SP160 On Road Price in Madurai

The on-road price of Honda SP160 in Madurai, Tamil Nadu is ₹1,39,751. 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 Tamil Nadu, though dealers may occasionally offer small extras like accessories discounts or first-service coupons.

Road Tax (RTO): ₹9,302 at 8% of ex-showroom. This one-time lifetime tax is levied by the Tamil Nadu government and paid at registration. The rate varies significantly by state - Tamil Nadu's 8% for a 162.71 cc motorcycle is typical for the region. This amount goes directly to the Tamil Nadu 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 Madurai: ₹1,39,751.

For EMI buyers in Madurai: 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 Madurai.