Mahindra Bolero Neo On-Road Price in Mumbai
₹9.06 Lakh to ₹10.85 Lakhex-showroom
The Bolero Neo on-road price in Mumbai is ₹10.61 Lakh to ₹12.92 Lakh, from the Bolero Neo N4 to the top Bolero Neo N10 (O).
Maharashtra charges diesel cars 13% up to ₹10 lakh and 14% above it, plus a road safety cess. The Bolero Neo N10 (R), priced just ₹101 short of ₹10 lakh, is the last version on the lower rate.
Bolero Neo Cost Breakdown in Mumbai: RTO & Tax, Variant by Variant
Pick a variant to see what you pay for it in Mumbai: the ex-showroom price, road tax, insurance and RTO fees. Maharashtra charges a one-time road tax on the ex-showroom price, and the rate rises with that price. For the diesel Bolero Neo it is 13% up to ₹10 lakh ex-showroom and 14% from the Bolero Neo N11 variant up. Variants above ₹10 lakh ex-showroom, from the Bolero Neo N11 variant, also carry 1% TCS.
- Ex-showroom priceSet by the carmaker, GST included
- ₹9,99,89985%
- Maharashtra road tax (13%)One-time, charged on the ex-showroom price
- ₹1,29,98711%
- Road safety cess (2% of road tax)Collected with the road tax
- ₹2,6001%
- Insurance (estimate)First-year comprehensive cover
- ₹34,9963%
- RTO chargesRegistration fee, smart card and the state's service charge
- ₹8001%
- FASTag and paperwork (estimate)Charged by the dealer, not the government
- ₹2,5001%
- On-road price
- ₹11,70,782
A dealer quote can be higher if it bundles accessories, an extended warranty or other packs. Those are optional, so ask for an itemised quote and check each line against these figures. Insurance is an estimate and you can buy it from any insurer. Road tax verified November 2026.
Mumbai price list for every Bolero Neo variant
The Bolero Neo comes in 5 variants, all diesel.
- Bolero Neo N4Lowest price
Diesel · Manual
₹10.61 Lakh
₹9.06 Lakh ex-showroom
Diesel · Manual
₹11.34 Lakh
₹9.69 Lakh ex-showroom
₹11.70 Lakh
₹9.99 Lakh ex-showroom
Diesel · Manual
₹12.37 Lakh
₹10.39 Lakh ex-showroom
Diesel · Manual
₹12.92 Lakh
₹10.85 Lakh ex-showroom
On-road prices for Mumbai include RTO road tax, insurance and registration fees.
Which Bolero Neo variant gives you the most for the money?
The Bolero Neo N10 (R) at ₹11.70 lakh is the one to buy here. Over the Bolero Neo N8, it adds the touchscreen, a rear camera, cruise control, fog lamps and alloys for ₹36,078.
Its rear camera and electrically adjustable mirrors also make tight Mumbai parking easier.
Compare any two variants below to see the extra on-road cost and what you get for it.
- ▲Reverse camera
- ▲Cruise control
- ▲Touchscreen
- ▲Alloy wheels
Same engine and power, so you are paying for features, not performance.
Monthly EMI on a Bolero Neo in Mumbai
On a five-year loan at 9%, the Bolero Neo N10 (R) variant works out to ₹19,443 a month with 20% down. Each extra percentage point on your loan rate adds about ₹458 to that.
| Variant | On-road | 10% down | 20% down | 30% down |
|---|---|---|---|---|
Bolero Neo N4 Lowest price | ₹10.61 Lakh | ₹19,825 | ₹17,622 | ₹15,419 |
Bolero Neo N10 (R) Value pick | ₹11.70 Lakh | ₹21,873 | ₹19,443 | ₹17,012 |
Bolero Neo N10 (O) Top variant | ₹12.92 Lakh | ₹24,139 | ₹21,457 | ₹18,775 |
Monthly instalments on the full Mumbai on-road price less your down payment, over 60 months at 9%. Your bank sets the actual rate. Processing fees and the yearly insurance renewal are extra. Set your own down payment and tenure in the EMI calculator.
