India is one of the largest two-wheeler markets in the world. In 2022, the market was estimated to be about USD 16,000 million in 2022, and this is slated to reach about USD 27,000 million by 2028. This growth is at an astounding CAGR of 9.88%. The introduction of electric motorcycles will amplify this growth even further.
These are some promising data that reflect ample market opportunities. But what is the reason behind this growth? Well, one major reason for the expanding two-wheeler market in India is the easy availability of bike finance. Now, lending institutions like Hero FinCorp cover 95% of the bike’s price with a Bike Loan, allowing you to bring your bike home without paying its price upfront.
Are you planning to purchase the bike you desire? Let’s go ahead and explore the types of bikes in India.
Evolution of the Bikes
As with every other invention, bikes have gradually evolved from steam-powered safety motorcycles and gas-powered engine machines to the four-stroke engine bikes that roar across the highways today.
The first bikes appeared in 1867 with a small steam engine fitted on a bicycle. Later, it got an alcohol burner with a smaller front wheel and a bigger back wheel. The first commercial bike came in 1884, featuring a liquid-cooled engine that allowed riders to control the bike's speed. In the coming year, bike manufacturers started outfitting their motorcycles with internal combustion engines with key advancements in brakes, controls, fuel injection systems, ABS, etc.
Even today, types of bikes continue to evolve with advanced safety measures and an environment-friendly approach. Looking forward to the future of biking, manufacturers intend to produce more fuel-efficient and stable versions with hubless wheels, electric and hybrid bikes, mobile connectivity, etc. With easy bike finance available today, you can opt for the latest bike model with the most advanced features and specifications.
Different Categories of Motorcycles in India
Commuters or Street Bikes
Commuter bikes, also known as street bikes, are designed for daily urban commuting and short-distance travel. They typically feature practicality, fuel efficiency, and ease of handling, making them ideal for navigating city traffic and congested streets. These bikes prioritize comfort and convenience over high performance, offering riders a reliable and economical mode of transportation for everyday use.
Specification of Commuters or Street Bikes
| Attribute | Details |
|---|
| Engine | 100 - 125cc |
| Average Mileage | Around 83 kmpl |
| Maximum Age | 50,000 miles |
| Price Range | Rs 50,900 – Rs 1.62 Lakh |
| Reason to Buy | Reason to Avoid |
|---|
- Sturdy design
- Strong body
- Easy for daily commutes
- High mileage
- Ergonomic posture
- Easy availability of bikes on loan
| - Lower power
- Limited fuel tank capacity
- Not suitable for rough terrains
|
Adventure Bikes
Adventure bikes are designed for long-distance travel on and off-road, combining features of touring and off-road motorcycles. They typically feature robust construction, comfortable ergonomics, larger fuel tanks for extended range, and capable suspension systems for varied terrain. Ideal for riders seeking exploration and versatility, adventure bikes offer a balance between performance, comfort, and capability across diverse landscapes.
| Attribute | Details |
|---|
| Engine | 200-373cc |
| Average Mileage | Around 35 kmpl |
| Maximum Age | 40,000 - 50,000 miles |
| Price Range | Rs 1.49 Lakh – Rs 15.5 Lakh |
| Reason to Buy | Reason to Avoid |
|---|
- Good for touring
- Smooth rides on rugged roads
- Comfortable handling
- Higher torque
- Long-travel suspension setups
| - Heavyweight
- Protruding parts
- Higher price
|
Streetfighters
Streetfighters are a category of motorcycles known for their aggressive styling and stripped-down design. They typically feature powerful engines, upright riding positions, and minimalistic bodywork, often exposing the mechanical components. Designed for urban riding and spirited performance, streetfighters prioritize agility and responsiveness, making them popular choices for enthusiasts seeking a blend of raw power and maneuverability on city streets.
| Attribute | Details |
|---|
| Engine | Up to 1103cc |
| Average Mileage | Around 13.2 kmpl |
| Maximum Age | 20,000 miles |
| Price Range | Rs 17 Lakh – Rs 33 Lakh |
| Reason to Buy | Reason to Avoid |
|---|
- Great high-speed stability
- Scary fast speed
- High horsepower and displacement
| - Impractical for everyday usage
- Low mileage
- High ownership and maintenance costs
- Expensive price range
|
Sports Bikes
Sports bikes are high-performance motorcycles designed for speed, agility, and acceleration. They typically feature powerful engines, lightweight frames, and aerodynamic designs, making them ideal for enthusiasts who enjoy spirited riding and track racing. These bikes often prioritize speed and handling over comfort, with advanced suspension systems and braking technology to enhance performance on both road and track.
| Attribute | Details |
|---|
| Engine | 300-1000+cc |
| Average Mileage | 83 kmpl |
| Maximum Age | 25,000–50,000 miles |
| Price Range | Rs 86,000 – Rs 70 Lakh |
| Reason to Buy | Reason to Avoid |
|---|
- Lightweight
- Aerodynamic frames
- Big tires
- High power
- Unique riding posture
| - Tall seat height
- Not suitable for long off-road trips
|
Cruisers
Cruiser bikes are designed for comfort on long rides, featuring relaxed seating positions, larger fuel tanks for extended journeys, and powerful engines optimized for highway cruising. They typically emphasize style and comfort over raw speed, making them popular choices for leisurely touring. Cruiser bikes often have a distinct retro or classic look, appealing to riders seeking a blend of performance and aesthetic appeal on the open road.
