VariantWise

Honda Elevate on-road price in Margao

Nordic Forest Pearl with Crystal Black Pearl Roof

₹13,47,740 to ₹20,93,540 on the road11 variants

EMI from about ₹22,640 a month on the Margao on-road price, at 9.5% a year over 5 years with 20% down.

Open the EMI calculator →

Figures as of October 2026, for a first personal car, bought by an individual and paid in cash.

Goa sets these charges, so the same figures apply in Panaji.

Why
Registering in a different city of the state does not change them.

All 11 variants priced in Margao

VariantEx-showroomOn-road in Margao
SV Petrol MT₹11.80L₹13,47,740
V Petrol MT₹12.29L₹14,03,110
V Petrol AT₹13.79L₹15,72,610
VX Petrol MT₹13.93L₹15,88,430
VX Petrol AT₹15.39L₹17,53,410
ZX Petrol MT₹15.39L₹17,53,410
ZX+ Petrol MT₹16.80L₹19,12,740
ZX Petrol AT₹16.89L₹19,22,910
ZX+ Black Petrol MT₹16.90L₹19,24,040
ZX+ Petrol AT₹18.30L₹20,82,240
ZX+ Black Petrol AT₹18.40L₹20,93,540

What the road adds in Margao, variant by variant

Five of the 11 variants, a quarter of the way up the ladder each time; the table above has every one. The orange is Goa's own share.

  1. SV Petrol MT₹13,47,740+14%

    ₹11,80,000 ex-showroom, Goa takes ₹1,41,600, everything else ₹26,140

  2. VX Petrol MT₹15,88,430+14%

    ₹13,93,000 ex-showroom, Goa takes ₹1,67,160, everything else ₹28,270

  3. ZX Petrol MT₹17,53,410+14%

    ₹15,39,000 ex-showroom, Goa takes ₹1,84,680, everything else ₹29,730

  4. ZX+ Black Petrol MT₹19,24,040+14%

    ₹16,90,000 ex-showroom, Goa takes ₹2,02,800, everything else ₹31,240

  5. ZX+ Black Petrol AT₹20,93,540+14%

    ₹18,40,000 ex-showroom, Goa takes ₹2,20,800, everything else ₹32,740

Ex-showroom priceGoa's road tax and its chargesRegistration, insurance, TCS and the tagOn the road in Margao.

Elevate variants on Goa's tax steps

Goa charges a higher rate on the whole price once it crosses a line. Here is which variant sits where.

Petrolby price

  1. 9%to ₹10 lakh

    no variant here

  2. 12%to ₹20 lakh

    SV Petrol MT, V Petrol MT, V Petrol AT, VX Petrol MT, VX Petrol AT, ZX Petrol MT, ZX+ Petrol MT, ZX Petrol AT, ZX+ Black Petrol MT, ZX+ Petrol AT, ZX+ Black Petrol AT

  3. 15%above

    no variant here

Worth knowing before you sign

  • On the Honda Elevate SV Petrol MT, Margao is 7th dearest of 25 states: ₹1,06,200 over Arunachal Pradesh and ₹82,066 under Karnataka.

Which Elevate to buy

Of every paid step up this ladder, SV to V buys you the most for your money. In Margao that step costs ₹55,370 on the road, rather than the ₹49,000 the showroom prices suggest.

Is the V worth it over the SV? →

Or weigh the whole ladder: which Elevate is worth the money →

Elevate rivals on the road in Margao

The cheapest way into this group in Margao is the Toyota Urban Cruiser Hyryder, from ₹12,92,370 on the road, ₹55,370 under the Elevate's ₹13,47,740. Each figure is that car's cheapest variant on the road in Margao, on the same Goa road tax.

The Elevate in its colours

Honda Elevate in Crystal Black Pearl

Crystal Black Pearl

Vehicle images: Honda Cars India official media assets (hondacarindia.com)

How the SV Petrol MT's ₹13,47,740 breaks down

Getting it on the road in Margao adds ₹1.68L to the ex-showroom price, and road tax is the biggest part of that.

