The Mahindra Bolero Neo combines rugged capability with modern features, making it a popular choice in the compact SUV segment. While the ex-showroom price starts at ₹9.97 Lakh, understanding the complete on-road price is essential for making an informed purchase decision. This comprehensive guide breaks down the Mahindra Bolero Neo on-road price across major Indian cities, explains price components, compares variants, and provides valuable buying tips to help you get the best deal.
Mahindra Bolero Neo Price Overview
The Mahindra Bolero Neo is available in four variants: N4 (base), N8, N10 Option, and N10 R (top). The ex-showroom price ranges from ₹9.97 Lakh to ₹11.49 Lakh, while the on-road price varies from ₹11.46 Lakh to ₹13.74 Lakh depending on the variant and city.
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Understanding On-Road Price Components
The on-road price of the Mahindra Bolero Neo consists of several components beyond the ex-showroom price. Understanding these elements helps you prepare for the total cost of ownership:
On-Road Price Formula
The on-road price is calculated using the following formula:
On-Road Price = Ex-showroom Price + RTO Registration + Insurance + Road Tax + Other Charges
- Ex-showroom Price: The base price set by the manufacturer (₹9.97 – ₹11.49 Lakh)
- RTO Registration: Government fees for vehicle registration (varies by state, typically 8-14% of ex-showroom price)
- Insurance: Mandatory vehicle insurance (approximately ₹53,000 – ₹60,000)
- Road Tax: State-specific tax (varies from 8% to 20% depending on the state)
- Other Charges: Includes handling fees, extended warranty, accessories (₹10,000 – ₹47,000)
Mahindra Bolero Neo On-Road Price in Major Cities
The on-road price of the Bolero Neo varies significantly across different cities due to varying state taxes and registration fees. Here’s a comparison of on-road prices in major Indian cities:
| City | N4 (Base) | N8 | N10 Option | N10 R (Top) |
| New Delhi | ₹11.46 Lakh | ₹12.77 Lakh | ₹13.00 Lakh | ₹13.74 Lakh |
| Mumbai | ₹11.83 Lakh | ₹12.94 Lakh | ₹13.25 Lakh | ₹14.66 Lakh |
| Bangalore | ₹12.03 Lakh | ₹13.17 Lakh | ₹13.58 Lakh | ₹15.19 Lakh |
| Chennai | ₹11.98 Lakh | ₹13.12 Lakh | ₹13.47 Lakh | ₹15.32 Lakh |
| Hyderabad | ₹12.05 Lakh | ₹13.19 Lakh | ₹13.56 Lakh | ₹15.17 Lakh |
| Pune | ₹11.73 Lakh | ₹12.84 Lakh | ₹13.15 Lakh | ₹13.75 Lakh |
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Mahindra Bolero Neo Variant-wise Price Comparison
The Bolero Neo is available in four variants, each offering different features and equipment. Understanding the price difference between variants helps in making an informed choice:
| Variant | Ex-Showroom Price | Key Features | On-Road Price (Delhi) |
| N4 (Base) | ₹9.97 Lakh | 1.5L Diesel Engine (98.56 bhp), Manual Transmission, Dual Airbags, ABS with EBD, Power Windows | ₹11.46 Lakh |
| N8 | ₹10.66 Lakh | All N4 features + Electrically Adjustable ORVMs, Rear Wiper & Washer, Body-Colored Bumpers, Wheel Covers | ₹12.77 Lakh |
| N10 Option | ₹10.95 Lakh | All N8 features + 7-inch Touchscreen, Cruise Control, Height-Adjustable Driver Seat, Steering-Mounted Controls | ₹13.00 Lakh |
| N10 R (Top) | ₹11.49 Lakh | All N10 features + Multi-Terrain Technology (Mechanical Locking Differential), Static Bending Headlamps | ₹13.74 Lakh |
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Mahindra Bolero Neo EMI Calculator
Planning to finance your Bolero Neo? Here’s a quick overview of the estimated EMI amounts based on different loan terms:
| Variant | Loan Amount (80%) | EMI for 3 Years | EMI for 5 Years | EMI for 7 Years |
| N4 (Base) | ₹9.17 Lakh | ₹29,456 | ₹19,135 | ₹14,853 |
| N8 | ₹10.22 Lakh | ₹32,817 | ₹21,324 | ₹16,548 |
| N10 Option | ₹10.40 Lakh | ₹33,407 | ₹21,705 | ₹16,845 |
| N10 R (Top) | ₹10.99 Lakh | ₹35,311 | ₹22,945 | ₹17,809 |
Note: EMI calculated at 9.8% interest rate. Actual rates may vary based on your credit profile and lender policies.
