Is it a value for money bike or not?
Eider Ruddy is available with a price tag of around INR 56,000 in Mumbai. It is not a VFM machine as lack of reputation would harshly effect the resale value of the bike. It even produces just 11.2 BHP and carries an outdated cruiser design. You can consider buying Bajaj V instead of Eider Ruddy as it comes with a good engine as well as a totally different approach to motorcycling.
Infographic Source: http://autos.maxabout.com/bikes/bajaj/v