Honda
Honda SP 125 on-road price in Margao
₹1.1 Lakh on-road for the base variant, against ₹90,636 ex-showroom.
On the road in Margao the base SP 125 comes to ₹1.1 Lakh: ₹92,272 ex-showroom, ₹9,804 in Goa road tax and registration (10.6%), ₹8,026 for first-year insurance. Dealers add handling and accessory packs on top; both are negotiable.
That is ₹5,897 more than in Delhi (₹1,04,205), mostly because Goa charges 10.6% in road tax and registration against Delhi's 8.6%.
Elsewhere in Goa the figure is the same to within a few hundred rupees: registration rules are set by the state, so Panaji all land at about ₹1.1 Lakh.
With petrol at about ₹96.50 in Margao and a real-world 62.5 kmpl, fuel comes to about ₹1.54 per km, or ₹1,204 a month at 30 km a day.
All variants on-road in Margao
| Variant | Ex-showroom | RTO | Insurance | On-road |
|---|---|---|---|---|
| Drum | ₹92,272 | ₹1,10,102 | ||
| Disc | ₹99,859 | ₹1,18,386 |
Dealer quotes for Margao via BikeWale, used under licence; last checked 2026-09-06. Extras such as accessory packs and PDI are included where the dealer lists them.
Where the money goes
| Ex-showroom priceDrum variant, Margao list price | ₹92,272 |
|---|---|
| Road tax and registration (Goa RTO)10.6% of ex-showroom, paid once | ₹9,804 |
| Insurance, first yearOwn-damage cover plus the mandatory five-year third-party premium | ₹8,026 |
| On-road price | ₹1,10,102 |
Rivals on-road in Margao
Base variants, same RTO, so the ranking is fair.
EMI in Margao
EMI calculator
On an estimated on-road price of ₹1,10,102 for the SP 125.
- Monthly EMI
- ₹3,170
- Loan amount
- ₹99,092
- Total interest
- ₹15,028
Indicative only. Lenders add a processing fee (usually 1–3%) and quote rates by credit score; banks are typically cheaper than dealer-tied NBFCs.
Elsewhere in Goa
Same Goa road-tax rule; the small differences are dealer pricing.
Other cities
Every RTO city in India. Type a town and pick from the list.
| City | RTO share | On-road price |
|---|---|---|
| DelhiDelhi | 8.6% | ₹1,04,205 |
| ChandigarhChandigarh | 9.7% | ₹1,05,656 |
| AhmedabadGujarat | 5.9% | ₹1,06,084 |
| BengaluruKarnataka | 16.7% | ₹1,12,376 |
| MumbaiMaharashtra | 11.6% | ₹1,08,002 |
| Navi MumbaiMaharashtra | 11.6% | ₹1,08,002 |
| PuneMaharashtra | 12.7% | ₹1,09,946 |
| ChennaiTamil Nadu | 13.3% | ₹1,13,006 |
| HyderabadTelangana | 16.9% | ₹1,11,670 |
| KolkataWest Bengal | 13.9% | ₹1,09,587 |
Margao is one of 189 RTO cities on the SP 125 price page.
SP 125 in Margao: questions people ask
- What is the on-road price of the SP 125 in Margao?
- ₹1,10,102 for the base Drum and up to ₹1,18,386 for the Disc, including Goa road tax, registration and first-year insurance. The figures come from Margao dealer quotes and were last checked in 2026-09. Handling and accessory packs can add a few thousand rupees.
- How much is RTO on the SP 125 in Goa?
- ₹9,804 on the base variant, which is 10.6% of the ex-showroom price. That covers road tax, registration and the number plate, and is paid once at registration.
- Is the SP 125 cheaper in Margao or Delhi?
- Delhi, by about ₹5,897, because Goa road tax is higher. You must register where you live, so this is not a saving you can chase.
SP 125 from
₹90,636