Did you know that two-wheeler sales in India reached a whopping 18 million units in FY 2024? India's two-wheeler market is booming, offering a diverse selection of stylish, high-performance, and fuel-efficient bikes priced under ₹1 lakh. These models cater to a wide variety of needs, from daily commutes to occasional long-distance rides, making them an optimal choice for budget-conscious riders seeking versatility and value.
In this blog, we’ll explore some of the newly launched bikes under 1 lakh, highlighting their attributes, features, and reasons for consideration.
List of Upcoming Bikes Under ₹1 Lakh
With the increasing demand for affordable yet powerful motorcycles, several manufacturers are preparing to launch exciting new models. These bikes blend performance, style, and value, providing an ideal option for budget-conscious riders who don’t want to compromise on quality.
Let’s get into the details about the upcoming bikes under 1 lakh.
1. Hero Destini 125
- Expected Price: ₹90,000 (approx., STC)
The Hero Destini 125 is set to return with a refreshed design and updated features in 2025. Priced around ₹90,000, the scooter is expected to offer a practical and stylish ride for daily commuters. The Destini 125 is known for smooth performance and reliability, and the new model is expected to carry forward the same legacy. This scooter is ideal for those who want an easy-to-maintain, reliable, fuel-efficient, and feature-packed ride.
2. Hero Xoom 125R
- Expected Price: ₹90,000 (approx., STC)
The Hero Xoom 125R, expected to be launched in early 2025 with a price tag of around ₹90,000, will cater to those seeking a sportier and more powerful 125cc ride. The vehicle is anticipated to offer impressive performance, paired with a sharp design that will appeal to young riders. It is an excellent choice for city riders looking for a balance between power and practicality for their daily commute.
3. Electric Liger X
The Electric Liger X is set to take the electric scooter market by storm. With an expected price of ₹90,000, this electric scooter will provide an affordable and eco-friendly option for commuters. It promises impressive performance and range, which makes it an exciting addition to the growing electric vehicle (EV) segment in India. Moreover, the Liger X is expected to be a game-changer for riders looking to switch to a more sustainable way of commuting without breaking the bank.
4. Honda Activa 7G
The Honda Activa 7G is one of the most anticipated upcoming bikes under 1 lakh in 2024. Priced at approximately ₹79,000, the Activa 7G will be an upgrade over the current model, featuring the latest technology and design tweaks. As one of the best-selling scooters in India, the Activa 7G is expected to continue the legacy of its predecessors with improved fuel efficiency, better ride quality, and enhanced features. The scooter is perfect for daily commuting and offers comfort, reliability and great value for money.
5. TVS Fiero 125
The TVS Fiero 125 is expected to be one of the most affordable 125cc bikes in the market. With an expected price of ₹80,000, the Fiero 125 is said to be a great value for money because of its affordability and great performance-packed features, especially for people purchasing a bike for the first time. Moreover, it is likely to feature a reliable engine, good fuel efficiency, and a comfortable ride, making it a solid choice for city commuting.
6. Electric Vespa Elettrica
The Vespa Elettrica is set to bring Italian style and electric power together in a unique and eco-friendly package. Although the launch date hasn't been confirmed yet, this electric scooter is expected to be priced around ₹90,000. The Vespa Elettrica promises to deliver the iconic Vespa experience with the added benefit of zero emissions. With electric vehicles becoming increasingly popular, the Elettrica will provide a stylish and sustainable alternative to traditional petrol scooters.
Conclusion
The Indian market in 2024 is brimming with exciting options for bikes under ₹1 lakh. From eco-friendly options like the Bajaj Freedom CNG to sporty choices like the Hero Xtreme 125R, buyers have a variety of models to suit their needs and preferences.
When choosing a bike, it is also important to secure it with a reliable insurance policy. Purchasing bike insurance online not only ensures financial protection in the event of damage but also covers theft and third-party liabilities. Invest in a comprehensive bike insurance plan to ride stress-free and enjoy your new two-wheeler to the fullest.
Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the Insurance industry and products. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.