The Bullet 500 is the same as the iconic Bullet 350, but with a bigger 499cc engine. The Bullet 500 is powered by a single-cylinder air-cooled 499cc mill producing 26.5bhp of power at 5,100rpm and 40.9Nm of torque at 3,800rpm. Power is transmitted via a five-speed gearbox. The motorcycle has been fitted with a carburetor. The motorcycle features a 280mm disc brake with a two piston calliper in the front, and an electric start is standard. A rear disc brake and dual-channel ABS are on the options list. Opting for the rear disc brake adds Rs 5000 to the price of the base model, and the jnclusion ABS adds Rs 18,000 to the price of the base model, ex-showroom. The Bullet 500 is available in green, grey or black.
The Bullet 500 retails for Rs 1.7 lakhs -1.87 lakhs, ex-showroom, and competes with the Jawa range and is a more modern touring alternative to the Bajaj Dominar 400.