Top 10 Cheapest Bike in India for 2024: Affordable Options for Every Rider

Finding an affordable bike that doesn’t compromise on quality can be a game-changer, especially for those looking to save on transportation costs. In India, where two-wheelers are a popular choice due to their convenience and fuel efficiency, the demand for budget-friendly options is ever-growing. Whether you’re a student, a first-time rider, or simply someone looking for a cost-effective commuting solution, there are plenty of choices available. This guide will walk you through the top 10 cheapest bikes in India for 2024, helping you make an informed decision that fits both your needs and budget.

Criteria for Selecting the Cheapest Bikes

When it comes to selecting the cheapest bike in India, several key factors come into play to ensure that you’re getting the best value for your money. Here’s a closer look at the criteria considered:

1. Price: The primary consideration for a budget bike is its price. We focus on models that offer the lowest cost without compromising essential features and performance.
2. Features: Even budget-friendly bikes should offer a range of features that enhance comfort and usability. We assess bikes based on their essential features, such as fuel efficiency, safety features, and additional conveniences.
3. Performance: A cheap bike should still deliver reliable performance. This includes evaluating the engine capacity, power output, and overall ride quality to ensure that it meets basic performance standards.
4. Maintenance Costs: Long-term affordability also depends on the maintenance costs. We consider the cost of spare parts, service frequency, and general upkeep to gauge how economical the bike will be over time.

Balancing cost with quality and reliability is crucial. While aiming for the lowest price, it’s important to ensure that the bike doesn’t sacrifice essential aspects like durability and performance. A bike that offers a good balance between these factors will not only be affordable upfront but also economical in the long run.

Top 10 Cheapest Bikes in India for 2024

Bike 1: Hero HF 100

• Price Range: ₹60,000 – ₹65,000
• Key Features:
  • 97.2cc air-cooled engine
  • Comfortable seat
  • Economical fuel consumption
• Performance Overview:
  • The HF 100 offers a smooth and reliable ride with a focus on fuel efficiency. It’s ideal for city commuting and short trips.
• Pros and Cons:
  • Pros: Affordable price, low maintenance, good fuel efficiency
  • Cons: Basic features, limited power for long rides

Bike 2: Bajaj CT 100

• Price Range: ₹65,000 – ₹70,000
• Key Features:
  • 102cc engine
  • Dual-tone graphics
  • Long seat for added comfort
• Performance Overview:
  • Known for its robustness and durability, the CT 100 provides a reliable ride with decent performance and excellent mileage.
• Pros and Cons:
  • Pros: Durable, excellent mileage, comfortable
  • Cons: Limited features, basic design

Bike 3: Bajaj CT 110X

• Price Range: ₹70,000 – ₹75,000
• Key Features:
  • 115cc engine
  • Rugged design with alloy wheels
  • Enhanced suspension
• Performance Overview:
  • The CT 110X is designed for rough roads and provides a sturdy ride with a bit more power compared to other budget bikes.
• Pros and Cons:
  • Pros: Robust build, good for rough terrain, decent power
  • Cons: Higher price compared to similar models

Bike 4: Hero HF Deluxe

• Price Range: ₹70,000 – ₹75,000
• Key Features:
  • 97.2cc engine
  • Attractive design with stylish graphics
  • Good fuel efficiency
• Performance Overview:
  • The HF Deluxe combines style with practicality, offering a comfortable ride and efficient fuel consumption.
• Pros and Cons:
  • Pros: Stylish design, reliable, good mileage
  • Cons: Limited features, basic performance

Bike 5: TVS Radeon

• Price Range: ₹75,000 – ₹80,000
• Key Features:
  • 109.7cc engine
  • Retro design with modern features
  • Comfortable suspension
• Performance Overview:
  • The Radeon provides a blend of classic styling and modern comfort, making it a great choice for daily commuting.
• Pros and Cons:
  • Pros: Unique design, comfortable ride, good mileage
  • Cons: Slightly higher price, basic features

Bike 6: TVS Sport

• Price Range: ₹70,000 – ₹75,000
• Key Features:
  • 99.7cc engine
  • Sporty design
  • Economical fuel consumption
• Performance Overview:
  • The TVS Sport offers a sporty look while maintaining practicality for daily use, with good fuel efficiency and performance.
• Pros and Cons:
  • Pros: Sporty design, affordable, good fuel economy
  • Cons: Basic features, limited power

