Lakh. The bike is available in four color options in three different versions. The Bullet 500 has a 499.0 cc engine mated to five gears, resulting in a maximum power output of 27.20 bhp at 5250 rpm and a maximum torque output of 41.30 Nm at 4000 rpm. The mileage of the Shot 500 is 32 KM/L.