Bikes under ₹1.5 lakh have always been one of the most demanded sections of the bike. Under this price range, several brands are launching new fantastic bike series. When buying a bike in India, securing bike insurance is crucial as it is mandated by the Motor Vehicles Act of 1988. It provides financial protection against accidents, theft, and damage, safeguarding your investment. 

Having bike insurance saves you from hefty traffic fines, licence suspension, and even legal trouble.  So, if you are looking for upcoming bikes in India 2024 under ₹1.5 lakh, you can find some of the best electric and fuel bikes in this section. Some of the top models are listed in this article below.

1. LML Moonshot | Expected Launch Date: March 2024

The LML Moonshot is an e-bike with pedals. However, it gives a top speed of 70 kmph. The model has premium hardware that includes a monoshock suspension setup and a USD fork. Further, the features include disc brakes at both ends.

Expected Ex-Showroom Price: Starting ₹1 Lakh

Key Specifications:

• Engine Displacement: Not disclosed
• Maximum Power: 14.3 kW @ 5250 rpm
• Maximum Torque: 28 Nm @ 4000 rpm
• ABS: Not disclosed
• Fuel Capacity: Not disclosed

2. Husqvarna Vitpilen 125 | Expected Launch: March 2024

The Husqvarna Vitpilen 125 is the smallest street bike launched by Husqvarna. The body consists of a suspended frame on an upside-down fork and preload adjustable monoshock. Further, it consists of features like LED lighting and LCD instrumentation.

Expected Ex-Showroom Price: Starting ₹1.35 Lakh

Key Specifications:

• Engine Displacement: 124cc
• Maximum Power: 14.5 PS @ 9250 RPM
• Maximum Torque: 12 Nm @ 8000 RPM
• ABS: Single Channel
• Fuel Capacity: 9.5 litres

3. Yamaha XSR125 | Expected Launch Date: March 2024

The Yamaha XSR 125 model is rumoured to be an upgrade in its series based on the design as well as the features. The model is still in its conceptual stages and is expected to have an aluminium muffler cover. Further, it will have an LCD instrument cluster along with MyRide smartphone connectivity.

Expected Ex-Showroom Price: Starting ₹1.35 Lakh

Key Specifications:

• Engine Displacement: 124cc
• Maximum Power: 14.9 PS @ 10000 RPM
• Maximum Torque: 14.5 Nm @ 8000 RPM
• ABS: Dual channel
• Fuel Capacity: 11 litres

4. TVS Fiero 125 | Expected Launch: March 2024

TVS Fiero is one of the best budget bikes in India. It can clock at 99 kmph and provides a mileage of 67 km per litre. The bike is rumoured to sport a premium naked look with availability in four colour variants.

Expected Ex-Showroom Price: Starting ₹80,000

Key Specifications:

• Engine Displacement: 125cc
• Maximum Power: 8.37 kW @ 7500 rpm
• Maximum Torque: 11.2 Nm @ 6500 rpm
• ABS: Not disclosed
• Fuel Capacity: 12 litres

5. EeVe Tesoro | Expected Launch Date: June 2024

The Eeve Tesoro is a powered-packed model in the list of budget bikes. Charging fully takes 3 to 4 hours and offers a range of 123 km after each charge. Further, the motorcycle can clock a speed of 90 to 100 mph. 

Expected Ex-Showroom Price: Starting ₹1 Lakh

Key Specifications:

• Engine Displacement: Electric
• Maximum Power: Not disclosed
• Maximum Torque: Not disclosed
• ABS: Not disclosed
• Battery Capacity: Not disclosed

6. Emote Electric Surge | Expected Launch Date: November 2024

The Emote Electric sports a boxy style. The battery takes 4 hours to charge fully, and it provides a range of 100 km after a full charge. Further, it can clock at a speed of 120 kmph. The bike also provides features like geo-fencing and customisable driving modes. 

Expected Ex-Showroom Price: Starting ₹1 Lakh

Key Specifications:

• Engine Displacement: Not disclosed
• Maximum Power: Not disclosed
• Maximum Torque: 28 Nm @ 2800 rpm
• ABS: Not disclosed
• Battery Capacity: 40 Ah/72 V

7. Eko Tejas E-Dyroth | Expected Launch Date: November 2024

The Eko Tejas has introduced its first high-speed e-bike, the Eko Tejas E-Dyroth. The bike is rumoured to sport a 4kW mid-drive motor and has a top speed of 100 kmph. The bike also has features like smartphone connectivity that enables point-to-point navigation. It also displays call notifications on the dashboard.

Expected Ex-Showroom Price: Starting ₹1.30 Lakh

Key Specifications:

• Riding Range: 130 to 140 km per charge
• Motor Power: 4 kW
• Maximum Torque: Not disclosed
• ABS: Not disclosed
• Battery Capacity: 72 V/60 Ah

8. Okinawa Oki100 | Expected Launch: December 2024

The Okinawa Oki100 is still in its conceptual stage. The idea of the model was launched at the 2018 Auto Expo. The bike is rumoured to offer a top speed of 120 kmph, and its performance can be compared to that of a 125 cc to 150 cc bike.

Expected Ex-Showroom Price: Starting ₹1 Lakh

Key Specifications:

• Engine Displacement: Not disclosed 
• Maximum Power: Not disclosed 
• Maximum Torque: Not disclosed
• ABS: Not disclosed
• Battery Capacity: Not disclosed

9. Hero Electric AE-47 E-Bike | Expected Launch Date: December 2024

The Hero Electric AE-47 Bike was introduced at the Auto Expo 2020. The model sports a compact, neo-retro design. It is packed with a 2kW electric hub motor and has a top speed of 85 kmph. In addition, it also has features like 2 ride modes, walk and reverse assist, cruise control, geo-fencing, etc. 

Expected Ex-Showroom Price: Starting ₹1 Lakh

Key Specifications:

• Engine Displacement: Not disclosed
• Maximum Power: Not disclosed
• Maximum Torque: Not disclosed 
• ABS: Not disclosed
• Battery Capacity: 3.5 kWh

10. Yamaha XSR155 | Expected Launch: December 2024

Yamaha has launched the 2021 XSR155 in Thailand, and it is expected to be in India in 2024. It has a retro body and is equipped with modern features such as a circular digital instrument console and LED lights. It has a liquid-cooled single-cylinder motor with a delta box frame, a USD fork and a mono-shock. Additionally, it has a digital speedometer, trip meter and tachometer. 

Expected Ex-Showroom Price: Starting ₹1.40 Lakh

Key Specifications:

• Engine Displacement: 155cc
• Maximum Power: 19.3 PS @ 10000 RPM
• Maximum Torque: 14.7 Nm @ 8500 RPM
• ABS: Single Channel
• Fuel Capacity: 10 litres

So, this is the detailed list of the top 10 upcoming bikes in India 2024 under ₹1.5 lakh. Higher variants of these bikes might be priced more, but for official pricing and details of the specifications, you might need to wait for their official release.

Also, to ensure the protection of your bike in the long run, opting for third-party bike insurance will be the perfect choice. In case of any unforeseen mishap due to a third-party property or person damaging your vehicle, you will get complete coverage with this insurance.