# Yamaha MT-03 — Price in India 2026

> Yamaha MT-03 ex-showroom price: ₹3,49,900.

Source: https://indianautoforum.com/bikes/yamaha/mt-03/price

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-wise Ex-showroom Price
| Variant | Price |
|---------|-------|
| Standard | ₹ 3,29,908 |

Note: Prices are ex-showroom. On-road price varies by city (RTO charges, insurance, etc.).

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.

## FAQs

**What is the on-road price of Yamaha MT-03 in Delhi and Mumbai?**
The on-road price of the Yamaha MT-03 in Delhi is Rs 3,79,433, which includes ex-showroom (Rs 3,29,608), RTO (Rs 27,869), and comprehensive insurance (Rs 21,956). In Mumbai, the on-road price is Rs 3,93,876 - the higher road tax in Maharashtra accounts for the difference.

**What are the RTO charges for Yamaha MT-03?**
RTO charges vary significantly by state. In Delhi, road tax on the MT-03 is Rs 27,869 (approximately 8.5% of ex-showroom). In Hyderabad, it rises to Rs 61,500 due to Telangana's higher slab for bikes above 300cc. Bangalore and Mumbai fall in between.

**Has the price of Yamaha MT-03 changed recently?**
Yes - Yamaha reduced the MT-03's ex-showroom price by approximately Rs 1 lakh in early 2025, bringing it down from Rs 4,30,000+ to the current Rs 3,29,608 in Delhi. This was a strategic repositioning to compete more directly with the KTM 390 Duke. No further price revision has been announced as of June 2026.

**Why is the on-road price of Yamaha MT-03 higher in Bangalore than Delhi?**
The on-road price difference is driven almost entirely by road tax. Karnataka (Bangalore) charges a higher road tax slab for bikes above 300cc, pushing the on-road cost to Rs 4,09,695 vs Delhi's Rs 3,79,433 - a difference of approximately Rs 30,000 on the same ex-showroom price.

## More
- [Overview](/bikes/yamaha/mt-03)
- [Variants & Specs](/bikes/yamaha/mt-03/variants)
- [Full Specifications](/bikes/yamaha/mt-03/specifications)