Ex-showroom price
₹11,80,000
Road tax (12%)
₹1,41,600
Registration fee (central)
₹800
TCS (1%, adjustable against your income tax)refundable
₹11,800
Third-party insurance (3 years, incl. 18% GST)
₹12,555
Personal accident cover (1 year, incl. 18% GST)estimate
₹885
FASTagestimate
₹100
Comprehensive own-damage covernot in this total
insurer-priced
On-road in Margao
₹13,47,740
The fine print
Road tax (12%)
Derived 2026-08-09 from two independent sources. CarDekho Panaji, 57 variants: exactly 9.00% (10 cars to Rs 7.80L), 12.00% (24 cars Rs 11.00L to 19.91L), 15.00% (23 cars Rs 20.22L to 47.48L), no fixed component. CarWale Panaji fits 9.68% (5 cars), 12.00% (3 cars), 12.83% (5 cars), 16.20% (3 cars) and 15.00% (2 cars); its top bands carry large intercepts and are the softer part. Boundaries at Rs 10L and Rs 20L are interpolated inside gaps. NOT read from any Goa notification
Registration fee (central)
CMVR Rule 81, as amended by GSR 1183(E) dated 29-12-2016
TCS (1%, adjustable against your income tax)
Income-tax Act 1961 s.206C(1F) from 1 June 2016, and from 1 April 2026 s.394(1) of the Income-tax Act 2025 at the same rate and threshold (renumbering reported, not read from the Act); creditable against the buyer's income tax
Third-party insurance (3 years, incl. 18% GST)
Motor Vehicles (Third Party Insurance Base Premium and Liability) Rules 2022, G.S.R. 394(E) dated 25-05-2022, as amended by G.S.R. 32(E) dated 05-01-2024; both gazettes read from egazette.gov.in. PA cover per IRDAI circular IRDAI/NL/CIR/MOTP/158/09/2018
Personal accident cover (1 year, incl. 18% GST)
Motor Vehicles (Third Party Insurance Base Premium and Liability) Rules 2022, G.S.R. 394(E) dated 25-05-2022, as amended by G.S.R. 32(E) dated 05-01-2024; both gazettes read from egazette.gov.in. PA cover per IRDAI circular IRDAI/NL/CIR/MOTP/158/09/2018
The Rs 15 lakh owner-driver cover is mandatory; this prescribed rate is what most insurers charge for the annual form.
FASTag
Tag cost only. Issuers add a deposit and minimum balance; dealer bundles commonly total Rs 500-600.
Comprehensive own-damage cover
Not in this total. Lenders require it and most buyers take it, but it has been market-priced since 2007 and varies widely with insurer, cover value and no-claim bonus, so an honest single figure does not exist. Budget for it from real quotes on top of this total.
  • Goa's rates here are derived from two published price sources that agree, not read from the state's own schedule, so treat them as indicative and confirm with your dealer.

Confirm the final figure with your dealer before paying.

Where these figures come from
One figure here is weaker than the rest: the road tax is what Goa is reported to charge, not something we could read in a notification. Treat that line as indicative and confirm it with your dealer. Everything else is computed from Goa's own documents, last checked . Rates change with state budgets, so confirm the final figure with your dealer before paying.

Elevate on-road price in other cities

See 26 other cities

Same figures, same state: Panaji

Different state, different figures: Mumbai, Pune, Delhi, Bengaluru, Chennai, Hyderabad, Kolkata, Jaipur, Gurugram, Lucknow, Indore, Patna, Ahmedabad, Ludhiana, Kochi, Visakhapatnam, Itanagar, Guwahati, Raipur, Ranchi, Shillong, Aizawl, Bhubaneswar, Srinagar, Leh

Honda Elevate on-road price, in all 25 states we price →

Every Honda Elevate variant, compared →

Questions buyers ask

What is the Honda Elevate on-road price in Margao?

Between ₹13,47,740 for the SV Petrol MT and ₹20,93,540 for the ZX+ Black Petrol AT, as of October 2026. That covers Goa road tax, registration and the mandatory insurance; comprehensive own-damage cover is priced by insurers and comes on top.

How much is the road tax on the Honda Elevate in Margao?

₹1,41,600 on the SV Petrol MT at ₹11.80L ex-showroom. The rate comes from Goa's own schedule (Derived 2026-08-09 from two independent sources. CarDekho Panaji, 57 variants: exactly 9.00% (10 cars to Rs 7.80L), 12.00% (24 cars Rs 11.00L to 19.91L), 15.00% (23 cars Rs 20.22L to 47.48L), no fixed component. CarWale Panaji fits 9.68% (5 cars), 12.00% (3 cars), 12.83% (5 cars), 16.20% (3 cars) and 15.00% (2 cars); its top bands carry large intercepts and are the softer part. Boundaries at Rs 10L and Rs 20L are interpolated inside gaps. NOT read from any Goa notification), verified on 9 August 2026.

Is the Honda Elevate cheaper on-road in another city of Goa?

No. Goa sets these charges, so the same figures apply in Panaji: registering in a different city of the state does not change them.