1/9Tap to zoomYamaha Ray ZR 125
Yamaha · Motorcycle
Ray ZR 125 On Road Price in Mumbai
₹ 76,887ex-showroom · last updated 2026
- Engine
- 125cc
- Power
- 8.04bhp
- Mileage
- 49kmpl
- Weight
- 99kg
03 / On-Road Price
Yamaha Ray ZR 125 On-Road Price in Mumbai 2026
The on-road price of Yamaha Ray ZR 125 in Mumbai, Maharashtra is ₹97,200. This is the total amount you pay before riding the scooter out of the dealership - it includes everything from the ex-showroom price to state government charges and first-year insurance.
Here is the full price breakdown:
Ex-showroom price: ₹78,919 This is the manufacturer's listed price before any state-level taxes or other charges.
Road Tax (RTO): ₹8,681 (11% of ex-showroom) Road tax in Maharashtra is charged at 11%, collected by the Regional Transport Office at registration. Rates vary by state - this figure is specific to Maharashtra.
Insurance charges: ₹6,100 This covers mandatory third-party (TP) insurance of ₹3,851 - required under Indian law - and own-damage (OD) insurance of ₹2,249 for the first year. TP rates are IRDAI-fixed and identical across all insurers; OD premiums vary.
Dealer/handling charges: ₹3,500 This fixed charge covers pre-delivery inspection, documentation, and number plate fitting.
Total on-road price: ₹97,200
For EMI buyers in Mumbai: with a 20% down payment and a 36-month loan at 10.5% interest, your estimated monthly payment is approximately Rs 2,159/month for the base Drum variant. Stepping up to the Disc variant adds around Rs 180-220/month.
The Yamaha Ray ZR 125 runs on a 125 cc hybrid engine with a claimed ARAI mileage of 71.33 kmpl, which typically translates to real-world city mileage of 55-65 kmpl - keeping your monthly fuel spend well under Rs 1,500 for 40-50 km of daily commuting in Mumbai.
On-Road Price in Mumbai
Maharashtra — based on base variant (ex-showroom)
| Ex-Showroom Price | ₹78,919 |
| Road Tax (11%) | ₹8,681 |
| InsuranceThird Party (5yr): ₹3,851 | Own Damage (1yr): ₹2,249 | ₹6,100 |
| Other ChargesHandling, smart card, number plate | ₹3,500 |
| On-Road Price | ₹97,200 |
Maharashtra levies 11% road tax on two-wheelers, calculated on the ex-showroom price. The fee is paid once at the Regional Transport Office (RTO) during registration. Maharashtra has a dense dealer network, and on-road prices are consistent across Mumbai, Pune, Nagpur, and other cities in the state.
| Variant | Ex-Showroom | On-Road (Mumbai) |
|---|---|---|
| Ray ZR 125 Drum - Hybrid | ₹ 78,919 | ₹97,200 |
| Ray ZR 125 Disc Hybrid | ₹ 85,726 | ₹1,04,950 |
| Ray ZR 125 Disc - Racing Blue and Dark Matte Blue | ₹ 86,626 | ₹1,05,975 |
| Ray ZR 125 Street Rally - Hybrid | ₹ 91,306 | ₹1,11,303 |
* On-road prices are indicative. Includes road tax at 11%, 5-year third-party insurance, 1-year own-damage insurance, and other charges. Actual prices may vary by dealer.
Before visiting a Yamaha dealership in Mumbai, a few things are worth knowing. Dealerships in Maharashtra have limited room for ex-showroom price negotiation - typically Rs 1,000-2,000 in accessories or a complimentary first-service coupon rather than a direct cash discount. Corporate discounts and exchange bonuses can bring the effective on-road price below ₹97,200 by Rs 3,000-5,000 depending on the dealer. Check whether Maharashtra applies reduced road tax for hybrid-category two-wheelers - some states do, saving Rs 2,000-4,000 at registration. When Year 1 insurance expires, compare renewal quotes from HDFC Ergo, Bajaj Allianz, and ICICI Lombard - switching from the dealer-recommended insurer can save Rs 500-1,500 on the OD premium.