What a Bolero Neo costs to run in Mumbai
At Mumbai's fuel prices, the Bolero Neo N4 variant costs about ₹7 a kilometre to run.
| Fuel | Price | Real mileage | Per km | 1,000 km a month | 1,500 km a month | 2,000 km a month |
|---|---|---|---|---|---|---|
diesel Bolero Neo N4 | ₹97.83/l | 14.2 km/l | ₹6.90 | ₹6,900 | ₹10,350 | ₹13,800 |
Mumbai fuel prices on 6 November 2026 (PPAC daily price, CNG from Mahanagar Gas). Real mileage is 82% of the ARAI figure, since daily driving rarely matches the test. Fuel only: servicing and insurance are not included.
How safe is the Bolero Neo?
Two airbags come on every variant, from the Bolero Neo N4 variant.
Bolero Neo against its rivals in Mumbai
On-road in Mumbai they start between ₹10.03 lakh and ₹15.98 lakh, against ₹10.61 lakh for the Bolero Neo.
| Car | On-road from | Fuels | Automatic from | Bharat NCAP |
|---|---|---|---|---|
| Mahindra Bolero Neo | ₹10.61 Lakh | diesel | Manual only | Not tested |
| Mahindra Bolero | ₹10.03 Lakh | diesel | Manual only | Not tested |
| Maruti Suzuki Ertiga | ₹10.24 Lakh | petrol, CNG | ₹13.22 Lakh | Not tested |
| Mahindra Scorpio Classic | ₹15.98 Lakh | diesel | Manual only | Not tested |
Cheapest on-road price in Mumbai for each car. Bharat NCAP ratings can leave out some versions, so check the variant you want.
Is the Bolero Neo cheaper in another city?
Road tax is set by each state, so the Bolero Neo N10 (R) variant costs ₹72,593 more in Mumbai than in Ahmedabad. Register the car where you live, though. Keep a car from another state in Maharashtra for more than 12 months and you must re-register it here and pay Maharashtra's road tax as well.
| City | Road tax | Bolero Neo N4 | Bolero Neo N10 (R) | vs Mumbai |
|---|---|---|---|---|
| Bolero Neo in Ahmedabad | 6% | ₹9.95 Lakh | ₹10.98 Lakh | ₹72,593 less |
| Bolero Neo in Delhi | 8.75% | ₹10.20 Lakh | ₹11.25 Lakh | ₹45,095 less |
| Bolero Neo in Chennai | 13% | ₹10.61 Lakh | ₹11.70 Lakh | ₹150 less |
| Mumbai | 13% | ₹10.61 Lakh | ₹11.70 Lakh | |
| Bolero Neo in Pune | 13% | ₹10.61 Lakh | ₹11.70 Lakh | Same |
| Bolero Neo in Hyderabad | 14% | ₹10.73 Lakh | ₹11.84 Lakh | ₹13,399 more |
| Bolero Neo in Bangalore | 14% | ₹10.82 Lakh | ₹11.94 Lakh | ₹23,798 more |
Road tax rate for the Bolero Neo N10 (R) variant. Each city uses its own state's tax, cesses and fees.
Bolero Neo in Mumbai: questions buyers ask
Does the Bolero Neo have a rear wiper?
From the Bolero Neo N8 up, together with a rear defogger. The base Bolero Neo N4 has neither, which you will notice in the monsoon.
What is Eco mode on the Bolero Neo?
Every version has an Eco mode for the engine and another for the air conditioning, plus engine start stop. Together they are meant to cut diesel use in slow traffic.
What are the Bolero Neo's seats covered in?
Vinyl on the Bolero Neo N4, and fabric on the Bolero Neo N8 and Bolero Neo N10 (R). The Bolero Neo N10 (O) gets Mocha Brown leatherette, and the Bolero Neo N11 Lunar Grey leatherette.
Does the Bolero Neo come in a dual tone colour?
Only the Bolero Neo N11, in Jeans Blue or Pearl White with a black roof. That version is also offered in plain Stealth Black.
Who designed the Bolero Neo's dashboard?
Mahindra's brochure credits the Italian design house Pininfarina with the interior dashboard. The 22.8 cm touchscreen set into it comes from the Bolero Neo N10 (R) up.