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Mahindra Bolero Neo on-road price

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Nobody pays the ex-showroom price.+5% to 17% on top

Road tax, registration and insurance add 5% to 17% on top of the Mahindra Bolero Neo's ex-showroom figure, and which end you land on is decided by the state you register in, not by the car.

Pick your city at the top and this page prices the Bolero Neo where you'll register it.

In Delhi, the Mahindra Bolero Neo is ₹9,99,615 to ₹12,45,815 on the road, cheapest variant to dearest.

The same car, ₹1,14,612 apart

Cheapest
₹9,47,520
Arunachal Pradesh
Dearest
₹10,62,132
Karnataka
Difference
₹1,14,612
12% more
Priced on
N4 Diesel MT, ₹9.06L ex-showroom
States held
25

The cheapest and the dearest Bolero Neo on the road

Those two figures are two different cars in two different states, so read them as the floor and the ceiling of what this Bolero Neo can cost you, never as one price.

Cheapest car
₹9,47,520
The N4 Diesel MT, the base model. Arunachal Pradesh comes out lowest.
Dearest car
₹13,15,930
The N10 Opt Diesel MT, the top model. Karnataka comes out highest.

The Bolero Neo on the road, state by state

Pick a variant. It is priced in the cheapest and the dearest state; pick your city at the top for your own figure.

  1. Arunachal Pradeshcheapest₹9,47,520+5%

    ₹9,06,000 ex-showroom, Arunachal Pradesh takes ₹27,180, everything else ₹14,340

  2. Karnatakadearest₹10,62,132+17%

    ₹9,06,000 ex-showroom, Karnataka takes ₹1,41,792, everything else ₹14,340

Ex-showroom priceThe state's road tax and its chargesRegistration, insurance, TCS and the tagThe Mahindra Bolero Neo N4 Diesel MT, in each state's published city.
EMI calculatorAbout ₹16,800 a month on the N4 Diesel MT on the road in Delhi, at 9.5% a year over 5 years with 20% down. Open to set your own.
Price financed against₹10.00L

This EMI is on the full on-road price in Delhi, with road tax, registration and insurance included. Nothing else to add.

Down payment₹1,99,923 (20%)
Tenure5 years
Interest rate assumption9.5%

Rates differ by lender and credit record. Drag this to the rate your bank actually quotes you.

