Mahindra Bolero Neo Plus on-road price in Panaji

₹13,17,878 to ₹14,42,178 on the road

2 variants

EMI from about ₹22,140 a month on the Panaji on-road price, at 9.5% a year over 5 years with 20% down. Set your own numbers →

As of September 2026First personal carIndividual buyerPaid in cash

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

Why

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

All 2 variants priced in Panaji

Variant	Ex-showroom	On-road in Panaji
P4 Diesel MT	₹11.39L	₹13,17,878
P10 Diesel MT	₹12.49L	₹14,42,178

How the P4 Diesel MT's ₹13,17,878 breaks down

Getting it on the road in Panaji adds ₹1.79L to the sticker, and road tax is the biggest part of that.

Ex-showroom price: ₹11,39,000
Road tax (12%): ₹1,36,680
Registration fee (central): ₹800
TCS (1%, adjustable against your income tax)refundable: ₹11,390
Third-party insurance (3 years, incl. 18% GST): ₹29,023
Personal accident cover (1 year, incl. 18% GST)estimate: ₹885
FASTagestimate: ₹100
Comprehensive own-damage covernot in this total: insurer-priced
On-road in Panaji: ₹13,17,878

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 on 2026-08-09. Rates change with state budgets, so confirm the final figure with your dealer before paying.

Bolero Neo Plus on-road price in other cities

Same figures, same state: Margao

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

See what the Bolero Neo Plus costs on the road in all 25 states we price →

Every Mahindra Bolero Neo Plus variant, compared →

Questions buyers ask

What is the Mahindra Bolero Neo Plus on-road price in Panaji?

Between ₹13,17,878 for the P4 Diesel MT and ₹14,42,178 for the P10 Diesel MT, as of September 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 Mahindra Bolero Neo Plus in Panaji?

₹1,36,680 on the P4 Diesel MT at ₹11.39L 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 2026-08-09.

Is the Mahindra Bolero Neo Plus cheaper on-road in another city of Goa?

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