The Bullet 500 is an iconic motorcycle that was launched in India with a bigger 499 engine. The Bullet brand has a cult following and with the addition of this new bike, the company wants to bring back the legacy. 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 will be transmitted via a five-speed constant mesh gearbox. The motorcycle has been fitted with a carburetor that has been given a throttle position sensor. The motorcycle features a 280mm disc brake with two piston calipers, electric start and a redesigned Royal Enfield badge.