Bike 7: Bajaj Platina 110

• Price Range: ₹80,000 – ₹85,000
• Key Features:
  • 115cc engine
  • Comfortable long seat
  • Enhanced suspension
• Performance Overview:
  • The Platina 110 provides a smooth and comfortable ride with a focus on long-distance comfort and durability.
• Pros and Cons:
  • Pros: Comfortable ride, good suspension, durable
  • Cons: Higher cost, basic features

Bike 8: Honda CD 110 Dream

• Price Range: ₹75,000 – ₹80,000
• Key Features:
  • 109.51cc engine
  • Modern design with stylish graphics
  • Comfortable seat
• Performance Overview:
  • The CD 110 Dream combines style with practicality, offering a reliable ride with efficient fuel consumption.
• Pros and Cons:
  • Pros: Stylish, reliable, good mileage
  • Cons: Slightly higher price, basic features

Bike 9: Hero Splendor Plus

• Price Range: ₹80,000 – ₹85,000
• Key Features:
  • 97.2cc engine
  • Classic design with modern touches
  • Excellent fuel efficiency
• Performance Overview:
  • The Splendor Plus is known for its reliability and fuel efficiency, making it a popular choice among budget-conscious riders.
• Pros and Cons:
  • Pros: Reliable, great mileage, classic design
  • Cons: Higher cost, limited features

Bike 10: Honda Shine

• Price Range: ₹85,000 – ₹90,000
• Key Features:
  • 124cc engine
  • Premium design and features
  • Smooth ride quality
• Performance Overview:
  • The Honda Shine offers a balance of style and performance, providing a smooth and powerful ride with good fuel efficiency.
• Pros and Cons:
  • Pros: Premium feel, good performance, comfortable ride
  • Cons: Higher price, more expensive maintenance

List of Top Bikes in India in 2024

*Prices are approximate and may vary based on location.

Comparative Analysis

When comparing the top budget bikes in India, several models stand out for their price, features, and overall value. Here’s a breakdown of the top models, helping different types of riders find the best fit.

1. Hero HF Deluxe

• Price: ₹55,000 – ₹65,000 (approx.)
• Features: 97.2cc engine, i3S technology for better fuel efficiency, kick and electric start options.
• Overall Value: Hero HF Deluxe is a top choice for commuters due to its low price and excellent mileage (65-70 km/l). It’s ideal for those seeking reliability and low maintenance.

2. Bajaj CT 110X

• Price: ₹59,000 – ₹65,000 (approx.)
• Features: 115cc engine, semi-knobby tyres for better grip, sturdy build, high ground clearance.
• Overall Value: Bajaj CT 110X is perfect for riders who need a rugged bike for mixed urban and rural roads. It’s highly durable and offers great performance at a budget price.

3. TVS Sport

• Price: ₹60,000 – ₹66,000 (approx.)
• Features: 109.7cc engine, best-in-class mileage of up to 76 km/l, attractive design.
• Overall Value: TVS Sport is ideal for students and daily commuters, offering the best fuel economy in its class and a stylish appearance that appeals to younger riders.

4. Honda CD 110 Dream

• Price: ₹66,000 – ₹72,000 (approx.)
• Features: 109.51cc engine, silent start system, smooth ride quality, reliable brand backing.
• Overall Value: Known for its smooth engine and hassle-free ownership, the Honda CD 110 Dream is suitable for city commuting and those seeking long-term reliability.

5. Hero Splendor Plus

• Price: ₹70,000 – ₹75,000 (approx.)
• Features: 97.2cc engine, i3S technology, classic design with modern touches.
• Overall Value: Hero Splendor Plus continues to be a favourite among Indian commuters. It’s perfect for those who prioritize fuel efficiency and low maintenance, with Hero’s trusted service network.

