion USD in 2029. Within this period, the bike sector will be growing at a compounded annual growth rate of 2.40%. 

The above data indicates that the bike sector of India is poised for extensive growth, and as a result of which, the best bike stocks in India are expected to grow at a tremendous rate and have the potential to provide significant return on investment. 

To help you reap the benefits of rising returns, we have curated a list of the best bike stocks in India which can help you generate substantial returns from your investments: 

Best Bike Stocks List in India 

*Data is updated as of 28th February 2025

What are Bike Stocks?

Bike stocks or two-wheeler stocks represent equity shares of those listed companies that are engaged in the business of manufacturing and selling bikes in India. Underlying corporations representing the best bike stocks operate wholly or partially across the two-wheeler supply chain. 

Introduction to the Best Bike Stocks in India 

Eicher Motors Ltd.

Eicher Motors Limited (EML) is the parent company of the two-wheeler brand Royal Enfield. EML has been manufacturing bikes under the brand name Royal Enfield. It sold 9,12,003 units in the FY 2023 -24 and holds a market share of 88.5% in the mid-size motorcycle segment (250cc-750cc). 

Eicher Motors’ bike portfolio includes motorcycles such as Classic 350, Bullet 350, Meteor 350, Hunter 350, Sram 411, Himalayan 450, Interceptor 650, Continental GT 650, Super Meteor 650, Shotgun 650

Along with bike manufacturing, EML also operates under a JV with the AB Volvo for manufacturing modernised VE commercial vehicles (VECV) in India. 

TVS Motor Company Ltd.

TVS Motor Company is the fourth largest two-wheeler manufacturer in the world. It manufactures and sells two and three-wheelers for various consumer needs. TVS motor company has an annual production capacity of 4.95 million and has a presence in over 80 countries. In FY 2023-24, the company sold 2.63 lakhs of two-wheelers monthly in India. 

Two-wheeler portfolio TVS Motors includes a range of scooters: TVS Jupiter 125, TVS Ntorq, and TVS Pep+, and the motorcycle range includes TVS Apache Series, TVS Ronin, and TVS Star City+. 

Hero MotoCorp Ltd.

Hero Motorcorp is the largest two-wheeler manufacturer in the world since 2001. The company manufacturers motorcycles for the Indian and global markets. It has a customer base of 116 million, which is present in approximately 50 countries. 

Hero Motorcorp was incorporated in 1984, and since then, it has created a portfolio of motorcycles that includes brands like HF Deluxe, Splendor, Glamour, Super Splendor, and Passion. Besides these, Hero Motorcorp has also launched some premium bike ranges consisting of the Xtreme 125R, Xtreme 160 4V, Harley-Davidson X440, Karizma XMR and Maverick. 

Bajaj Auto Ltd.

Bajaj Auto Limited is the flagship company of Bajaj Group. The company is a well-known bike manufacturer in India, primarily known for its Pulsar series. In FY 2024, Bajaj Auto Ltd. sold 21,21,492 units of bikes, acquiring a market share of 18.2%. 

BAL operates in two segments, the first is the 100-110 cc segment, and the second is the 125cc and above segment, and it has also forayed into the EV segment with the introduction of the CHETAK EV scooter. 

The product portfolio of the company includes brands like Pulsar, Dominar, Avenger, KTM, Triumphs, and Chetak EV. 

Best Bike Stocks as per P/E Ratio 

*The above mentioned data are subject to change as per the changes in the market forces. Therefore, we request you to keep yourself updated with the latest stock details using Univest.

Factors To Consider Before Investing in Best Bike Stocks

Industry Trends

Trends in the bike industry, such as the shift from the conventional internal combustion engine (ICE) to the Electric Vehicle, are influencing the demand for the best bike stocks in India. You must analyse such trends to keep yourself abreast of the upcoming investment opportunities in the bike stocks. 

Consumer Preference

Factors such as the price of bikes, changing fuel prices, and variations in income levels influence the consumer’s buying behaviour. Thus, it becomes important to asses the sentiment of buyers before selecting a bike stock in India to maximise returns. 

Environment Policies

Policies related to environment safeguarding and two-wheeler production are an important factor that affects the revenue of bike manufacturers. Policies related to carbon emission, safety standards, and EV subsidies dominate how the two-wheeler industry behaves and eventually impact the prices of the best bike stocks in India. 

