The invention relates to the technical field of paint for interior decoration, in particular to a water-based two-component coating for rail transit vehicle interiors and a preparation method thereof.The coating comprises a component A and a component B in a weight ratio of 10: 1, wherein the component A comprises water-based hydroxyl acrylic resin, water-based hydroxyl polyurethane hand feelingresin, a water-based hydroxyl organic silicon hand feeling auxiliary agent, pigment and filler, an environment-friendly flame retardant, sand streak wax, extinction powder, a water-based dispersing agent, a water-based wetting agent, a water-based defoamer, a water-based leveling agent, a water-based thickener and water, and the component B comprises water-based polyisocyanate resin and a solvent.The preparation method comprises preparation of the component A and preparation of the component B. The coating provided by the invention adopts a two-component cross-linking curing technology and ismatched with a water-based hydroxyl organic silicon hand feeling auxiliary agent, so that the hand feeling of the coating can be kept stable for a long time, the VOC content and the residual monomeramount are low, formaldehyde, benzene series and the like are not contained, and the coating is suitable for human body contact and is very suitable for interior coating of rail transit vehicles.