Mumbai: Led by international business and exports, TVS Motor Company for the first time has emerged as India's largest two-wheeler manufacturer by total monthly sales, highlighting how overseas markets are increasingly reshaping the industry pecking order.The maker of the Apache motorcycle and iQube electric scooter sold 565,417 two-wheelers globally in June, up 47% from a year earlier, show its latest sales data. Hero MotoCorp, the long-time leader in the domestic market, sold 541,159 units, followed by Honda Motorcycle & Scooter India at 528,281 units.TVS achieved the milestone mainly because of exports rather than domestic demand. The Chennai-based company sold 172,355 two-wheelers in overseas markets in June, comfortably beating Hero MotoCorp and Honda Motorcycle & Scooter that together exported 97,594 units. Hero MotoCorp shipped 38,269 units to its overseas markets last month, while the local two-wheeler unit of Honda Motor exported 59,325 units.Despite the June milestone, TVS is not the top exporter of two-wheelers from India. Bajaj Auto exported 222,439 units in June, up 49% from a year earlier, to remain the leader in terms of export volume.For TVS, international business has become an increasingly important growth engine over the past few years. In its latest annual report, TVS said it now sells vehicles in more than 90 countries and has transformed its overseas operations from a predominantly export-led model into a more structured global business, with Africa, Latin America and Asia emerging as its strongest international markets.The company also said international operations contributed about a quarter of its revenue in 2025-26 and helped it become the world's third-largest two-wheeler manufacturer by annual volumes.In the domestic market, meanwhile, Hero MotoCorp retained its leadership position with sales of 502,890 units, although domestic volumes fell 4.2% from a year earlier. Honda stayed at the second spot with domestic sales of 468,956 units, up 21%, while TVS sold 411,014 units in India, registering a 46% increase. TVS' total sales of 565,417 taken for the comparison exclude moped sales, since Hero MotoCorp and Honda are not present in the segment.