Company Performance

The financial health of bike manufacturers is the most dominant component that dictates how a bike stock will perform over an investment period. Analysis of profit and loss, cash flow, and the company’s balance sheet form the core of identifying and investing in the best bike stocks in India. 

Benefits of Investing in Best Bike Stocks 

Export Exposure

Bike manufacturers such as Bajaj Automobiles, Hero Motorcorp, and TVS Motors rely highly on the export revenue of their products. Thus, by investing in the best bike stocks in India, you can get exposure to the export market, leading to indirect diversification and better return generation.

Growing Demand 

As a young nation with growing disposable income, the rise of two-wheelers is set for tremendous growth. Bike stocks in India are positively influenced by this growing demand for bikes, which leads to price appreciation, generating substantial returns. 

Technology Advancements

The two-wheeler market in India has experienced significant tech advancement in recent years, especially accounting for the growth of the EV sector, which has created a new segment for investment. These advancements keep the sector fresh and flooded with new growth opportunities, which leads to the price enhancement of the best bike stocks.

Limitation of Investing in Bike Stocks

Supply Chain Issues 

The business of bike manufacturing depends highly on a stable supply chain for accessing suitable parts and distribution of bikes to the final customers. Hence, a disruption of the supply chain on any level creates challenges for the industry, negatively impacting the performance of the best bike stocks in India. 

Rising Competition 

As the demand for two-wheelers is growing, the competition is also increasing. Many new companies are coming into play, creating a war amongst each other for market share and profits. Such high competition impacts the profit margin and the top lines of bike manufacturers, leading to a weaker sentiment amongst investors for the best bike stocks. 

Changing Sectoral Dynamics

Two-wheeler companies have been under constant pressure to keep up with the changing customer demand and advancement in the industry. It poses challenges for companies to keep modifying their business as per the demand, which sometimes creates instability in the best bike stocks. 

Regulatory Risk 

The issue of global warming and rising carbon emissions has started a wave of policy formation and implementation that is directed towards curbing the malpractices of companies. Such policies often add to the cost of production of two-wheelers and decrease profit margins. Best bike stocks in India are exposed to these regulatory risks extensively, and hence, these regulatory actions must be analysed thoroughly before investing. 

Wrapping Up 

• Bike stocks are shares that represent two-wheeler manufacturing companies in India. 
• Investing in the best bike stocks can offer various benefits, including price appreciation, exposure to export markets, and many more. 
• Best bike stocks can be analysed and identified using various ratios and metrics, such as
  • Dividend Yield 
  • Return on Capital Employed 
  • Return on Equity 
  • Debt to Equity ratio 
  • Cost Analysis 
• However, investors must keep in mind that even the best bike stocks in India are subjected to risks. Therefore, investors must be vigilant while selecting bike stocks for their portfolioss. 

FAQ on Best Bike Stocks

What are the bike stocks in India? 

Bike stocks in India refer to equity shares of those listed companies which are engaged in the business of producing and selling two-wheelers, motorcycles domestically, globally or both. 

Which bike in India has the biggest market share? 

Heromotorcorp has the highest market share in India, covering approximately 30% market. 

What are EV bike stocks? 

EV bike stocks are equity shares of corporations which manufacture electric bikes for consumers. For example: 

• Ola Electric Mobility – Ola S1 and Ola S1 Pro (scooter), Roadster X (bike)
• Baja Automobiles – Chetak (Scooter)

Are the best bike stocks risky to invest? 

Yes, the best bike stocks, like any other financial instruments, have various risks. Bike stocks are exposed to risks such as market volatility, regulatory risks, supply chain risks and other macroeconomic challenges.

How can I invest in the best bike stocks?

To invest in the best bike stocks, you must follow the following steps: 

Step 1: Conduct thorough research on the best bike stocks with their fundamental and technical analysis. 

Step 2: Open a demat account on Univest to research or invest in the best bike stocks. 

Step 3: Place a buy order for selected best bike stocks with low prices by choosing the quantity of shares you wish to buy. 

Step 4: Track your returns in the portfolio section and wait for the right time to book profitability.  

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*Data is updated as of 24th February 2025. 

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*Data is updated as of 24th February 2025. 

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Disclaimer: The data mentioned above is for educational purposes. It is essential to conduct your own research before investing in the stock market. You can consult a financial advisor or try Univest to generate exemplary returns.