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Matter · Motorcycle
AERA On Road Price in Indore
₹ 1,82,784ex-showroom · last updated 2026
- Weight
- 168kg
03 / On-Road Price
Matter AERA On-Road Price in Indore, Madhya Pradesh (2026)
The on-road price of Matter AERA in Indore (Madhya Pradesh) is ₹2,11,795. This breaks down into an ex-showroom price of ₹1,82,784, road tax of ₹16,451 at 9%, insurance charges of ₹9,060, and dealer/handling fees of ₹3,500.
The Matter AERA is an electric motorcycle, which works in your favour when it comes to road tax. Madhya Pradesh applies a 9% road tax rate on electric two-wheelers - considerably lower than the 12-15% typically levied on petrol motorcycles in the same price bracket. That saving meaningfully closes the on-road price gap between the AERA and a similarly priced ICE commuter.
Insurance for the Matter AERA is split into two components. Third-party insurance - required by law - is fixed by IRDAI and amounts to ₹3,851 for the policy year. Own-damage insurance is optional but strongly recommended given the ₹1,82,784 replacement value of the bike; it adds ₹5,209 to the first-year cost. Together, insurance totals ₹9,060 for the first year.
Dealer charges of ₹3,500 are standard across Matter's service network, covering pre-delivery inspection, documentation, and handling. This figure is generally fixed, though some dealers in competitive markets like Bangalore and Pune have waived a portion for outright cash purchases - worth asking.
Your complete outgo to bring the AERA home in Indore is ₹2,11,795, comprising ₹1,82,784 (ex-showroom) + ₹16,451 (road tax at 9%) + ₹9,060 (insurance) + ₹3,500 (dealer charges). If any state-level EV purchase subsidy is active in Madhya Pradesh, this figure reduces further - confirm eligibility and current scheme status with your nearest Matter dealer before finalising the purchase.
On-Road Price in Indore
Madhya Pradesh — based on base variant (ex-showroom)
| Ex-Showroom Price | ₹1,82,784 |
| Road Tax (9%) | ₹16,451 |
| InsuranceThird Party (5yr): ₹3,851 | Own Damage (1yr): ₹5,209 | ₹9,060 |
| Other ChargesHandling, smart card, number plate | ₹3,500 |
| On-Road Price | ₹2,11,795 |
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) |
|---|---|---|
| AERA 5000 | ₹ 1,82,784 | ₹2,11,795 |
| AERA 5000+ | ₹ 1,93,826 | ₹2,24,145 |
* 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.
At an on-road price of ₹2,11,795 in Indore, the Matter AERA is the most affordable geared electric motorcycle in India. A few practical tips before you sign:
First, ask your dealer explicitly about EV purchase subsidies in Madhya Pradesh - these schemes update frequently and dealers don't always surface them proactively. Second, compare own-damage insurance quotes independently via Acko, Digit, or New India Assurance before accepting the dealer's bundled policy; direct OD premiums are often Rs 1,500-3,000 lower per year. Third, if you're financing the purchase, check SBI's Green Car Loan and Bank of Baroda's EV scheme - preferential rates of 7-8.5% p.a. are available for electric two-wheelers versus 10-12% for standard ICE bike loans. These optimisations can meaningfully reduce your total cost of ownership from Indore over a three-year finance term.