Volvo EC40 on-road price in Indore
₹62,50,155 on the road1 variant
EMI from about ₹1,05,010 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 1 variants priced in Indore
| Variant | Ex-showroom | On-road in Indore |
|---|---|---|
| Ultra Electric AT | ₹59.00L | ₹62,50,155 |
Confirm the final figure with your dealer before paying.
Worth knowing before you sign
- On the Volvo EC40 Ultra Electric AT, Indore is 8th dearest of 19 states: ₹2,65,500 over Mizoram and ₹5,60,500 under Assam.
How the Ultra Electric AT's ₹62,50,155 breaks down
Getting it on the road in Indore adds ₹3.50L to the ex-showroom price, and road tax is the biggest part of that.
- Ex-showroom price
- ₹59,00,000
- Road tax (4.5% electric-car rate)
- ₹2,65,500
- Registration fee (exempt for electric cars)
- ₹0
- TCS (1%, adjustable against your income tax)refundable
- ₹59,000
- Third-party insurance (3 years, incl. 18% GST)
- ₹24,670
- 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
- ₹62,50,155
The fine print
- Road tax (4.5% electric-car rate)
- Derived 2026-08-07 from CarWale's Indore breakdowns for 12 electric cars, Rs 6.99L to Rs 1.30Cr. Ten observations between 4.38% and 4.83% with no step; fitted slope 4.39% with Rs 4,649 fixed over the eight above Rs 17 lakh. NOT read from any Madhya Pradesh instrument
- Registration fee (exempt for electric cars)
- CMVR Rule 81, as amended by GSR 1183(E) dated 29-12-2016
- TCS (1%, adjustable against your income tax)
- Income-tax Act 1961 s.206C(1F) from 1 June 2016, and from 1 April 2026 s.394(1) of the Income-tax Act 2025 at the same rate and threshold (renumbering reported, not read from the Act); creditable against the buyer's income tax
- 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 EC40 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.
EC40 on-road price in other cities
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Questions buyers ask
What is the Volvo EC40 on-road price in Indore?
₹62,50,155 for the Ultra Electric AT, as of October 2026, covering 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 Volvo EC40 in Indore?
₹2,65,500 on the Ultra Electric AT at ₹59.00L ex-showroom. The rate comes from Madhya Pradesh's own schedule (Derived 2026-08-07 from CarWale's Indore breakdowns for 12 electric cars, Rs 6.99L to Rs 1.30Cr. Ten observations between 4.38% and 4.83% with no step; fitted slope 4.39% with Rs 4,649 fixed over the eight above Rs 17 lakh. NOT read from any Madhya Pradesh instrument), verified on 7 August 2026.
Is the Volvo EC40 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 Volvo EC40 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).