Best Bikes Under ₹2 Lakh in India: On-Road Prices and EMI Guide
256 bikes qualify. Only one is right for you.
The under-₹2 lakh segment is India's most crowded, daily commuters, weekend tourers, aggressive sport riders, and off-road adventurers all share the same budget ceiling. Most "best bikes" lists pile everything together and leave you more confused than when you started.
This guide is different. Find your rider type, go to that section, get your answer. We've also included real on-road prices (not ex-showroom), EMI estimates, and a loan comparison guide at the end, because most buyers in this segment finance at least part of the purchase.
Find Your Section: Rider Type Matrix
Before You Read: Ex-Showroom ≠ What You Pay
Every price in this guide is on-road, the actual amount you pay at the dealership. All on-road prices are for Delhi, July 2026, and include:
Ex-showroom price
RTO registration and road tax (8–12% depending on engine size and state)
First-year comprehensive insurance
Dealer handling charges (₹1,500–3,500)
The gap is significant. A bike with ₹1.64 lakh ex-showroom price reaches ₹1.88–1.95 lakh on-road in Delhi. Mumbai and Bangalore are typically ₹8,000–15,000 higher.
Always ask for on-road prices before comparing.
Best Commuter Bikes Under ₹2 Lakh (Mileage First)
If you ride 25–60 km daily in city traffic and fuel efficiency is your north star, these win.
Honda SP125
On-road Delhi: ₹95,000–1,05,000 | Mileage: 60+ kmpl | Engine: 124cc
Honda's refinement in this class is unmatched. The SP125 is smooth, quiet, and returns real-world 55–62 kmpl in mixed riding, better than most bikes claiming 70 kmpl. Brakes are responsive. The seat is comfortable for 45-minute daily commutes. The CBS (Combined Braking System) base variant at ₹97,000 is the safest starting point.
Best for: Daily commuters upgrading from scooter to motorcycle. First proper bike buyers. Skip if: You want weekend performance or plan highway runs regularly.
Hero Splendor Plus
On-road Delhi: ₹80,000–88,000 | Mileage: 70+ kmpl | Engine: 97.2cc
The Hero Splendor Plus wins on mileage and value for anyone whose primary concern is the lowest running cost possible. Legendary reliability. Parts available in every town. Service cost under ₹1,500 annually. Nothing about it excites, which is precisely why it's India's highest-selling motorcycle for two decades running.
Best for: Maximum fuel economy, budget-first buyers, tier-2/tier-3 city riders. Skip if: You want anything beyond basic transportation.
Bajaj Pulsar 150 (2026 version)
On-road Delhi: ₹1,20,000–1,28,000 | Mileage: 45–50 kmpl | Engine: 149.5cc
The Bajaj Pulsar 150 created India's performance commuter segment, and the 2026 version is its best iteration yet, twin disc brakes, a punchy 150cc engine, and styling that still turns heads 20+ years after the original launch. Best pick if you want both daily commuting capability and a sporty ride home.
Best for: Riders wanting commuter + sporty without paying ₹1.5L +.
💡 Finance this bike: ₹1.28L on-road → 24-month EMI approximately ₹5,900 at 10% rate. Compare two-wheeler loans on PaisaOne.
Best Cruiser Bikes Under ₹2 Lakh
Style, highway comfort, and that signature exhaust note, the sub-₹2 lakh cruiser segment is surprisingly strong in 2026.
Royal Enfield Bullet 350, Our Pick for Long Rides Too
On-road Delhi: ₹1,90,384 | Mileage: 35–40 kmpl | Engine: 349cc, 20.4 PS
The Bullet 350 is appropriate for riders looking for the best Royal Enfield under ₹2 lakh with retro look and the best thumping sound. This classic motorcycle has been in production since 1932 and won the hearts of Indian motorists. The 2026 BS6 version is significantly more refined than its predecessors, smoother idle, better fuel economy, quieter mechanicals. Torquey at low speeds. 13-litre tank makes it capable of 450+ km range per fill.
Best for: Highway touring, long weekend rides, retro style, experienced riders. Trade-off: Heavier than modern bikes at the same price. City manoeuvrability takes getting used to.
💡 Finance this bike: On-road ₹1.90L → 36-month EMI approximately ₹6,100 at 10% rate. 20% down payment = ₹38,000 upfront. Compare RE Bullet loans on PaisaOne.