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Mahindra Bolero Neo vs Competitors: Price Comparison
How does the Bolero Neo stack up against its competitors in terms of pricing and features? Here’s a detailed comparison:
| Model | Ex-Showroom Price Range | Engine Options | Power Output | Key Features |
| Mahindra Bolero Neo | ₹9.97 – 11.49 Lakh | 1.5L Diesel | 98.56 bhp | Rear Wheel Drive, Mechanical Locking Differential, 7-inch Touchscreen, Cruise Control |
| Mahindra Bolero | ₹9.70 – 10.93 Lakh | 1.5L Diesel | 74.96 bhp | 7-Seater, Digital Instrument Cluster, Power Windows, AC |
| Maruti Brezza | ₹8.69 – 14.14 Lakh | 1.5L Petrol/CNG | 101.64 bhp | Sunroof, 9-inch Touchscreen, 6 Airbags, 360° Camera |
| Tata Nexon | ₹8.00 – 15.60 Lakh | 1.2L Petrol, 1.5L Diesel | 118.27 bhp | 10.25-inch Touchscreen, Ventilated Seats, 6 Airbags, ADAS |
| Mahindra XUV 3XO | ₹7.99 – 15.80 Lakh | 1.2L Petrol, 1.5L Diesel | 128.73 bhp | Panoramic Sunroof, ADAS, 10.25-inch Touchscreen, 6 Airbags |
Value Proposition of Bolero Neo
The Mahindra Bolero Neo stands out in its segment for several reasons:
- Rugged Build: Body-on-frame construction offers better durability on rough roads
- Off-Road Capability: Rear-wheel drive with mechanical locking differential (N10 R variant)
- Fuel Efficiency: 17.29 kmpl claimed mileage is competitive for a diesel SUV
- Spacious Interior: 7-seater configuration with foldable jump seats
- Lower Maintenance: Simpler mechanical design means potentially lower service costs
Key Factors Affecting Mahindra Bolero Neo On-Road Price
Several factors influence the final on-road price of the Mahindra Bolero Neo:
Variant Selection
The price difference between the base N4 and top-end N10 R variant is approximately ₹1.5 Lakh ex-showroom. Higher variants offer additional features like touchscreen infotainment, cruise control, and mechanical locking differential.
State-Specific Taxes
Road tax varies significantly across states, ranging from 8% to 20% of the ex-showroom price. States like Karnataka and Tamil Nadu have higher road tax rates, resulting in higher on-road prices compared to Delhi or Maharashtra.
Insurance Options
Basic third-party insurance is mandatory, but comprehensive insurance with add-ons like zero depreciation cover and engine protection can increase the initial cost while providing better coverage.
