📍 Panaji, Goa
Yamaha
MT-03 On-Road Price in Panaji
naked
₹365,833
on-road price
🔥 Petrol
Ex-showroom ₹313,000 · RTO + Insurance + Other charges included · Updated June 2026
View Full Specs & Prices →
⛽
Mileage
28 kmpl
⚙️
Engine
321 cc
🛑
Brakes
Disc / Disc
🪣
Tank
14 L
⚖️
Weight
168 kg
🪑
Seat Ht.
780 mm
🔧
Suspension
Telescopic / Monoshock
📱
Console
Semi-Digital
Prices shown are estimates — actual on-road price varies 3–8% by dealer, festive offers and city-level RTO updates.
At ₹365,833 on-road, the Yamaha MT-03 in Panaji sits ₹2,907 below the ₹368,740 average across the 56 cities we track, reflecting Goa’s road-tax rate. Petrol here is around ₹111.72/litre — see the full breakdown and running-cost estimates below.
💸 Price Breakdown in Panaji
| Ex-Showroom Price | ₹313,000 |
| RTO Registration & Road Tax | ₹28,670 |
| Insurance Bundle (Mandatory at Purchase) | ₹21,163 |
| ↳ 5-Year Third-Party (IRDAI, 321cc slab) | ₹7,365 |
| ↳ 1-Year Own-Damage (on IDV) | ₹10,407 |
| ↳ PA Cover ×5 + 18% GST | ₹3,391 |
| Handling & Other Charges | ₹3,000 |
| Total On-Road Price in Panaji | ₹365,833 |
📅 Monthly Cost of Ownership in Panaji
Estimated Total Per Month
₹12,759
20% down · 24-month EMI · 28 kmpl · petrol ₹111.72/L in Panaji
EMI (24m)
₹7,353
Fuel (900 km/mo)
₹3,192
Insurance
₹1,764
Service & Repairs
₹450
Running Cost/km
₹4
📍 Yamaha MT-03 Price in Other Cities
Select a city to see the on-road price
Agra
₹372k
Ahmedabad
₹356k
Amritsar
₹363k
Aurangabad
₹376k
Bengaluru
₹395k
Bhopal
₹363k
Bhubaneswar
₹356k
Chandigarh
₹347k
Chennai
₹370k
Coimbatore
₹369k
Dehradun
₹363k
Delhi
₹359k
Faridabad
₹363k
Ghaziabad
₹372k
Gurugram
₹363k
Guwahati
₹356k
Hisar
₹363k
Howrah
₹373k
Hubli
₹395k
Hyderabad
₹376k
Indore
₹363k
Jabalpur
₹363k
Jaipur
₹376k
Jammu
₹366k
Jodhpur
₹375k
Kanpur
₹372k
Kochi
₹363k
Kolkata
₹373k
Kozhikode
₹363k
Lucknow
₹372k
Ludhiana
₹363k
Madurai
₹369k
Mangaluru
₹395k
Mumbai
₹377k
Mysuru
₹395k
Nagpur
₹376k
Nashik
₹376k
Noida
₹372k
Panaji
₹366k
Patna
₹366k
Pune
₹376k
Raipur
₹360k
Rajkot
₹356k
Ranchi
₹356k
Salem
₹369k
Shimla
₹356k
Siliguri
₹373k
Srinagar
₹366k
Surat
₹356k
Thiruvananthapuram
₹363k
Udaipur
₹375k
Vadodara
₹356k
Varanasi
₹372k
Vijayawada
₹375k
Visakhapatnam
₹375k
Warangal
₹375k
⚙️ Key Specifications
| Engine | 321cc |
| Mileage | 28.0 kmpl |
| Max Power | 35.010 PS |
| Fuel Tank | 14.00 Litres |
| Warranty | 2 years / 30,000 km |
❓ Yamaha MT-03 in Panaji — FAQ
What is the on-road price of Yamaha MT-03 in Panaji?
As of June 2026, the on-road price of Yamaha MT-03 in
Panaji is approximately
₹365,833.
This includes the ex-showroom price (₹313,000),
road tax + RTO registration (~₹28,670), insurance bundle
(~₹21,163), and handling/other charges (~₹3,000).
Is Yamaha MT-03 more expensive in Panaji than other cities?
On-road price varies by city because road tax rates differ across states.
Here's how Yamaha MT-03 prices compare:
- Panaji: ₹365,833 (this page)
- Agra: ₹372,093 (+6,260 vs Panaji)
- Ahmedabad: ₹356,443 (-9,390 vs Panaji)
- Amritsar: ₹362,703 (-3,130 vs Panaji)
- Aurangabad: ₹375,967 (+10,134 vs Panaji)
Where is Yamaha MT-03 cheapest in India?
Among cities we track, Yamaha MT-03 is cheapest in
Chandigarh
(~₹346,756) and most expensive in
Bengaluru
(~₹394,895) — a difference of
₹48,139.
States with higher road-tax slabs (Karnataka, Tamil Nadu) are costlier; states offering
EV exemptions or flat rates (Chandigarh, Puducherry) often come out cheapest.
Why is on-road price higher than ex-showroom?
Ex-showroom is the manufacturer's sticker price — it does NOT include the fees every buyer pays at registration.
For Yamaha MT-03 in Panaji, the extras add up to about
₹52,833 (17% on top of ex-showroom).
This covers Panaji's state road tax, RTO registration, smart-card fee, 5-year
third-party insurance (IRDAI-mandatory at purchase), 1-year comprehensive insurance, and dealer handling.