Two-wheelers are very popular and are the most common mode of transport in India. Bike manufacturers launch several two-wheelers every year across different price segments.
Motorcycles under Rs.1.5 lakh are very popular among youngsters. Yamaha, Suzuki, Honda, and TVS are some of the manufacturers that have bikes that cost less than Rs.1.5 lakh.
Bike | Mileage | Ex-showroom price |
Hero Splendor Plus | 80.6 kilometres per litre | Rs.76,306 lakh onwards |
50 kilometres per litre | Rs.76,684 lakh onwards | |
TVS Apache RTR 160 | 47 kilometres per litre | Rs.1.20 lakh onwards |
TVS Raider | 71.94 kilometres per litre | Rs.84,689 onwards |
Honda SP 125 | 60 kilometres per litre | Rs.86,474 onwards |
45 kilometres per litre | Rs.79,900 onwards | |
Bajaj Pulsar 125 | 51.46 kilometres per litre | Rs.81,843 onwards |
Bajaj Pulsar 150 | 47.5 kilometres per litre | Rs.1.11 lakh onwards |
TVS Apache RTR 160 4V | 47.61 kilometres per litre | Rs.1.25 lakh onwards |
Honda Shine | 55 kilometres per litre | Rs.80,250 onwards |
You can select one of the above-mentioned bikes if you are looking for a two-wheeler that costs less than Rs.1.5 lakh. Most banks and Non-Banking Financial Companies (NBFCs) offer two-wheeler loans at attractive interest rates. However, it is important that you compare different lenders before opting for a loan. You can use BankBazaar's two-wheeler loan EMI calculator if you wish to know the monthly payments. The calculator is easy to use and accurate results are displayed.
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