Looking for a Yamaha bike around Rs. 1.5 lakh gives you more choices than you might expect. The lineup includes models for daily office rides, regular city use and weekend trips.
You can also find sporty street bikes and neo retro designs in this price range. In this blog, we have listed 11 Yamaha motorcycles under Rs. 1.5 lakh. However, not every model is currently available within the Rs. 1.5 lakh budget. Some are upcoming, while others cross the price limit depending on the variant. This makes it important to check the price, mileage and features before making a choice.
Buyers can also compare these Yamaha bikes with similar models from Bajaj, Honda, Hero, Suzuki and TVS.
The main difference between these Yamaha bikes comes down to how you plan to use them. Some are built mainly for daily city rides, while others focus more on styling and a relaxed riding experience.
Mileage also varies across the lineup. The listed figures range from around 40 kmpl to 60 kmpl, depending on the model. Some bikes are aimed at buyers who want better fuel efficiency for regular commuting. Others offer a balance between mileage, features and design.
This makes it useful to look beyond the price tag and consider your daily running, riding conditions and fuel costs.
| Yamaha Bike | Ex Showroom Price | Listed Mileage | Engine |
| FZ FI | Rs 1.17 lakh | 46 kmpl | 149cc |
| FZ S FI V4 | Rs 1.20 lakh | 60 kmpl | 149cc |
| FZ Rave | Rs 1.25 lakh | 56 kmpl | 149cc |
| FZ Blue Flex | Rs 1.25 lakh | 50 kmpl | 149cc |
| FZ X | Rs 1.26–1.34 lakh | 47 kmpl | 149cc |
| FZ S FI | Rs 1.31 lakh | 60 kmpl | 149cc |
| FZ S Fi Hybrid | Rs 1.41 lakh | 60 kmpl | 149cc |
| FZ X Hybrid | Rs 1.45 lakh | 53 kmpl | 149cc |
| XSR125 (upcoming) | Rs 1.35 lakh (expected) | 45 kmpl | 124cc |
| WR 155R (upcoming) | Rs 1.38 lakh (expected) | 40 kmpl | 155cc |
| XSR 155 | Rs 1.50–1.63 lakh | 45.5 kmpl | 155cc |
Prices and mileage figures are based on the September 2026 listing. Some models are shown as upcoming or unavailable for immediate purchase.
For a buyer focused mainly on fuel costs, the 60 kmpl entries deserve attention. Their listed mileage is higher than several other motorcycles in this group.
Actual mileage will vary with traffic, riding style, load, road conditions and maintenance. Buyers should therefore treat these figures as reference values.

If your main requirement is a simple motorcycle for daily city rides, the Yamaha FZ FI is one of the options to consider. It is the most affordable bike in this list, with a price of Rs. 1.17 lakh and a listed mileage of 46 kmpl.
The FZ FI gets a 149cc air cooled engine that produces 12.2 bhp and 13.3 Nm. It comes with a five speed gearbox, making it suitable for regular city riding.
Yamaha has also kept the equipment practical. The bike gets an LED headlight, two level seat, disc brakes at both ends and single channel ABS. Its 790mm seat height can also be useful for riders who prefer a manageable riding position. The bike weighs around 135kg.
If you want a few more features, the FZ S FI V4 costs Rs. 1.20 lakh. Its listed mileage is 60 kmpl, which may appeal to riders who spend a lot of time commuting. It uses the same 149cc engine, producing 12.2 bhp and 13.3 Nm. However, it adds features such as traction control, Y Connect connectivity and an LCD instrument cluster.
Yamaha also lists E20 fuel compatibility for the FZ S FI V4. For everyday riders, these added features can be more useful than having extra performance. Traction control, for example, can help limit wheelspin when road grip is low.

