Mahindra Bolero Neo on-road price in Bhavnagar
₹9,74,700 to ₹11,75,290 on the road5 variants
EMI from about ₹16,380 a month on the Bhavnagar on-road price, at 9.5% a year over 5 years with 20% down.
Figures as of October 2026, for a first personal car, bought by an individual and paid in cash.
Gujarat sets these charges, so the same figures apply in Ahmedabad, Surat, Vadodara and Rajkot and beyond.
Why
All 5 variants priced in Bhavnagar
| Variant | Ex-showroom | On-road in Bhavnagar |
|---|---|---|
| N4 Diesel MT | ₹9.06L | ₹9,74,700 |
| N8 Diesel MT | ₹9.69L | ₹10,41,480 |
| N10 (R) Diesel MT | ₹10.09L | ₹10,93,970 |
| N11 Diesel MT | ₹10.30L | ₹11,16,440 |
| N10 Opt Diesel MT | ₹10.85L | ₹11,75,290 |
What the road adds in Bhavnagar, variant by variant
Cheapest on the road first. The orange is Gujarat's own share.
- N4 Diesel MT₹9,74,700+8%
₹9,06,000 ex-showroom, Gujarat takes ₹54,360, everything else ₹14,340
- N8 Diesel MT₹10,41,480+7%
₹9,69,000 ex-showroom, Gujarat takes ₹58,140, everything else ₹14,340
- N10 (R) Diesel MT₹10,93,970+8%
₹10,09,000 ex-showroom, Gujarat takes ₹60,540, everything else ₹24,430
- N11 Diesel MT₹11,16,440+8%
₹10,30,000 ex-showroom, Gujarat takes ₹61,800, everything else ₹24,640
- N10 Opt Diesel MT₹11,75,290+8%
₹10,85,000 ex-showroom, Gujarat takes ₹65,100, everything else ₹25,190
Worth knowing before you sign
- On the Mahindra Bolero Neo N4 Diesel MT, Bhavnagar is 2nd cheapest of 25 states: ₹27,180 over Arunachal Pradesh and ₹87,432 under Karnataka.
Which Bolero Neo to buy
Of every paid step up this ladder, N8 to N10 (R) buys you the most for your money. In Bhavnagar that step costs ₹52,490 on the road, rather than the ₹40,000 the showroom prices suggest.
Is the N10 (R) worth it over the N8? →
Or weigh the whole ladder: which Bolero Neo is worth the money →
Bolero Neo rivals on the road in Bhavnagar
The cheapest way into this group in Bhavnagar is the Hyundai Venue, from ₹8,62,340 on the road, ₹1,12,360 under the Bolero Neo's ₹9,74,700. Each figure is that car's cheapest variant on the road in Bhavnagar, on the same Gujarat road tax.
The Bolero Neo in its colours
Stealth Black
Vehicle images: Mahindra official media assets (auto.mahindra.com)
How the N4 Diesel MT's ₹9,74,700 breaks down
Getting it on the road in Bhavnagar adds ₹68,700 to the ex-showroom price, and road tax is the biggest part of that.
- Ex-showroom price
- ₹9,06,000
- Road tax (6%)
- ₹54,360
- Registration fee (central)
- ₹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 Bhavnagar
- ₹9,74,700
The fine print
- Road tax (6%)
- Gujarat Transport Department Tax Structure page: lump sum tax 6% of the cost of vehicle for Three/Four Wheeler, LMV, Private Car, Station Wagon, jeep. Read from the Internet Archive snapshot of 2014-06-23 because the live site refuses connections from outside India, and corroborated by current on-road prices at the low end (Rs 36,008 charged against 6% of Rs 5,99,990 = Rs 35,999). The same page notes imported vehicles pay twice the rate and non-individual owners more, neither of which is modelled here
- Registration fee (central)
- CMVR Rule 81, as amended by GSR 1183(E) dated 29-12-2016
- 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.
- Gujarat charges more again for a car registered to a company; the figures here are for an individual buying their own car.
Confirm the final figure with your dealer before paying.
Where these figures come from
Bolero Neo on-road price in other cities
See 30 other cities
Same figures, same state: Ahmedabad, Surat, Vadodara, Rajkot, Jamnagar
Different state, different figures: Mumbai, Pune, Delhi, Bengaluru, Chennai, Hyderabad, Kolkata, Jaipur, Gurugram, Lucknow, Indore, Patna, Ludhiana, Kochi, Visakhapatnam, Itanagar, Guwahati, Raipur, Panaji, Ranchi, Shillong, Aizawl, Bhubaneswar, Srinagar, Leh
Mahindra Bolero Neo on-road price, in all 25 states we price →
Questions buyers ask
What is the Mahindra Bolero Neo on-road price in Bhavnagar?
Between ₹9,74,700 for the N4 Diesel MT and ₹11,75,290 for the N10 Opt Diesel MT, as of October 2026. That covers Gujarat 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 in Bhavnagar?
₹54,360 on the N4 Diesel MT at ₹9.06L ex-showroom. The rate comes from Gujarat's own schedule (Gujarat Transport Department Tax Structure page: lump sum tax 6% of the cost of vehicle for Three/Four Wheeler, LMV, Private Car, Station Wagon, jeep. Read from the Internet Archive snapshot of 2014-06-23 because the live site refuses connections from outside India, and corroborated by current on-road prices at the low end (Rs 36,008 charged against 6% of Rs 5,99,990 = Rs 35,999). The same page notes imported vehicles pay twice the rate and non-individual owners more, neither of which is modelled here), verified on 7 August 2026.
Is the Mahindra Bolero Neo cheaper on-road in another city of Gujarat?
No. Gujarat sets these charges, so the same figures apply in Ahmedabad, Surat, Vadodara and Rajkot and beyond: registering in a different city of the state does not change them.