1/12Tap to zoomYamaha MT-03
Yamaha · Motorcycle
MT-03 On Road Price in Mysuru
₹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 Mysuru, Karnataka - 2026
The on-road price of Yamaha MT-03 in Mysuru, Karnataka is ₹3,93,063. 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): ₹42,888 (13% of ex-showroom) Road tax in Karnataka is charged at 13% 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 Mysuru: ₹3,93,063
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 Mysuru
Karnataka — based on base variant (ex-showroom)
| Ex-Showroom Price | ₹3,29,908 |
| Road Tax (13%) | ₹42,888 |
| InsuranceThird Party (5yr): ₹7,365 | Own Damage (1yr): ₹9,402 | ₹16,767 |
| Other ChargesHandling, smart card, number plate | ₹3,500 |
| On-Road Price | ₹3,93,063 |
Karnataka charges a flat 13% road tax on all two-wheelers, applied to the ex-showroom price at the time of vehicle registration. This is among the highest road tax rates in India. The RTO fee is a one-time payment made at registration and is non-refundable.
| Variant | Ex-Showroom | On-Road (Mysuru) |
|---|---|---|
| Standard | ₹ 3,29,908 | ₹3,93,063 |
* On-road prices are indicative. Includes road tax at 13%, 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 Mysuru, 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 ₹3,93,063 minus your down payment - not just the ex-showroom figure. Most banks in Karnataka offer 12-36 month tenure for the MT-03 at 9-11% interest rates. The final on-road price of ₹3,93,063 in Mysuru is your true cost of ownership start.
Frequently Asked Questions
QWhat is the on-road price of Yamaha MT-03 in Mysuru?▾
QWhat is the road tax for Yamaha MT-03 in Karnataka?▾
QWhat is the EMI for Yamaha MT-03 in Mysuru?▾
QWhat does insurance cost for Yamaha MT-03 in Mysuru?▾
On-Road Price in Other Cities
| City | On-Road Price (from) |
|---|---|
| Bangalore | ₹3,93,063 |