Best Options for Different Riders:

• For Commuters: Hero HF Deluxe and TVS Sport are the best options, offering excellent mileage and low maintenance costs, ideal for daily use.
• For Students: TVS Sport stands out for its sporty design and impressive fuel efficiency, making it a cost-effective and stylish choice for young riders.
• For Rural Riders: Bajaj CT 110X is the best for those navigating rough or mixed terrains due to its durable build and strong tyres.
• For Long-term Reliability Seekers: Honda CD 110 Dream is the top pick, providing smooth performance and Honda’s renowned reliability for extended use.

In this comparative analysis, all the models deliver exceptional value for money, but the choice depends on individual needs—whether it’s mileage, durability, or style.

Tips for Buying a Budget-Friendly Bike

When you’re in the market for a budget-friendly bike, finding the right balance between affordability and quality is key. Here are some essential tips to consider:

1. Check the Engine Capacity and Performance: Ensure that the bike’s engine capacity meets your daily commuting needs. A smaller engine (100-125cc) might suffice for city rides, but if you need more power for longer distances, consider a bike with higher capacity.
2. Fuel Efficiency: One of the major advantages of affordable bikes is their fuel efficiency. Look for models that offer high mileage to help you save on fuel costs in the long run.
3. Durability and Build Quality: While shopping for a cheaper bike, don’t compromise on durability. Inspect the build quality of the bike and ensure it can withstand daily wear and tear. Cheaper doesn’t always mean less durable if you choose wisely.
4. Maintenance Costs: Research the bike’s maintenance frequency and the availability of spare parts in your area. A budget-friendly bike with high maintenance costs could defeat the purpose of buying it. Stick to brands known for their low-cost servicing and easily available parts.
5. After-Sales Service and Warranty: A good after-sales service network is crucial for budget bikes. Ensure that the bike manufacturer has service centers near your location. Also, opt for models with a solid warranty to safeguard your purchase against potential defects.
6. Test Ride the Bike: Always take a test ride before making a final decision. This will give you a feel of the bike’s comfort, handling, and overall ride quality. Pay attention to seat height, suspension, and ergonomics to ensure that the bike suits your body type and riding style.
7. Resale Value: Consider the resale value of the bike, especially if you plan to upgrade in the future. Some budget-friendly models hold their value well in the second-hand market.

By keeping these factors in mind, you can make an informed decision and find a budget-friendly bike that offers the best combination of price, performance, and reliability.

Financing and Loan Options

When buying a budget-friendly bike, financing can play a crucial role in making your purchase more affordable. Many banks and financial institutions offer two wheeler loans with competitive interest rates, flexible repayment options, and minimal documentation. Here’s an overview of the financing options you can explore:

Common Financing Options:

1. Bank Loans: Most nationalized and private banks in India offer two-wheeler loans. These loans typically cover 85% to 100% of the bike’s on-road price, allowing you to pay in easy EMIs.
2. Non-Banking Financial Companies (NBFCs): NBFCs provide two-wheeler loans with more relaxed eligibility criteria, making them a great option if you don’t qualify for a bank loan.
3. Dealer Financing: Many bike dealerships have tie-ups with banks and NBFCs, allowing you to get financing directly at the showroom. This often speeds up the process and can come with additional discounts or special offers.
4. Credit Card EMI: Some banks offer the option to convert your credit card payment into EMIs, which can be a convenient way to finance your bike.

Tips for Getting the Best Two-Wheeler Loan Rates:

1. Compare Interest Rates: Always compare interest rates from multiple lenders to get the best deal. Look for special offers, especially during festive seasons.
2. Check Your Eligibility: Maintain a good credit score to qualify for lower interest rates. A score above 750 is generally considered good.
3. Negotiate with the Dealer: If you’re financing through the dealership, don’t hesitate to negotiate both the bike price and loan terms.
4. Opt for a Shorter Loan Tenure: While longer tenures mean lower monthly EMIs, you’ll end up paying more interest. Choose a tenure that balances affordability and interest savings.
5. Prepayment Options: Look for loans with flexible prepayment options so you can pay off the loan early without incurring extra charges.

Financing a bike through a loan allows you to manage your expenses better and makes owning a bike more accessible. Just make sure to carefully review the terms before committing to any loan.

Conclusion

Choosing the right bike from the many affordable options available in India can be overwhelming, but by focusing on the balance between price, performance, and reliability, you can make a smart choice. The top 10 cheapest bikes in India for 2024 offer excellent value for money, making them ideal for daily commuting, short trips, or even long rides for budget-conscious individuals.