If you want a Yamaha that looks a little different from the usual street bikes, there are a few options to consider. The FZ Rave, FZ Blue Flex and FZ X offer different styling while using a 149cc engine.
The FZ Rave starts at Rs. 1.25 lakh and has a claimed mileage of 56 kmpl. Its 149cc fuel injected engine makes 12.2 bhp and 13.3 Nm. It gets a five speed gearbox, LED headlight and single channel ABS.
For added convenience, the FZ Rave also gets Bluetooth connectivity through Yamaha Motorcycle Connect X. Its 790mm seat height is the same as the FZ FI, which should make it easy to manage for many city riders.
The FZ Blue Flex is also listed at Rs. 1.25 lakh, with a claimed mileage of 50 kmpl. It uses a 149cc fuel injected engine and gets an LED headlight and two level seat.
The FZ X is slightly more expensive, with prices ranging from Rs. 1.26 lakh to Rs. 1.34 lakh. It has a listed mileage of 47 kmpl and uses a 149cc engine. What sets the FZ X apart is its upright neo retro design. It can appeal to buyers who want a practical city bike with a more distinctive look.

If you spend a lot of time riding through traffic, Yamaha also has hybrid options in this price range. The FZ S Fi Hybrid is listed at Rs. 1.41 lakh, while the FZ X Hybrid costs Rs. 1.45 lakh. Their listed mileage figures are 60 kmpl and 53 kmpl, respectively.
The FZ X Hybrid uses Yamaha’s Smart Motor Generator system. It also gets stop start technology and power assist. These features work with its 149cc petrol engine, which produces 12.4 PS and 13.3 Nm.
There are some useful technology features as well. The FZ X Hybrid gets a colour TFT display with turn by turn navigation and music controls. The bike has an 810mm seat height and weighs 141kg. It also gets a front disc brake with single channel ABS.
For daily city riders, the stop start system could be useful during traffic signals and frequent stops. However, the extra technology also makes the FZ X Hybrid more expensive than the regular FZ X.

The list also includes a few Yamaha models that need a closer look before you consider them within a Rs. 1.5 lakh budget. The XSR125 is expected to be priced around Rs. 1.35 lakh, with a mileage figure of 45 kmpl. It offers a different style from the regular FZ range and can appeal to buyers looking for a more distinctive motorcycle.
The WR 155R could range around Rs. 1.38 lakh, while it is likely to offer a mileage of 40 kmpl. Both these bikes are yet to launch in the market, so keep track of the latest updates if you are interested in buying any of these.
The XSR 155 is another model that needs some attention. Its listed price starts at Rs. 1.50 lakh and goes up to Rs. 1.63 lakh. So, only the starting price falls within the stated budget.
The XSR 155 also has a larger 155cc liquid cooled engine. It produces 18.1 bhp and 14.2 Nm of torque. Yamaha pairs it with variable valve actuation and a six speed gearbox.
The Yamaha bike also gets traction control and smartphone connectivity. These features set it apart from the smaller FZ models. Buyers should therefore check the exact variant price before adding it to a Rs. 1.5 lakh shortlist.

Yamaha is not the only brand offering motorcycles around the Rs. 1.5 lakh mark. Buyers also have several options from Honda, Bajaj, Suzuki, Hero and TVS. The Honda Hornet 2.0 is priced at Rs. 1.50 lakh, while the Bajaj Pulsar N250 starts at Rs. 1.45 lakh.
The Suzuki Gixxer, Hero Xtreme 160R 4V and TVS Ronin are also worth checking in this price range. Each motorcycle takes a slightly different approach to engine performance, features, styling and everyday usability.
Most Yamaha options in this list use a 149cc engine. This gives the range a fairly similar feel when it comes to engine size and daily running. It can also make the lineup easier to understand for buyers mainly looking for a city motorcycle.
Rival bikes with larger engines can offer more performance, especially on highways and open roads. However, a bigger engine does not always mean lower running costs. Fuel use, service expenses and insurance can also vary between motorcycles.
So, the right choice depends on where you ride, how much you ride and what you expect from your motorcycle. Comparing mileage, features and ownership costs can help narrow down the options.
There is no single model that suits every rider in this price band. The choice depends on how the motorcycle will be used every day.
Yamaha bikes around the Rs. 1.5 lakh mark give buyers plenty of options for different types of riding. The FZ models are mainly suited to everyday city use, while the hybrid versions bring extra technology for regular traffic and commuting.
The XSR models offer a different design and riding experience, while the WR 155R adds an adventure focused option to the list. This gives buyers more choices beyond conventional street motorcycles.
Therefore, before making a decision, buyers should check the latest showroom price and availability. The final on road price can also be higher than the listed ex showroom price. Your daily distance, road conditions, mileage needs and preferred riding style also play a role in the decision.
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