Royal Enfield Meteor 350, Best Cruiser Overall
On-road Delhi: ~₹1,99,000 | Mileage: 36–40 kmpl | Engine: 349cc
The Meteor is the Bullet 350's more relaxed sibling, wider handlebars, lower seating, more relaxed cruiser geometry designed for extended highway comfort. Tripper navigation pod is a genuinely useful feature on long rides. Cruiser bikes are primarily designed for long rides, equipped with comfortable seats even for the pillion, accessible seat height, and big fuel tanks to cover longer distances. The Meteor delivers all of this at ₹1.99L on-road.
Best for: True cruiser enthusiasts, long-weekend riders, pillion comfort priority.
TVS Ronin, Most Unique Pick
On-road Delhi: ₹1,27,000–1,45,000 | Mileage: 35–40 kmpl | Engine: 225cc
The TVS Ronin is arguably the hardest to categorise. It doesn't follow the traditional formula of a commuter, cruiser, or streetfighter, which is precisely why many riders find it appealing. This is the bike for riders who want to avoid the Royal Enfield crowd. Torquey 225cc engine, aggressive-yet-relaxed posture, Bluetooth connectivity, and a price significantly below RE alternatives.
Best for: Riders wanting cruiser character without the Royal Enfield premium.
Bajaj Avenger Street 160
On-road Delhi: ₹1,20,000–1,30,000 | Mileage: 40–45 kmpl | Engine: 160cc
The most accessible cruiser in this list. Low seat height (710mm) suits shorter riders. Highway weekend rides are comfortable. For budget-conscious riders who want cruiser aesthetics, it's the entry point.
Best for: Shorter riders, budget cruiser seekers, entry into the style segment.
Read More: Best Cars Under 10 Lakhs in India 2026
Best Bikes for Long Rides Under ₹2 Lakh
The Bullet 350 (above) is the top pick for pure long-distance touring. The following add strong alternatives:
Honda CB200X, Adventure-Touring Posture on a Budget
On-road Delhi: ₹1,55,000–1,65,000 | Mileage: 40–45 kmpl | Engine: 184.4cc
The Honda CB200X caters to buyers who want the commanding riding position and adventure touring experience without the weight and price of a full ADV motorcycle. USB charging, upright ergonomics, Honda reliability, and 10,000 km service intervals make it the practical touring pick for riders who value comfort and low maintenance.
Best for: Highway weekend riders, mixed terrain light touring, Honda loyalists.
Royal Enfield Hunter 350, Lighter Tourer for First-Time RE Buyers
On-road Delhi: ₹1,51,000–1,65,000 | Mileage: 36–40 kmpl | Engine: 349cc
The Hunter 350 is one of the few two-wheelers under ₹2 lakh that delivers the unmistakable Royal Enfield experience without the size and weight typically associated with the brand. Its compact dimensions make it considerably easier to manoeuvre in city traffic while retaining the signature exhaust note.
Best for: First-time RE buyers, city + highway combined use, riders who want touring capability with city usability.
💡 Finance this bike: On-road ₹1.65L → 24-month EMI approximately ₹7,600 at 10%. Compare loans on PaisaOne.
Best Adventure Bikes Under ₹2 Lakh
Hero XPulse 200, Best True Off-Roader Under ₹2L
On-road Delhi: ₹1,45,000–1,62,000 | Mileage: 40–45 kmpl | Engine: 199.6cc
Long-travel suspension, spoke wheels (tubeless-compatible), rally-spec accessories ecosystem, and legitimate off-road capability make the XPulse the go-to for trail riders. Hero's service network means you're never stranded even in smaller towns. The best adventure bike under ₹2 lakh if you intend to actually go off-road.
Best for: Weekend trail riders, mixed-terrain adventurers, riders who want genuine off-road ability.
Best Sports Bikes Under ₹2 Lakh
Yamaha R15 V4, Best Sport Bike in Segment
On-road Delhi: ₹1,98,494 | Mileage: 45 kmpl | Engine: 155cc, 18.4 PS
The Yamaha R15 V4 at ₹1,98,494 on-road is the most technically advanced motorcycle under ₹2 lakh in India. VVA (Variable Valve Actuation), quickshifter on top variant, full-faired aerodynamics, and a riding position designed for track use. Nothing else at this price delivers this level of engineering. Trade-off: uncomfortable in heavy traffic, small tank, aggressive crouch.
