1/12Tap to zoomYamaha MT-03
Yamaha · Motorcycle
MT-03 Ex-Showroom Price
₹3.50 Lakhex-showroom · last updated 2026
- Engine
- 321cc
- Power
- 41.4bhp
- Weight
- 167kg
03 / Price
Yamaha MT-03 On-Road Price in India - All Cities 2026
The Yamaha MT-03 is priced at Rs 3,29,608 ex-showroom in Delhi - but that's not what you actually pay at the dealership. Once road tax, insurance, and registration charges are added, the on-road figure rises considerably, and it varies quite a bit depending on which state you buy in.
On-road prices across major Indian cities (June 2026):
| City | Ex-Showroom | RTO | Insurance | On-Road |
|---|---|---|---|---|
| Delhi | Rs 3,29,608 | Rs 27,869 | Rs 21,956 | Rs 3,79,433 |
| Mumbai | Rs 3,30,286 | Rs 41,134 | Rs 22,456 | Rs 3,93,876 |
| Hyderabad | Rs 3,29,607 | Rs 61,500 | Rs 18,409 | Rs 4,11,001 |
| Bangalore | Rs 3,29,608 | - | - | Rs 4,09,695 |
The spread between Delhi (Rs 3.79 lakh) and Hyderabad (Rs 4.11 lakh) is over Rs 30,000 - almost entirely due to Telangana's higher road tax on bikes above 300cc. Karnataka similarly levies steep RTO charges on performance bikes, which is why Bangalore's on-road cost is close to Hyderabad's.
If you're flexible on city of purchase, registering in Delhi gives you the lowest on-road cost in India. However, if you're riding the bike primarily in another state, check with your RTO about re-registration requirements - using a Delhi-registered bike in Karnataka long-term can attract penalties.
Insurance adds another Rs 18,000-22,000 depending on the city and insurer. Third-party (TP) insurance is mandatory and priced by IRDAI regulations; the comprehensive/own-damage premium is where you have flexibility. Shopping around with online insurers like Acko or Digit can save Rs 3,000-5,000 on the OD premium compared to dealership-sourced insurance.
| Variant | Ex-Showroom Price |
|---|---|
| Standard | ₹ 3,29,908 |
* Average ex-showroom prices. Select a city above to see the full on-road price including RTO, insurance, and other charges.
Yamaha MT-03 On-Road Price — All Cities
EMI buyers: at Rs 3,29,608 ex-showroom with a 20% down payment (Rs 65,922) and the remaining Rs 2,63,686 financed at 9.5% for 36 months, the EMI works out to roughly Rs 8,400 per month. Most major banks and NBFCs finance the MT-03 given Yamaha's strong resale reputation. Consider a 24-month tenure if you want to reduce total interest paid, keeping the EMI closer to Rs 12,000. Always factor in the on-road price - not just ex-showroom - when calculating your loan amount and down payment.