Mahindra Bolero Neo on-road price in Indore
₹10,01,880 to ₹12,24,115 on the road5 variants
EMI from about ₹16,830 a month on the Indore 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 Bhopal, Jabalpur, Gwalior and Ujjain.
Why
All 5 variants priced in Indore
| Variant | Ex-showroom | On-road in Indore |
|---|---|---|
| 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 Indore, 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, Indore 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 Indore 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 Indore
The cheapest way into this group in Indore 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 Indore, 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 Indore 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 Indore
- ₹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
Registering a Bolero Neo in Indore
Cars registered in Indore carry MP-09 plates, issued by the Regional Transport Office, Indore.
| Series | Issuing office | Covers |
|---|---|---|
| MP-09 | Regional Transport Office, Indore | Indore district |
Vahan citizen services RTO list for Madhya Pradesh on parivahan.gov.in, which renders the code as MP9; the state department's own pages were unreachable and their archives carry no code table, so the ministry's portal is the official source used. Verified from the Wayback Machine snapshot dated 2022-11-30, checked 9 August 2026.
Bolero Neo on-road price in other cities
See 29 other cities
Same figures, same state: Bhopal, Jabalpur, Gwalior, 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 Indore?
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 Indore?
₹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 Bhopal, Jabalpur, Gwalior and Ujjain: registering in a different city of the state does not change them.
Which number plate series does the Mahindra Bolero Neo registered in Indore get?
Cars registered in Indore carry MP-09 plates, issued by the Regional Transport Office, Indore. The series belongs to the office, not the car, so every vehicle registered there wears it (Vahan citizen services RTO list for Madhya Pradesh on parivahan.gov.in, which renders the code as MP9; the state department's own pages were unreachable and their archives carry no code table, so the ministry's portal is the official source used. Verified from the Wayback Machine snapshot dated 2022-11-30, checked 9 August 2026).