After analysing the 150cc–200cc segment, attention now shifts to the 350cc–450cc motorcycle space. This segment registered total sales of 1,18,082 units in March 2026, posting a strong 22.93% YoY growth compared to 96,060 units sold in March 2025.
While Royal Enfield continues to lead by a huge margin, the segment is currently undergoing structural shifts due to reclassification of several 400cc motorcycles.
350cc to 450cc Motorcycle Sales Mar 2026 – Model Wise (YoY)
| No | Model | Mar-26 | Mar-25 | Diff | Growth % YoY | % Share Mar-26 |
|---|---|---|---|---|---|---|
| 1 | Royal Enfield Classic 350 | 37,144 | 33,115 | 4,029 | 12.17 | 31.46 |
| 2 | Royal Enfield Bullet 350 | 23,767 | 21,987 | 1,780 | 8.10 | 20.13 |
| 3 | Royal Enfield Hunter 350 | 20,881 | 16,958 | 3,923 | 23.13 | 17.68 |
| 4 | Royal Enfield Meteor 350 | 10,701 | 8,912 | 1,789 | 20.07 | 9.06 |
| 5 | Jawa Yezdi BSA (Retail) | 4,617 | 2,324 | 2,293 | 98.67 | 3.91 |
| 6 | Honda CB 350 | 4,365 | 1,179 | 3,186 | 270.23 | 3.70 |
| 7 | Triumph 400 | 2,823 | 3,855 | -1,032 | -26.77 | 2.39 |
| 8 | Honda H’Ness 350 | 2,523 | 2,354 | 169 | 7.18 | 2.14 |
| 9 | Royal Enfield Himalayan | 2,284 | 1,628 | 656 | 40.29 | 1.93 |
| 10 | Harley-Davidson X440 | 2,202 | 0 | 2,202 | – | 1.86 |
| 11 | Triumph 350 | 2,165 | 0 | 2,165 | – | 1.83 |
| 12 | Royal Enfield Guerrilla | 1,906 | 831 | 1,075 | 129.36 | 1.61 |
| 13 | KTM 390 | 1,002 | 1,696 | -694 | -40.92 | 0.85 |
| 14 | Bajaj Pulsar 350 | 953 | 0 | 953 | – | 0.81 |
| 15 | Bajaj Dominar 350 | 394 | 0 | 394 | – | 0.33 |
| 16 | Aprilia RS 457 | 233 | 112 | 121 | 108.04 | 0.20 |
| 17 | Bajaj Dominar 400 | 38 | 305 | -267 | -87.54 | 0.03 |
| 18 | Aprilia Tuono 457 | 34 | 251 | -217 | -86.45 | 0.03 |
| 19 | Bajaj Pulsar 400 | 22 | 515 | -493 | -95.73 | 0.02 |
| 20 | Ninja / Eliminator / KLX | 15 | 23 | -8 | -34.78 | 0.01 |
| 21 | Husqvarna 401 | 13 | 15 | -2 | -13.33 | 0.01 |
| – | Total | 1,18,082 | 96,060 | 22,022 | 22.93 | 100.00 |
Leading the charts is Royal Enfield Classic 350 with 37,144 units, commanding a 31.46% market share. Bullet 350 and Hunter 350 follow, while Meteor 350 also posts strong double-digit growth.
In the mid-range, Jawa–Yezdi–BSA nearly doubled sales, while Honda CB350 recorded the highest growth rate in the segment at 270.23% YoY.
Interestingly, Triumph 400 range shows a decline, largely due to reclassification by Bajaj, which has shifted several 400cc models into the sub-350cc category for taxation benefits.