Monthly EMIabout ₹16,800
Amount financed
₹7,99,692
Interest over 5 years
₹2,08,308
Total paid, down payment included
₹12,07,923
Year-by-year scheduleHow each year's payments split between interest and the loan
YearLoan repaidInterestStill owed
2026₹21,011₹12,579₹7,78,681
Nov 2026₹10,464₹6,331₹7,89,228
Dec 2026₹10,547₹6,248₹7,78,681
2027₹1,33,270₹68,271₹6,45,412
Jan 2027₹10,630₹6,165₹7,68,050
Feb 2027₹10,715₹6,080₹7,57,336
Mar 2027₹10,799₹5,996₹7,46,536
Apr 2027₹10,885₹5,910₹7,35,651
May 2027₹10,971₹5,824₹7,24,680
Jun 2027₹11,058₹5,737₹7,13,622
Jul 2027₹11,146₹5,650₹7,02,477
Aug 2027₹11,234₹5,561₹6,91,243
Sept 2027₹11,323₹5,472₹6,79,920
Oct 2027₹11,412₹5,383₹6,68,508
Nov 2027₹11,503₹5,292₹6,57,005
Dec 2027₹11,594₹5,201₹6,45,412
2028₹1,46,495₹55,046₹4,98,916
Jan 2028₹11,686₹5,110₹6,33,726
Feb 2028₹11,778₹5,017₹6,21,948
Mar 2028₹11,871₹4,924₹6,10,077
Apr 2028₹11,965₹4,830₹5,98,112
May 2028₹12,060₹4,735₹5,86,052
Jun 2028₹12,155₹4,640₹5,73,896
Jul 2028₹12,252₹4,543₹5,61,645
Aug 2028₹12,349₹4,446₹5,49,296
Sept 2028₹12,446₹4,349₹5,36,849
Oct 2028₹12,545₹4,250₹5,24,305
Nov 2028₹12,644₹4,151₹5,11,660
Dec 2028₹12,744₹4,051₹4,98,916
2029₹1,61,035₹40,505₹3,37,881
Jan 2029₹12,845₹3,950₹4,86,071
Feb 2029₹12,947₹3,848₹4,73,124
Mar 2029₹13,049₹3,746₹4,60,074
Apr 2029₹13,153₹3,642₹4,46,921
May 2029₹13,257₹3,538₹4,33,665
Jun 2029₹13,362₹3,433₹4,20,303
Jul 2029₹13,468₹3,327₹4,06,835
Aug 2029₹13,574₹3,221₹3,93,261
Sept 2029₹13,682₹3,113₹3,79,579
Oct 2029₹13,790₹3,005₹3,65,789
Nov 2029₹13,899₹2,896₹3,51,890
Dec 2029₹14,009₹2,786₹3,37,881
2030₹1,77,019₹24,521₹1,60,863
Jan 2030₹14,120₹2,675₹3,23,761
Feb 2030₹14,232₹2,563₹3,09,529
Mar 2030₹14,345₹2,450₹2,95,184
Apr 2030₹14,458₹2,337₹2,80,726
May 2030₹14,573₹2,222₹2,66,153
Jun 2030₹14,688₹2,107₹2,51,465
Jul 2030₹14,804₹1,991₹2,36,661
Aug 2030₹14,921₹1,874₹2,21,740
Sept 2030₹15,040₹1,755₹2,06,700
Oct 2030₹15,159₹1,636₹1,91,541
Nov 2030₹15,279₹1,516₹1,76,263
Dec 2030₹15,400₹1,395₹1,60,863
2031₹1,60,863₹7,087₹0
Jan 2031₹15,522₹1,273₹1,45,342
Feb 2031₹15,644₹1,151₹1,29,697
Mar 2031₹15,768₹1,027₹1,13,929
Apr 2031₹15,893₹902₹98,036
May 2031₹16,019₹776₹82,017
Jun 2031₹16,146₹649₹65,871
Jul 2031₹16,274₹521₹49,598
Aug 2031₹16,402₹393₹33,195
Sept 2031₹16,532₹263₹16,663
Oct 2031₹16,663₹132₹0

Arithmetic on your inputs, not a loan offer: lenders set their own rates, fees and margins, and the quote that matters is theirs.

Comparing instalments across the ladder? EMI for every Bolero Neo variant puts them side by side.

Arunachal Pradesh ₹9,47,520Karnataka ₹10,62,132

Arunachal Pradesh₹9,47,5201st of 25the cheapest stateOpen →

Every state we price the N4 Diesel MT in, cheapest on the left. Tap a state for its figure; open it for the full working in its city.
See all 25 states as a list
  1. Arunachal Pradesh₹9,47,520cheapest
  2. Gujarat₹9,74,700+₹27,180
  3. Meghalaya₹9,74,700+₹27,180
  4. Mizoram₹9,74,700+₹27,180
  5. Haryana₹9,92,820+₹45,300
  6. Odisha₹9,92,820+₹45,300
  7. Punjab₹9,97,350+₹49,830
  8. Delhi₹9,99,615+₹52,095
  9. Goa₹10,01,880+₹54,360
  10. Jammu and Kashmir₹10,01,880+₹54,360
  11. Jharkhand₹10,01,880+₹54,360
  12. Ladakh₹10,01,880+₹54,360
  13. Madhya Pradesh₹10,01,880+₹54,360
  14. Uttar Pradesh₹10,06,410+₹58,890
  15. Assam₹10,10,940+₹63,420
  16. Chhattisgarh₹10,10,940+₹63,420
  17. West Bengal₹10,10,940+₹63,420
  18. Bihar₹10,15,470+₹67,950
  19. Rajasthan₹10,22,265+₹74,745
  20. Tamil Nadu₹10,38,120+₹90,600
  21. Kerala₹10,38,320+₹90,800
  22. Maharashtra₹10,40,476+₹92,956
  23. Andhra Pradesh₹10,47,180+₹99,660
  24. Telangana₹10,47,180+₹99,660
  25. Karnataka₹10,62,132+₹1,14,612
The N4 Diesel MT's on-road total in each state's published city; the bar is how much more than the cheapest state.

