The company had showcased the new model at the Auto Expo held last month.
"As promised, we have started the dispatches of X-Blade in March 2018," HMSI Senior Vice-President - Sales and Marketing Yadvinder Singh Guleria said in a statement.
He said the new motorcycle had been designed for millennials and Gen-Z.
The X-Blade is powered by a 162.71-cc engine, which has been specifically designed to deliver good low and mid-range performance. It produces 13.93 bhp at 8,500 rpm, the company said.