| Attribute | Details |
|---|
| Engine | 249-883cc |
| Average Mileage | 32 kmpl |
| Maximum Age | 40,000 – 50,000 miles |
| Price Range | Rs 1.16 Lakh – Rs 46.77 Lakh |
| Reason to Buy | Reason to Avoid |
|---|
- Great style
- Extra comfort
- Easy customization
- High torque
- Good for beginners
- Suitable for load-carrying
| - Slower acceleration
- Heavyweight
- Excessive vibration
- Less mileage
- Low ground clearance
- Expensive pricing
|
Scooters
Scooters are two-wheeled vehicles designed primarily for urban commuting. They are characterized by their step-through frame, automatic transmission, and typically smaller engine sizes compared to motorcycles. Scooters are known for their ease of use, fuel efficiency, and maneuverability in traffic. They are popular choices for short to medium distance travel, offering a convenient and economical mode of transportation in urban areas.
| Attribute | Details |
|---|
| Engine | 50cc to 250cc |
| Average Mileage | 80 kmpl |
| Maximum Age | 200,000 miles |
| Price Range | Rs 44,999 - Rs 11.25 Lakh |
| Reason to Buy | Reason to Avoid |
|---|
- Cheaper spare parts
- Easy maintenance
- High fuel mileage
- Quieter operation
- Lightweight
- Cheaper insurance
- Easy availability of bike loans
| - Lack of stylish looks
- Lack of exercise
- Battery issues
- Only suitable for short trips
|
How is a Two-Wheeler Loan Helpful to Choose the Best Bikes?
With the easy availability of bike finance from Hero FinCorp in India, you no longer need to admire your dream bike from a distance. Instead, you can walk into the showroom and bring your bike home without paying its price upfront. Here is how a two-wheeler loan helps you choose the best types of motorcycles suitable for your needs:
- Financial Freedom to Buy the Bike of Your Choice: If you have an eye on an expensive bike, you don't need to save for years to purchase it. You can directly go to the showroom and buy your dream bike. Don't worry about the cost; Hero FinCorp will finance up to 95% of it, which you can repay later in easy EMIs.
- Higher Budget to Purchase a Better Bike: If you buy a bike from your savings, you may have a limited budget within which you must choose the bike to purchase. However, if you browse the available motorcycle types with bike finance in hand, you can opt for a more expensive bike without worrying about money.
- No Financial Burden: Usually, when you finance a bike with your savings, you exhaust your emergency funds for the purchase. In a few months, if an emergency strikes, you are left with no reserve to tackle the situation. Purchasing bikes on loans lets you keep your savings intact. Moreover, you can choose a repayment tenure with easily affordable EMIs that you can pay without stretching your monthly budget.
Financial Freedom to Choose:
- Secure financing for up to 95% of the bike's cost.
- Purchase your dream bike without upfront payment.
- Repay comfortably through easy EMIs.
Expanded Budget Flexibility:
- Access a higher budget for better bike options.
- Avoid limitations imposed by savings constraints.
- Explore a wider range of motorcycles available.
Maintaining Financial Stability:
- Preserve emergency savings for unforeseen expenses.
- Select flexible repayment terms to suit your budget.
- Ensure financial stability while enjoying your new bike.
How to Apply for a Two-Wheeler Loan?
Have you finalised one among the different types of bikes to purchase? Follow this stepwise procedure to apply for bike finance at Hero FinCorp:
- Visit the Hero FinCorp official website.
- Go to the two-wheeler loan section.
- Click the ‘Apply Now’ button.
- Enter the required details.
- Select the 'Hero MotoCorp Two-Wheeler dealership' you approach to purchase the bike.
- Tick the box to accept the ‘terms and conditions’
It's important to note that Hero FinCorp Bike Loans exclusively apply to Hero MotoCorp two-wheelers. For bikes of other brands, you can explore Hero FinCorp's Personal Loans, featuring competitive interest rates and a flexible repayment tenure of up to 60 months.
Frequently Asked Questions
1. How do I choose the right bike?
When choosing the right bike to purchase, you must consider several factors: price, budget, styling, brand reputation, terrain, body type, usage frequency, engine displacement, mileage, size, height, etc.
2. How many types of bikes are there?
You will find different types of motorbikes to buy in India, including cruisers, sports bikes, streetfighters, adventure bikes, commuter bikes, and scooters.
3. Which is the No. one bike?
You will need to look at the different types of bikes to find the No. 1 bike. For instance, Royal Enfield Hunter received the Indian Motorcycle of the Year reward in 2023. Hero Destini Prime, Yamaha MT-15, TVS Apache RTR 160, etc., are other bikes worth considering.
4. How to choose a bike for men?
Choosing a bike for men involves considering purpose, engine capacity, type, comfort, features, and budget. Before deciding, one can test-ride the different types of motorbikes for comfort and handling.
5. What is an off-road bike?
An off-road bike, also known as a dirt bike, is a motorcycle designed for riding on unpaved surfaces like dirt trails, mud, sand, and rough terrains.
Disclaimer: The information provided in this blog post is intended for informational purposes only. The content is based on research and opinions available at the time of writing. While we strive to ensure accuracy, we do not claim to be exhaustive or definitive. Readers are advised to independently verify any details mentioned here, such as specifications, features, and availability, before making any purchasing decisions. Hero FinCorp does not take responsibility for any discrepancies, inaccuracies, or changes that may occur after the publication of this blog. The choice to rely on the information presented herein is at the reader's discretion, and we recommend consulting official sources and experts for the most up-to-date and accurate information about the products.