Smart Buying Tips for Mahindra Bolero Neo
Here are some valuable tips to help you get the best deal on your Mahindra Bolero Neo purchase:
Timing Your Purchase
- Year-End Deals: December often brings the best discounts as dealers try to clear inventory
- Festival Season: Navratri, Diwali, and other festivals typically feature special offers
- Model Year Transitions: When new model years are introduced, previous models may be available at lower prices
Negotiation Strategies
- Corporate Discounts: Many companies have tie-ups with Mahindra for employee discounts
- Exchange Bonus: Trading in your old vehicle can fetch additional discounts of ₹10,000-₹25,000
- Accessories Package: Negotiate for free accessories rather than direct price cuts
- Insurance: Compare quotes from different providers as dealer insurance is often marked up
Current Offers (June 2024)
- Cash Discount: Up to ₹15,000 on select variants
- Exchange Bonus: Additional ₹20,000 on trading in your old vehicle
- Corporate Discount: Up to ₹5,000 for eligible corporate employees
- Special Financing: Low interest rates starting from 7.99% with select banking partners
- Free Accessories: Worth up to ₹10,000 including floor mats, mud flaps, and seat covers
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Long-Term Ownership Cost of Mahindra Bolero Neo
Beyond the initial on-road price, consider these long-term ownership costs when planning your purchase:
| Expense Category | Estimated Cost | Frequency | 5-Year Total |
| Fuel (@ 17.29 kmpl, 1000 km/month) | ₹5,780 | Monthly | ₹3,46,800 |
| Regular Service | ₹5,000 – ₹8,000 | Every 10,000 km | ₹30,000 |
| Insurance Renewal | ₹18,000 – ₹25,000 | Annual | ₹1,00,000 |
| Tires Replacement | ₹28,000 | Once in 5 years | ₹28,000 |
| Miscellaneous Repairs | ₹5,000 | Annual | ₹25,000 |
| Estimated 5-Year Ownership Cost (excluding on-road price) | ₹5,29,800 | ||
Is the Mahindra Bolero Neo Worth Its On-Road Price?
The Mahindra Bolero Neo offers a unique value proposition in the compact SUV segment. With its rugged body-on-frame construction, capable diesel engine, and mechanical locking differential (in the top variant), it stands out as a true off-road capable vehicle at an accessible price point.
Pros
- Robust build quality with body-on-frame construction
- Powerful and efficient 1.5L diesel engine (98.56 bhp)
- Mechanical locking differential for better off-road capability
- Spacious 7-seater configuration with jump seats
- Good ground clearance of 160mm
- Competitive fuel efficiency of 17.29 kmpl
Cons
- 1-star Global NCAP safety rating
- Basic interior quality compared to monocoque SUVs
- Limited feature list in lower variants
- Stiff ride quality on uneven roads
- No automatic transmission option
- Only available in diesel, no petrol option
For buyers prioritizing durability, off-road capability, and a no-nonsense approach to SUV ownership, the Bolero Neo offers excellent value despite its on-road price being higher than the ex-showroom figure. The N10 R variant with its mechanical locking differential is particularly worth considering for those who frequently travel on rough terrain.
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Frequently Asked Questions About Mahindra Bolero Neo On-Road Price
What is the exact on-road price of Mahindra Bolero Neo?
The on-road price of Mahindra Bolero Neo in Delhi starts at ₹11.46 Lakh for the base N4 variant and goes up to ₹13.74 Lakh for the top-end N10 R variant. The on-road price includes ex-showroom price, RTO registration charges, insurance, and other applicable fees.
Which city has the lowest on-road price for Bolero Neo?
Among major cities, Delhi generally offers the lowest on-road price for the Bolero Neo due to lower road tax rates compared to states like Karnataka and Tamil Nadu. However, prices can vary based on local dealership offers and promotions.
What will be the EMI for Mahindra Bolero Neo?
For the base N4 variant with a loan amount of ₹9.17 Lakh (80% of on-road price), the EMI would be approximately ₹19,135 for a 5-year loan term at 9.8% interest rate. For the top N10 R variant, the EMI would be around ₹22,945 for the same terms.
Is Mahindra Bolero Neo available in petrol?
No, the Mahindra Bolero Neo is available only with a 1.5-liter diesel engine that produces 98.56 bhp and 260 Nm of torque. There is no petrol variant available in the lineup.
Which variant of Bolero Neo offers the best value for money?
The N8 variant offers a good balance of features and price. However, if off-road capability is important to you, the N10 R variant with its mechanical locking differential is worth the premium. For budget-conscious buyers who need a rugged 7-seater, the base N4 variant still offers the core strengths of the Bolero Neo.
Also Read: New Maruti Ertiga CNG On Best Road Price 8.5 Lakhs In India
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