Mahindra Bolero Neo on-road price in Mumbai

₹10,32,547 to ₹12,58,211 on the road

5 variants

EMI from about ₹17,350 a month on the Mumbai on-road price, at 9.5% a year over 5 years with 20% down.

As of September 2026First personal carIndividual buyerPaid in cash

Open the EMI calculator →

Maharashtra sets these charges, so the same figures apply in Pune, Nagpur, Thane and Nashik and beyond.

Why

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

All 5 variants priced in Mumbai

Variant	Ex-showroom	On-road in Mumbai
N4 Diesel MT	₹8.99L	₹10,32,547
N8 Diesel MT	₹9.69L	₹11,11,829
N10 (R) Diesel MT	₹10.09L	₹11,77,515
N11 Diesel MT	₹10.30L	₹12,01,724
N10 Opt Diesel MT	₹10.79L	₹12,58,211

Confirm the final figure with your dealer before paying.

Which Bolero Neo to buy

Of every paid step up this ladder, N8 to N10 (R) buys you the most for your money. In Mumbai that step costs ₹65,686 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 →

How the N4 Diesel MT's ₹10,32,547 breaks down

Getting it on the road in Mumbai adds ₹1.34L to the sticker, and road tax is the biggest part of that.

Ex-showroom price: ₹8,99,000
Road tax (13%): ₹1,16,870
Road safety cess (2% of the tax): ₹2,337
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 Mumbai: ₹10,32,547

The fine print

Road tax (13%): Maharashtra Motor Vehicles Tax Act 1958, Second Schedule; dept rate page 1117
Road safety cess (2% of the tax): Notification MVR-0716/CR-324/TRA-2 dated 17-10-2016, effective 24-10-2016
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.

Figures are for an individual's first personal car; company-registered cars pay 20% in Maharashtra.

Confirm the final figure with your dealer before paying.

Where these figures come from

The road tax comes from Maharashtra's own transport department pages rather than from the notification behind it, which is the state's published position one step removed from the instrument. Everything else is computed from Maharashtra's own documents, last checked on 2026-08-07. Rates change with state budgets, so confirm the final figure with your dealer before paying.

Registering a Bolero Neo in Mumbai

Cars registered in Mumbai carry MH-01, MH-02, MH-03 or MH-47 plates, depending on which RTO office covers your address.

Series	Issuing office	Covers
MH-01	Regional Transport Office, Mumbai (Central), Tardeo	South Mumbai island city: Fort, Colaba, Marine Lines, Malabar Hill, Girgaon, Byculla, Mazgaon, Parel, Worli, Dadar, Mahim, Sion, Wadala and Antop Hill
MH-02	Regional Transport Office, Mumbai (West), Andheri	Western suburbs from Bandra to Jogeshwari: Bandra, Khar, Santacruz, Vile Parle, Juhu, Andheri and the airport area
MH-03	Regional Transport Office, Mumbai (East), Wadala	Eastern suburbs: Kurla, Chembur, Ghatkopar, Vikhroli, Powai, Bhandup, Mulund, Govandi, Mankhurd and Trombay
MH-47	Deputy Regional Transport Office, Borivali	Northern western suburbs: Goregaon, Malad, Kandivali, Borivali and Dahisar

Motor Vehicle Department, Maharashtra, Know Your RTO area-to-office mapping; codes also on the department's Regional Offices page, checked 2026-08-09.

Bolero Neo on-road price in other cities

Same figures, same state: Pune, Nagpur, Thane, Nashik, Navi Mumbai, Aurangabad, Kolhapur

Different state, different figures: Delhi, Bengaluru, Chennai, Hyderabad, Kolkata, Jaipur, Gurugram, Lucknow, Indore, Patna, Ahmedabad, Ludhiana, Kochi, Visakhapatnam, Itanagar, Guwahati, Raipur, Panaji, Ranchi, Shillong, Aizawl, Bhubaneswar, Srinagar, Leh

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

Every Mahindra Bolero Neo variant, compared →

Questions buyers ask

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

Between ₹10,32,547 for the N4 Diesel MT and ₹12,58,211 for the N10 Opt Diesel MT, as of September 2026. That covers Maharashtra 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 Mumbai?

₹1,16,870 on the N4 Diesel MT at ₹8.99L ex-showroom. The rate comes from Maharashtra's own schedule (Maharashtra Motor Vehicles Tax Act 1958, Second Schedule; dept rate page 1117), verified on 2026-08-07.

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

No. Maharashtra sets these charges, so the same figures apply in Pune, Nagpur, Thane and Nashik and beyond: registering in a different city of the state does not change them.

Which number plate series does the Mahindra Bolero Neo registered in Mumbai get?

Cars registered in Mumbai carry MH-01, MH-02, MH-03 or MH-47 plates, depending on which RTO office covers your address. The series belongs to the office, not the car, so every vehicle registered there wears it (Motor Vehicle Department, Maharashtra, Know Your RTO area-to-office mapping; codes also on the department's Regional Offices page, checked 2026-08-09).