Upcoming Bikes in India Under ₹1 Lakh in 2024

Affordable bikes are always in demand in the Indian market. So, if you are on a budget and looking for upcoming bikes in India under ₹1 lakh, you can consider the list below. Read on to find an assorted list of upcoming bikes from various manufacturers, specifications, and expected prices.

Also, if you are planning to get a bike, it is mandatory to have bike insurance as per the Motor Vehicles Act of 1988. It also covers losses against theft, accidents, traffic fines, and damage to the bike so that you can ride with peace of mind.

Bikes under ₹1 Lakh price bracket are among the most demanded due to their value for money. Hence, for ease of understanding these two-wheelers, here is the list of the top 9 upcoming bikes under ₹1 lakh.

1. Everve EF1 | Expected Launch Date: May 2024

Everve EF1 is an electric scooter that is one of the most awaited upcoming bikes in India 2024 under ₹1 lakh. The manufacturer claims that the performance and features of this bike will be premium quality and likely to compete with Ather 450X. This vehicle will come in two motor options: 3 kW and 5 kW.

Key Specifications:

• Expected Starting Price: ₹90,000
• Top Speed: 90 kmph
• Motor Power: 3300 W
• Motor Type: BLDC
• Fuel Type: Electric
• Battery Capacity: 4.2 kWh
• ABS: Single Channel

2. Hero Electric AE-75 | Expected Launch Date: June 2024

Hero has a range of electric scooters lined up for Indian markets. The Hero Electric AE-75 is displayed at Auto Expo 2020. As per Hero, the bike can travel 80 km at full charge. This bike will directly compete with the Techo Electra Raptor, Ola S1 X, and Ather 450S.

Key Specifications:

• Expected Starting Price: ₹80,000
• Top Speed: 55 kmph
• Motor Power: Not disclosed
• Motor Type: Not disclosed
• Fuel Type:  Electric
• Battery Capacity: Not disclosed
• ABS: Not disclosed

3. Revolt Motors RV1 | Expected Launch Date: June 2024

Revolt Motors RV1 is an upcoming model with anticipated beneficial features. The model is cheaper than its predecessors. In addition, the model will have a removable battery, so the speed range of this model can be changed. 

Key Specifications:

• Expected Starting Price: ₹85,000
• Top Speed: Not disclosed
• Motor Power: 1500 W 
• Motor Type: Hub motor
• Fuel Type: Electric
• Battery Capacity: Not disclosed
• ABS: Not disclosed

4. Vespa Elettrica | Expected Launch Date: June 2024

This two-wheeler was first showcased at Expo 2020. The underpinnings of this model are relatively equivalent to its petrol counterpart and include a single rear shock absorber and a trailing link front suspension. Additionally, Elettrica sports a TFT screen, LED lighting system, and other features.

Key Specifications:

• Expected Starting Price: ₹90,000
• Top Speed: 70 kmph
• Motor Power: 3600 W
• Maximum torque: 200 Nm
• Motor Type: DC Motor
• Fuel Type:  Electric
• Battery Capacity: Not disclosed  
• ABS: Not disclosed

5. Hero Electric AE-8 | Expected Launch Date: July 2024

Hero AE- 8 was unveiled at the 2020 Auto Expo. The company has not yet revealed the full specs, but it did disclose that the AE-8 can clock a top speed of 45 kmph and has a range of 80 km with a full charge. It also sports a fully digital instrument console and an LED headlight. Further, the front apron appears to have a unique honeycomb backlit design in blue.

Key Specifications:

• Expected Starting Price: ₹70,000
• Top Speed: 45 kmph
• Motor Power: Not disclosed
• Motor Type: Not disclosed
• Fuel Type:  Electric
• Battery Capacity: Not disclosed
• ABS: Not disclosed

6. Honda Activa 7G | Expected Launch Date: October 2024

This new electric scooter from Honda is an upcoming one in India. The model will have an efficient BS6 engine system and all digital panels, suspension of nodal spring at the back, hybrid switch, etc. Further, Anticipators expect the model to come with many other advanced features; however, the company has not disclosed them yet.

Key Specifications:

• Expected Starting Price: ₹79,000
• Top Speed: 85 kmph
• Motor Power: 7.75 PS
• Motor Type: 8.84 Nm
• Fuel Type: Not disclosed
• Battery Capacity: Not disclosed
• Suspension: Telescopic fork (Front), Preload Adjustable Monoshock (Rear)

7. Liger X | Expected Launch Date: November 2024

Liger X will be another great inclusion in the list of upcoming bikes under ₹1 lakh in India 2024. This electric model will have a beautiful, sporty design and power-packed features. Further, the model will have a lithium-ion battery with efficient, fast charging capacity. The model can get the charge for a whole day within a minimum of 4.5 hours. 

Key Specifications:

• Expected Starting Price: ₹90,000
• Top Speed: 65 kmph
• Motor Power: Not disclosed
• Motor Type: Not disclosed
• Fuel Type:  Electric
• Battery Capacity: Not disclosed
• ABS: Not disclosed

8. TVS Fiero 125 | Expected Launch Date: January 2025

One of the upcoming bikes in 2024 under ₹1 lakh is TVS Fiero 125. The bike sports a single-cylinder air-cooled, fuel-injected, three-valve engine with a 5-speed gearbox. Further, underpinnings include a telescopic front fork and back mono-shock absorbers for comfort. It also features a front disc and rear drum brake.

Key Specifications:

• Expected Starting Price: ₹80,000
• Engine Displacement: 125cc
• Top Speed: Not disclosed  
• Maximum Power: 11.38 PS @ 7500 RPM
• Maximum Torque: 11.2Nm @ 6000 RPM
• Fuel Type:  Petrol
• Emission Type: BS6
• Suspension: Telescopic Fork (Front), Shock Absorbers (Rear)
• ABS: Not disclosed

9. Hero Xoom 125 | Expected Launch Date: Not yet announced

Hero Xoom 125 is a scooter with a starting price of ₹90,000. It is available in India in 1 variant as of now. A 125cc bs6-2.0 engine powers Xoom 125. It has front brakes and rear brakes.

Key Specifications:

• Expected Starting Price: ₹90,000
• Top Speed: Not disclosed
• Engine Displacement: 125cc
• Motor Power: Not disclosed
• Motor Type: Not disclosed
• Fuel Type:  Petrol
• Battery Capacity: Not disclosed
• Suspension: Telescopic fork (Front), Monoshock (Rear)
• ABS: Not disclosed

Hence, it is evident that most upcoming bikes in India under ₹1 lakh are electric and provide excellent value for money. Two other bikes, the TVS Fiero 125 and Hero Xoom 125, are expected to launch in late 2024 and early 2025.

Also, it is advisable to obtain third-party bike insurance coverage to ensure financial security in case of a mishap.