Whether you’re prioritizing fuel efficiency, low maintenance costs, or specific features, there’s a bike on this list for everyone. It’s essential to consider your personal riding needs, test the models you’re interested in, and ensure that the bike you pick complements your lifestyle and budget.

FAQs About Cheapest Bike in India

What is the cheapest bike in India for 2024? The title for the cheapest bike in India for 2024 is often held by entry-level commuter bikes. As of now, models like the Hero HF Deluxe and Bajaj CT 100 are among the most affordable options available.

How can I find budget-friendly bikes with good performance? To find budget-friendly bikes with good performance, focus on brands known for reliability and low maintenance costs, such as Hero, Bajaj, and TVS. Comparing models based on mileage, engine efficiency, and after-sales service can help identify a good value-for-money bike.

Are there any government schemes for buying affordable bikes? Yes, there are schemes like the Pradhan Mantri Mudra Yojana that offer financial assistance for purchasing two-wheelers, particularly for rural areas and small businesses. Various state governments may also offer subsidies for electric two-wheelers.

What should I consider when buying a low-cost bike? When buying a low-cost bike, consider the following:

• Mileage and fuel efficiency
• Maintenance and service network
• Resale value
• Durability and comfort for daily commuting
• Warranty and after-sales service

Which is the lowest price bike in India?

The Bajaj CT 100 and Hero HF Deluxe are currently among the lowest-priced bikes in India, often priced around ₹50,000 to ₹60,000 (ex-showroom).

Which bike is No. 1 in India? In terms of sales and popularity, the Hero Splendor consistently ranks as the No. 1 bike in India due to its affordability, durability, and fuel efficiency.

Which bike comes under ₹50,000? Bikes like the Bajaj CT 100 and TVS XL100 fall under ₹50,000, making them excellent choices for budget-conscious buyers.

Cheapest bike in India 2024? For 2024, the cheapest bikes continue to be models like Bajaj CT 100, Hero HF Deluxe, and TVS XL100, which are highly affordable yet reliable for everyday use.

Cheapest bike in India under 1 lakh? Many models fall under ₹1 lakh, such as the Hero Splendor, Honda Shine, and TVS Star City. These bikes offer excellent performance at an affordable price point.

Cheapest bike in India with best mileage? The Bajaj Platina 100 is one of the cheapest bikes in India with outstanding mileage, offering up to 75-80 km/l, making it a great option for those seeking fuel efficiency.

Top 10 cheapest bikes in India?

• Bajaj CT 100
• Hero HF Deluxe
• TVS XL100
• Bajaj Platina 100
• TVS Sport
• Hero Splendor Plus
• Honda CD 110 Dream
• Bajaj Discover 110
• Honda Shine
• TVS Star City Plus

Top 10 bikes in India?

• Hero Splendor Plus
• Bajaj Pulsar 150
• TVS Apache RTR 160
• Honda Shine
• Bajaj Platina 100
• Royal Enfield Classic 350
• Yamaha FZ S FI
• Honda CB Shine SP
• Hero Glamour
• Suzuki Access 125

Cheapest bike in India on road price? The Bajaj CT 100 and Hero HF Deluxe typically have the lowest on-road prices, ranging from ₹50,000 to ₹65,000 depending on the location and variant.

Cheapest bike in India under ₹50,000? The TVS XL100 and Bajaj CT 100 are two of the cheapest bikes under ₹50,000, known for their affordability and low running costs.

Top 10 bikes in India with price?

• Hero Splendor Plus – ₹72,000 (approx.)
• Bajaj Pulsar 150 – ₹1,04,000 (approx.)
• TVS Apache RTR 160 – ₹1,15,000 (approx.)
• Honda Shine – ₹78,000 (approx.)
• Bajaj Platina 100 – ₹60,000 (approx.)
• Royal Enfield Classic 350 – ₹2,00,000 (approx.)
• Yamaha FZ S FI – ₹1,17,000 (approx.)
• Hero Glamour – ₹79,000 (approx.)
• Suzuki Access 125 – ₹80,000 (approx.)
• TVS Jupiter – ₹75,000 (approx.)