Best for: Performance enthusiasts, riders with track aspirations, those who ride primarily on open roads.
Bajaj Pulsar NS200
On-road Delhi: ₹1,60,000–1,72,000 | Mileage: 35–40 kmpl | Engine: 199.5cc, 24.5 PS
Liquid-cooled 200cc engine in a naked street package. More comfortable than the R15 for daily use, more powerful than the R15 by raw numbers. NS200 is the choice when you want performance you can live with every day.
Best for: Daily performance riders, highway sprinters, riders who need power + practicality.
💡 Finance this bike: ₹1.72L on-road → 36-month EMI approximately ₹5,500 at 10%. Compare personal loans and two-wheeler loans on PaisaOne.
How to Finance Your Bike Under ₹2 Lakh
Most buyers in the ₹1.5–2L segment finance their bike. Two options:
Option 1: Two-Wheeler Loan (Best Rate)
Rate: 8–12% p.a.
Down payment: 10–20% of on-road price
Tenure: 12–48 months
Best for: CIBIL 700+, salaried or self-employed with income proof
Example: RE Bullet 350, ₹1.90L on-road, 20% down (₹38,000), loan ₹1.52L → 36-month EMI: ₹4,900 at 9.5%
Option 2: Personal Loan (No Down Payment)
Rate: 11–16% p.a.
Down payment: ₹0 (funds full on-road price)
Tenure: 12–60 months
Best for: CIBIL 680+, need full funding fast, no RTO wait for loan
Example: ₹1.90L personal loan → 24-month EMI: ₹9,100 at 13%
EMI Quick Reference (Top 5 Bikes)
EMIs are estimated at 10% p.a. on full loan amount. Actual EMI depends on lender rate, down payment, and tenure.
Compare two-wheeler loan and personal loan rates from HDFC, Bajaj Finance, SBI, Axis, Kotak and 45+ more lenders on PaisaOne. Soft inquiry, zero CIBIL impact when checking.
FAQ
Q: What is the best bike under ₹2 lakh in India in 2026?
For commuting: Honda SP125. For long rides: RE Bullet 350. For cruising: RE Meteor 350. For adventure: Hero XPulse 200. For sport: Yamaha R15 V4. The most popular picks by sales are the Royal Enfield Bullet 350 (₹1,90,384), Yamaha R15 V4 (₹1,98,494), and TVS Apache RTR 160 (₹1,35,886), all on-road prices.
Q: What is the on-road price of the RE Bullet 350?
Royal Enfield Bullet 350 on-road price in Delhi is approximately ₹1,90,384 as of July 2026. Mumbai and Bangalore are typically ₹10,000–15,000 higher due to road tax structure.
Q: Which bike under ₹2 lakh is best for long rides?
RE Bullet 350 for pure touring comfort and range. RE Hunter 350 for lighter long-ride capability. Honda CB200X for ADV-posture highway touring. All three handle 300–500 km days comfortably.
Q: Can I get a loan for a bike under ₹2 lakh?
Yes. Two-wheeler loans start at 8% p.a. from SBI, HDFC, and Bajaj Finance covering 80–90% of on-road price. Personal loans (11–16% p.a.) cover 100% with no down payment, approved in 24–48 hours. Compare both on PaisaOne, no CIBIL impact on eligibility check.
Q: What's the best adventure bike under ₹2 lakh?
Hero XPulse 200 (₹1.45–1.62L on-road) for genuine off-road use. Honda CB200X (₹1.55–1.65L on-road) for adventure styling with highway-first practicality.
Q: Is a two-wheeler loan or personal loan better for buying a bike?
Two-wheeler loan if CIBIL 700+, lower rate (8–12%), lower EMI. Personal loan if you need full funding fast, no down payment, or CIBIL 680–699. Compare both simultaneously on PaisaOne before visiting the dealership.
Divya
Divya Kumari is an SEO & Content Strategist with experience in organic traffic growth, topical authority building, and content-led SEO strategies. She specializes in creating user-focused content for finance and SaaS websites, helping brands improve visibility through structured content planning, internal linking, and search optimization techniques.
