Lexus LM 350h on-road price in Srinagar

₹2,50,40,431 to ₹3,12,95,031 on the road2 variants

EMI from about ₹4,20,720 a month on the Srinagar on-road price, at 9.5% a year over 5 years with 20% down.

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

Jammu and Kashmir sets these charges, so the same figures apply in Jammu.

Why

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

All 2 variants priced in Srinagar

Variant	Ex-showroom	On-road in Srinagar
7-Seater VIP Hybrid AT	₹2.27Cr	₹2,50,40,431
4-Seater Ultra Luxury Hybrid AT	₹2.84Cr	₹3,12,95,031

Confirm the final figure with your dealer before paying.

What the road adds in Srinagar, variant by variant

Cheapest on the road first. The orange is Jammu and Kashmir's own share.

7-Seater VIP Hybrid AT₹2,50,40,431+10%
₹2,27,38,000 ex-showroom, Jammu and Kashmir takes ₹20,46,420, everything else ₹2,56,011
4-Seater Ultra Luxury Hybrid AT₹3,12,95,031+10%
₹2,84,24,000 ex-showroom, Jammu and Kashmir takes ₹25,58,160, everything else ₹3,12,871

Ex-showroom priceJammu and Kashmir's road tax and its chargesRegistration, insurance, TCS and the tagOn the road in Srinagar.

Worth knowing before you sign

On the Lexus LM 350h 7-Seater VIP Hybrid AT, Srinagar is 8th cheapest of 25 states: ₹6,82,140 over Gujarat and ₹29,56,140 under Kerala.

How the 7-Seater VIP Hybrid AT's ₹2,50,40,431 breaks down

Getting it on the road in Srinagar adds ₹23.02L to the ex-showroom price, and road tax is the biggest part of that.

Ex-showroom price: ₹2,27,38,000
Road tax (9%): ₹20,46,420
Registration fee (central): ₹800
TCS (1%, adjustable against your income tax)refundable: ₹2,27,380
Third-party insurance (3 years, incl. 18% GST): ₹26,846
Personal accident cover (1 year, incl. 18% GST)estimate: ₹885
FASTagestimate: ₹100
Comprehensive own-damage covernot in this total: insurer-priced
On-road in Srinagar: ₹2,50,40,431

The fine print

Road tax (9%): Derived 2026-08-09 from two independent sources. CarDekho Srinagar, 57 variants Rs 3.70L to Rs 48.69L, every one at exactly 9.00% with no band boundary and no fixed component. CarWale Srinagar fits 9.45% across 18 cars. Both sources return the same figures for Ladakh, so that agreement is about the two territories sharing a schedule rather than two independent measurements. NOT read from any Jammu and Kashmir 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; Includes the notified 7.5% hybrid discount.
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.

Jammu and Kashmir'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 Jammu and Kashmir 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 Jammu and Kashmir's own documents, last checked on 2026-08-09. Rates change with state budgets, so confirm the final figure with your dealer before paying.

Registering a LM 350h in Srinagar

Cars registered in Srinagar carry JK-01 plates, issued by the Regional Transport Office, Srinagar.

Series	Issuing office	Covers
JK-01	Regional Transport Office, Srinagar	Srinagar district

Jammu and Kashmir Motor Vehicles Department, general information page reproducing the SRO 195 district code table of 20-09-1994; the live site was unreachable, so verified from the Wayback Machine snapshot of that official page dated 2021-09-26, checked 2026-08-09.

LM 350h on-road price in other cities

See 26 other cities

Same figures, same state: Jammu

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

Lexus LM 350h on-road price, in all 25 states we price →

Every Lexus LM 350h variant, compared →

Questions buyers ask

What is the Lexus LM 350h on-road price in Srinagar?

Between ₹2,50,40,431 for the 7-Seater VIP Hybrid AT and ₹3,12,95,031 for the 4-Seater Ultra Luxury Hybrid AT, as of October 2026. That covers Jammu and Kashmir 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 Lexus LM 350h in Srinagar?

₹20,46,420 on the 7-Seater VIP Hybrid AT at ₹2.27Cr ex-showroom. The rate comes from Jammu and Kashmir's own schedule (Derived 2026-08-09 from two independent sources. CarDekho Srinagar, 57 variants Rs 3.70L to Rs 48.69L, every one at exactly 9.00% with no band boundary and no fixed component. CarWale Srinagar fits 9.45% across 18 cars. Both sources return the same figures for Ladakh, so that agreement is about the two territories sharing a schedule rather than two independent measurements. NOT read from any Jammu and Kashmir notification), verified on 2026-08-09.

Is the Lexus LM 350h cheaper on-road in another city of Jammu and Kashmir?

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

Which number plate series does the Lexus LM 350h registered in Srinagar get?

Cars registered in Srinagar carry JK-01 plates, issued by the Regional Transport Office, Srinagar. The series belongs to the office, not the car, so every vehicle registered there wears it (Jammu and Kashmir Motor Vehicles Department, general information page reproducing the SRO 195 district code table of 20-09-1994; the live site was unreachable, so verified from the Wayback Machine snapshot of that official page dated 2021-09-26, checked 2026-08-09).