1/12Tap to zoomYamaha MT-03
Yamaha · Motorcycle
MT-03 On Road Price in Delhi
₹3.50 Lakhex-showroom · last updated 2026
- Engine
- 321cc
- Power
- 41.4bhp
- Weight
- 167kg
03 / On-Road Price
Yamaha MT-03 On-Road Price in Delhi, Delhi - 2026
The on-road price of Yamaha MT-03 in Delhi, Delhi is ₹3,83,166. This is the total amount you'll pay to ride the MT-03 legally on Indian roads - it breaks down into four components.
Ex-showroom price: ₹3,29,908 This is the base manufacturer price before state taxes. Yamaha's ex-showroom price for the MT-03 is consistent across most cities - the variation in on-road cost comes from state-level road tax differences, not from the ex-showroom figure.
Road Tax (RTO): ₹32,991 (8-10% of ex-showroom) Road tax in Delhi is charged at 8-10% for the Yamaha MT-03 based on the engine displacement and ex-showroom price bracket. This is a one-time payment made at the time of registration and is non-refundable. States like Telangana and Karnataka charge significantly higher road tax on bikes above 300cc compared to Delhi, which is why on-road prices in Hyderabad and Bangalore are higher.
Insurance: ₹16,767 This includes both third-party (TP) insurance - mandatory by law and fixed by IRDAI - and own-damage (OD) insurance. The Yamaha MT-03's comprehensive insurance covers theft, accidental damage, and third-party liability. You can reduce the OD premium by purchasing separately through online insurers rather than through the dealership.
Dealer/Handling charges: ₹3,500 These cover temporary registration, number plate fitting, and dealer handling. This is a fixed charge across most dealerships.
Total On-Road Price in Delhi: ₹3,83,166
This is valid for the 2026 model year. Prices are subject to change with any revision in road tax slabs, insurance premiums, or ex-showroom price by Yamaha India.
On-Road Price in Delhi
Delhi — based on base variant (ex-showroom)
| Ex-Showroom Price | ₹3,29,908 |
| Road Tax (8-10%) | ₹32,991 |
| InsuranceThird Party (5yr): ₹7,365 | Own Damage (1yr): ₹9,402 | ₹16,767 |
| Other ChargesHandling, smart card, number plate | ₹3,500 |
| On-Road Price | ₹3,83,166 |
Delhi (UT) charges road tax on a slab basis: 8% if the ex-showroom price is ₹60,000 or below, and 10% if above. This tiered structure means smaller-displacement bikes attract lower tax than mid-range or premium motorcycles. Delhi's road tax rates differ from neighbouring Haryana and Uttar Pradesh, so on-road prices vary across the NCR.
| Variant | Ex-Showroom | On-Road (Delhi) |
|---|---|---|
| Standard | ₹ 3,29,908 | ₹3,83,166 |
* On-road prices are indicative. Includes road tax at 8-10%, 5-year third-party insurance, 1-year own-damage insurance, and other charges. Actual prices may vary by dealer.
When buying the Yamaha MT-03 in Delhi, keep these practical points in mind: First, confirm the on-road price in writing - some dealerships add undisclosed charges for accessories or extended warranty without your consent. Second, compare insurance quotes from at least three insurers online (Acko, Digit, Bajaj Allianz) before accepting the dealership's insurance offer - you can save Rs 3,000-5,000 on the OD premium. Third, if you're financing, calculate your EMI based on the total on-road price of ₹3,83,166 minus your down payment - not just the ex-showroom figure. Most banks in Delhi offer 12-36 month tenure for the MT-03 at 9-11% interest rates. The final on-road price of ₹3,83,166 in Delhi is your true cost of ownership start.