The Bajaj Pulsar 125 faces competition from several notable bikes in the 125cc segment. Key rivals include the TVS Apache RTR 160, although it is slightly more powerful, as well as the Bajaj Pulsar 150, which is another variant from the same brand. Other significant competitors are the Honda SP 125, known for its high mileage of 64 kmpl, and the TVS Raider, which offers a mileage of around 71.94 kmpl. Additionally, the Hero Splendor Plus, Hero Glamour, and Hero Xtreme 125R are also in the same competitive landscape. Each of these bikes offers unique features such as varying engine capacities, power outputs, and mileage, making them viable alternatives for potential buyers.