Mahindra Bolero Neo on-road price in Gwalior
₹10,01,880 to ₹12,24,115 on the road5 variants
EMI from about ₹16,830 a month on the Gwalior 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.
Madhya Pradesh sets these charges, so the same figures apply in Indore, Bhopal, Jabalpur and Ujjain.
Why
All 5 variants priced in Gwalior
| Variant | Ex-showroom | On-road in Gwalior |
|---|---|---|
| N4 Diesel MT | ₹9.06L | ₹10,01,880 |
| N8 Diesel MT | ₹9.69L | ₹10,70,550 |
| N10 (R) Diesel MT | ₹10.09L | ₹11,39,375 |
| N11 Diesel MT | ₹10.30L | ₹11,62,790 |
| N10 Opt Diesel MT | ₹10.85L | ₹12,24,115 |
What the road adds in Gwalior, variant by variant
Cheapest on the road first. The orange is Madhya Pradesh's own share.
- N4 Diesel MT₹10,01,880+11%
₹9,06,000 ex-showroom, Madhya Pradesh takes ₹81,540, everything else ₹14,340
- N8 Diesel MT₹10,70,550+10%
₹9,69,000 ex-showroom, Madhya Pradesh takes ₹87,210, everything else ₹14,340
- N10 (R) Diesel MT₹11,39,375+13%
₹10,09,000 ex-showroom, Madhya Pradesh takes ₹1,05,945, everything else ₹24,430
- N11 Diesel MT₹11,62,790+13%
₹10,30,000 ex-showroom, Madhya Pradesh takes ₹1,08,150, everything else ₹24,640
- N10 Opt Diesel MT₹12,24,115+13%
₹10,85,000 ex-showroom, Madhya Pradesh takes ₹1,13,925, everything else ₹25,190
Bolero Neo variants on Madhya Pradesh's tax steps
Madhya Pradesh charges a higher rate on the whole price once it crosses a line. Here is which variant sits where.
Dieselby price
- 9%to ₹10 lakh
N4 Diesel MT, N8 Diesel MT
- 10.5%to ₹20 lakh
N10 (R) Diesel MT, N11 Diesel MT, N10 Opt Diesel MT
- 14.75%to ₹50 lakh
no variant here
- 16.5%above
no variant here
Worth knowing before you sign
- The step from the N8 Diesel MT to the N10 (R) Diesel MT crosses Madhya Pradesh's ₹10 lakh line: ₹40,000 more ex-showroom, but ₹18,735 more road tax, because the whole price moves from 9% to 10.5%.
- On the Mahindra Bolero Neo N4 Diesel MT, Gwalior is 9th cheapest of 25 states: ₹54,360 over Arunachal Pradesh and ₹60,252 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 Gwalior that step costs ₹68,825 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 Gwalior
The cheapest way into this group in Gwalior is the Kia Syros, from ₹9,27,260 on the road, ₹74,620 under the Bolero Neo's ₹10,01,880. Each figure is that car's cheapest variant on the road in Gwalior, on the same Madhya Pradesh 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 ₹10,01,880 breaks down
Getting it on the road in Gwalior adds ₹95,880 to the ex-showroom price, and road tax is the biggest part of that.
- Ex-showroom price
- ₹9,06,000
- Road tax (9%)
- ₹81,540
- 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 Gwalior
- ₹10,01,880
The fine print
- Road tax (9%)
- Derived 2026-08-07 from CarWale's published on-road breakdown for Indore, 10 cars from Rs 3.70L to Rs 59.65L. Up to Rs 10L: 3 observations, raw 8.96% to 9.28%, slope 8.91%. Rs 10L to 20L: 3 observations, raw 10.57% to 10.73%, slope 10.60%. Rs 20L to 50L: 2 observations, slope 14.76%. Above Rs 50L: one observation at 16.41%. NOT read from any Madhya Pradesh notification; mptransport.org has been returning HTTP 503 all day
- 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.
- Madhya Pradesh's rates here are derived from published on-road prices rather than 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
Bolero Neo on-road price in other cities
See 29 other cities
Same figures, same state: Indore, Bhopal, Jabalpur, Ujjain
Different state, different figures: Mumbai, Pune, Delhi, Bengaluru, Chennai, Hyderabad, Kolkata, Jaipur, Gurugram, Lucknow, Patna, Ahmedabad, 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 Gwalior?
Between ₹10,01,880 for the N4 Diesel MT and ₹12,24,115 for the N10 Opt Diesel MT, as of October 2026. That covers Madhya Pradesh 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 Gwalior?
₹81,540 on the N4 Diesel MT at ₹9.06L ex-showroom. The rate comes from Madhya Pradesh's own schedule (Derived 2026-08-07 from CarWale's published on-road breakdown for Indore, 10 cars from Rs 3.70L to Rs 59.65L. Up to Rs 10L: 3 observations, raw 8.96% to 9.28%, slope 8.91%. Rs 10L to 20L: 3 observations, raw 10.57% to 10.73%, slope 10.60%. Rs 20L to 50L: 2 observations, slope 14.76%. Above Rs 50L: one observation at 16.41%. NOT read from any Madhya Pradesh notification; mptransport.org has been returning HTTP 503 all day), verified on 7 August 2026.
Is the Mahindra Bolero Neo cheaper on-road in another city of Madhya Pradesh?
No. Madhya Pradesh sets these charges, so the same figures apply in Indore, Bhopal, Jabalpur and Ujjain: registering in a different city of the state does not change them.