350cc to 450cc Motorcycle Sales Mar 2026 – MoM Analysis
| No | Model | Mar-26 | Feb-26 | Diff | Growth % MoM | % Share Feb-26 |
|---|---|---|---|---|---|---|
| 1 | Royal Enfield Classic 350 | 37,144 | 34,307 | 2,837 | 8.27 | 31.91 |
| 2 | Royal Enfield Bullet 350 | 23,767 | 21,821 | 1,946 | 8.92 | 20.30 |
| 3 | Royal Enfield Hunter 350 | 20,881 | 20,234 | 647 | 3.20 | 18.82 |
| 4 | Royal Enfield Meteor 350 | 10,701 | 8,817 | 1,884 | 21.37 | 8.20 |
| 5 | Jawa Yezdi BSA (Retail) | 4,617 | 4,468 | 149 | 3.33 | 4.16 |
| 6 | Honda CB 350 | 4,365 | 4,099 | 266 | 6.49 | 3.81 |
| 7 | Triumph 400 | 2,823 | 4,794 | -1,971 | -41.11 | 4.46 |
| 8 | Honda H’Ness 350 | 2,523 | 1,736 | 787 | 45.33 | 1.61 |
| 9 | Royal Enfield Himalayan | 2,284 | 2,123 | 161 | 7.58 | 1.97 |
| 10 | Harley-Davidson X440 | 2,202 | 2,078 | 124 | 5.97 | 1.93 |
| 11 | Triumph 350 | 2,165 | 0 | 2,165 | – | 0.00 |
| 12 | Royal Enfield Guerrilla | 1,906 | 759 | 1,147 | 151.12 | 0.71 |
| 13 | KTM 390 | 1,002 | 1,326 | -324 | -24.43 | 1.23 |
| 14 | Bajaj Pulsar 350 | 953 | 0 | 13 | – | 0.00 |
| 15 | Bajaj Dominar 350 | 394 | 0 | 13 | – | 0.00 |
| 16 | Aprilia RS 457 | 233 | 180 | 53 | 29.44 | 0.17 |
| 17 | Bajaj Dominar 400 | 38 | 386 | -348 | -90.16 | 0.36 |
| 18 | Aprilia Tuono 457 | 34 | 16 | 18 | 112.50 | 0.01 |
| 19 | Bajaj Pulsar 400 | 22 | 352 | -330 | -93.75 | 0.33 |
| 20 | Ninja / Eliminator / KLX | 15 | 3 | 12 | 400.00 | 0.00 |
| 21 | Husqvarna 401 | 13 | 12 | 1 | 8.33 | 0.01 |
| – | Total | 1,18,060 | 1,07,511 | 10,549 | 9.81 | 100.00 |
On a month-on-month basis, the segment grew 9.81%, with Royal Enfield models continuing steady momentum.
H’ness 350 and Guerrilla showed strong gains, while Triumph 400 saw a sharp drop due to strategic repositioning.
350cc to 450cc Motorcycle Sales Mar 2026 – OEM Wise Performance
| OEM | Models | Mar-26 | Mar-25 | Diff | Growth % YoY | % Share Mar-26 |
|---|---|---|---|---|---|---|
| Royal Enfield | Classic, Bullet, Hunter, Meteor, Himalayan, Guerrilla | 96,683 | 83,431 | 13,252 | 15.88 | 81.88 |
| Bajaj Auto | Pulsar, Dominar, Triumph, KTM, Husqvarna | 7,410 | 6,386 | 1,024 | 16.04 | 6.28 |
| Honda | CB350, H’ness 350 | 6,888 | 3,533 | 3,355 | 94.96 | 5.83 |
| Classic Legends | Jawa, Yezdi, BSA | 4,617 | 2,324 | 2,293 | 98.67 | 3.91 |
| Harley-Davidson | X440 | 2,202 | 0 | 2,202 | – | 1.86 |
| Aprilia | RS 457, Tuono 457 | 267 | 363 | -96 | -26.45 | 0.23 |
| Kawasaki | Ninja, Eliminator, KLX | 15 | 23 | -8 | -34.78 | 0.01 |
| – | Total | 1,18,082 | 96,060 | 22,022 | 22.93 | 100.00 |
OEM-wise data clearly highlights Royal Enfield’s dominance, with an overwhelming 81.88% market share.
Honda emerges as the fastest-growing mainstream brand, nearly doubling its volumes. Meanwhile, Classic Legends also posted strong gains, signalling improved market acceptance.
Bajaj Auto Group maintains a stable presence, though affected by portfolio restructuring involving Triumph and KTM models.
Key Takeaways
- Royal Enfield continues to dominate with over 80% market share
- Honda registers highest growth among major players
- Segment impacted by 400cc reclassification strategy
- Entry of new models like Harley X440 and Triumph 350 reshaping lower end
- Premium niche players like Aprilia and Kawasaki remain low volume
Outlook
Going forward, competition in this segment is expected to intensify. With global brands preparing new entries—especially in the 400cc–450cc range—the current Royal Enfield-heavy landscape could gradually evolve into a more competitive and diverse market.