Worth knowing before you sign

  • Getting the N4 Diesel MT on the road adds ₹41,520 in Arunachal Pradesh and ₹1,56,132 in Karnataka: 5% to 17% on top of the ex-showroom price, depending on the state.
  • The step from the N8 Diesel MT to the N10 (R) Diesel MT crosses Delhi's ₹10 lakh line: ₹40,000 more ex-showroom, but ₹33,070 more road tax, because the whole price moves from 7% to 10%.

Every city we price the Bolero Neo in

See all 26 cities, cheapest first

Open any city for the full line by line breakdown: road tax, registration, the fees, and what each one is based on.

CityStateOn-road, from
ItanagarArunachal Pradesh₹9,47,520
AhmedabadGujarat₹9,74,700
AizawlMizoram₹9,74,700
ShillongMeghalaya₹9,74,700
BhubaneswarOdisha₹9,92,820
GurugramHaryana₹9,92,820
LudhianaPunjab₹9,97,350
DelhiDelhi₹9,99,615
IndoreMadhya Pradesh₹10,01,880
LehLadakh₹10,01,880
PanajiGoa₹10,01,880
RanchiJharkhand₹10,01,880
SrinagarJammu and Kashmir₹10,01,880
LucknowUttar Pradesh₹10,06,410
GuwahatiAssam₹10,10,940
KolkataWest Bengal₹10,10,940
RaipurChhattisgarh₹10,10,940
PatnaBihar₹10,15,470
JaipurRajasthan₹10,22,265
ChennaiTamil Nadu₹10,38,120
KochiKerala₹10,38,320
MumbaiMaharashtra₹10,40,476
PuneMaharashtra₹10,40,476
HyderabadTelangana₹10,47,180
VisakhapatnamAndhra Pradesh₹10,47,180
BengaluruKarnataka₹10,62,132
Where these figures come from

Computed from that state's own notified rates rather than estimated.

Haryana is the oldest of those checks, made . The other 24 states were checked between August 2026 and October 2026.

Prices are on-road totals by state and features follow each maker's official material. The oldest figures here were checked . Verify current prices and features with a dealer before buying.

Mahindra Bolero Neo on-road price: the questions people ask

How much is the Mahindra Bolero Neo on-road price?
Between ₹9,47,520 and ₹13,15,930, depending on the variant and the state you register it in. That covers 5 variants across the 25 states whose rates we hold. The low end is the N4 Diesel MT, the base model, where Arunachal Pradesh comes out lowest. The high end is the N10 Opt Diesel MT, the top model, where Karnataka comes out highest.
Why does the Mahindra Bolero Neo cost more in some states than others?
Road tax is set by the state, not by the maker, and it is much the largest thing added to the ex-showroom price. The same N4 Diesel MT comes to ₹9,47,520 in Itanagar and ₹10,62,132 in Bengaluru, a gap of ₹1,14,612 on the identical car.
Where is the Mahindra Bolero Neo cheapest to buy on the road?
Of the 25 states we can price it in, Arunachal Pradesh comes out lowest at ₹9,47,520 for the N4 Diesel MT. Worth saying plainly: you pay road tax where you register the car, which is where you live, so this is a fact about the country rather than a way to save money.
How much more than the ex-showroom price is the Mahindra Bolero Neo on-road price?
Between 5% and 17% on top, depending on the state. On the N4 Diesel MT at ₹9.06L ex-showroom, that is the difference between ₹9,47,520 and ₹10,62,132 once everything is counted.