1/8Tap to zoomHonda SP160
Honda · Motorcycle
SP160 On Road Price in Indore
₹ 1,16,270ex-showroom · last updated 2026
- Engine
- 162.71cc
- Power
- 13.27bhp
- Weight
- 138kg
03 / On-Road Price
Honda SP160 On-Road Price in Indore - Full Breakdown 2026
The on-road price of Honda SP160 in Indore, Madhya Pradesh is ₹1,40,913. This is the total amount you'll pay at the showroom to ride the bike home, and it covers four components beyond the manufacturer's ex-showroom sticker.
Ex-showroom price: ₹1,16,270. This is Honda's base price before state-level charges are added. It's consistent across all authorised Honda dealers in Madhya Pradesh, though dealers may occasionally offer small extras like accessories discounts or first-service coupons.
Road Tax (RTO): ₹10,464 at 9% of ex-showroom. This one-time lifetime tax is levied by the Madhya Pradesh government and paid at registration. The rate varies significantly by state - Madhya Pradesh's 9% for a 162.71 cc motorcycle is typical for the region. This amount goes directly to the Madhya Pradesh RTO and is non-negotiable regardless of the dealer.
Insurance: ₹10,679 covering both third-party (₹7,365) and own-damage (₹3,314) cover. Third-party insurance is mandatory under Indian law - you cannot register or ride the Honda SP160 without it. Own-damage cover is optional but strongly recommended given the cost of accident repairs on a modern bike with TFT displays and LED lighting. The SP160's insurance premium is in line with the 160cc segment.
Dealer / Handling charges: ₹3,500. This covers pre-delivery inspection, number plate fabrication, temporary registration, and documentation. It's a standard charge that can occasionally be negotiated if you're purchasing accessories alongside the bike.
Total on-road price in Indore: ₹1,40,913.
For EMI buyers in Indore: financing 80% of the on-road price over 36 months at approximately 9.5% interest gives a monthly EMI of roughly Rs 2,900-3,300 per month depending on your lender. Honda's authorised finance partners - HDFC, Bajaj Finserv, and Honda Financial Services - are all available at Wing World and BigWing dealerships across Indore.
On-Road Price in Indore
Madhya Pradesh — based on base variant (ex-showroom)
| Ex-Showroom Price | ₹1,16,270 |
| Road Tax (9%) | ₹10,464 |
| InsuranceThird Party (5yr): ₹7,365 | Own Damage (1yr): ₹3,314 | ₹10,679 |
| Other ChargesHandling, smart card, number plate | ₹3,500 |
| On-Road Price | ₹1,40,913 |
Madhya Pradesh levies 9% road tax on two-wheelers. The road tax is a one-time payment collected at registration. On-road prices are uniform across Indore, Bhopal, Jabalpur, and other cities in the state.
| Variant | Ex-Showroom | On-Road (Indore) |
|---|---|---|
| SP160 Single Disc | ₹ 1,16,270 | ₹1,40,913 |
| SP160 Double Disc | ₹ 1,21,780 | ₹1,47,076 |
* On-road prices are indicative. Includes road tax at 9%, 5-year third-party insurance, 1-year own-damage insurance, and other charges. Actual prices may vary by dealer.
When finalising your purchase in Indore, visit at least two authorised Honda dealers before committing. Ex-showroom prices are fixed, but dealers vary on what they bundle - some include a free first service, an accessories kit, or an extended warranty. The on-road price of ₹1,40,913 is your baseline; anything added beyond that should be specifically chosen by you. For insurance, getting a quote from HDFC Ergo or Bajaj Allianz independently before visiting the showroom often saves Rs 500-1,500 compared to the dealer's default bundled insurer. Don't let a dealer rush you into a same-day booking without confirming the full on-road breakup in writing.