Electric Bikes in India 2026: A Growing Market with Affordable Options

The Indian electric bike market is rapidly growing, with several new models being launched in 2026. One of the most affordable options is the Ola Roadster X, priced at ₹1.29 lakh. However, for the same price, buyers can opt for other options like the Hero Splendor Plus, TVS Raider, Bajaj Freedom 125, Ola S1 X, or Suzuki Access 125.

In the scooter segment, Yamaha is set to launch its first global electric scooter, codenamed RY01, in collaboration with River Indie. The scooter is expected to be launched in India later this year.

For those looking to buy a bike under ₹1.5 lakh, there are several options available. Some of the best bikes in this segment include the Honda CB Unicorn 160, TVS Apache RTR 160 4V, and Bajaj Pulsar NS160.

The electric two-wheeler market has also seen a strong start in FY2027, with sales figures of the TVS iQube, Bajaj Chetak, Ather Energy, Vida VX2, and Ola S1 indicating a growing demand for eco-friendly transportation.

Key Takeaways:

• Ola Roadster X is an affordable electric bike option priced at ₹1.29 lakh
• Yamaha is set to launch its first global electric scooter, codenamed RY01, in collaboration with River Indie
• Several bikes are available in the market under ₹1.5 lakh, including the Honda CB Unicorn 160, TVS Apache RTR 160 4V, and Bajaj Pulsar NS160
• Electric two-wheeler sales have seen a strong start in FY2027

For Bhopal buyers, the Ola Roadster X and Yamaha RY01 are expected to be launched in the city soon. We recommend booking a test ride to experience the features and performance of these electric bikes.

Book a no-obligation test ride today with Key Of Bike and discover the world of electric bikes in India!

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Sources:

• New Bikes, New Scooters, Electric Bikes - BikeWale
• Ola Roadster X Electric Bike: Same Price, Other Options That You Can Buy Today
• New Bikes in India 2026, New Model Prices, Offers, Image @ ZigWheels
• River Indie based Yamaha electric scooter India launch likely this year
• Best bikes under 1.5 lakh in India 2026
• FY2027 Electric 2-wheeler sales off to a strong start

Cover: Photo by Jepret Pret on Pexels.