Yamaha
Yamaha MT-15 V2 on-road price
Ex-showroom from ₹1.68 Lakh. Estimated on-road in Delhi: ₹1.93 Lakh. Every city, every variant and the EMI, below.
Variant prices
Ex-showroom Delhi list prices from the manufacturer.
| Variant | Ex-showroom | Rough EMI |
|---|---|---|
Standard Dual-channel ABS · USD forks · LCD console | ₹1,68,000 | |
Deluxe Bluetooth console · Traction control · Special colours | ₹1,72,000 |
The gap between the Standard and the Deluxe is ₹4,000, about 2% of the base price. For that you get bluetooth console, traction control and special colours. At under a tenth of the price, the top variant is easy to justify if the extras appeal.
Financed over 36 months, the difference works out to roughly ₹127 a month on the EMI, which is the more useful way to judge it.
Not sure which trim? Read how to read a two-wheeler price list.
On-road price breakdown, Delhi
How ₹1,68,000 ex-showroom becomes ₹1,92,900 on the road in Delhi.
| Ex-showroom priceStandard variant, Delhi list price | ₹1,68,000 |
|---|---|
| Road tax (Delhi)8% of ex-showroom, one-time | ₹13,440 |
| Registration and RTO chargesSmart card, HSRP plate, fees | ₹1,100 |
| Third-party insurance (5 years)Mandatory on a new two-wheeler | ₹7,365 |
| Own-damage insurance (1 year)Optional but recommended; varies by insurer | ₹3,020 |
| Estimated on-road price | ₹1,92,900 |
On the road in Delhi, budget about ₹1.93 Lakh for the base variant once 8% Delhi road tax, registration and five-year third-party insurance are added. Dealers often quote higher by bundling accessories, extended warranty and handling charges; all three are negotiable.
On-road price by city
Road tax is the variable: it ranges from 2% to 18% by state, and most states waive it on electric two-wheelers.
| City | Road tax | On-road price |
|---|---|---|
| DelhiDelhi | 8% | ₹1,92,900 |
| MumbaiMaharashtra | 11% | ₹1,98,200 |
| BengaluruKarnataka | 18% | ₹2,09,800 |
| HyderabadTelangana | 12% | ₹1,99,700 |
| ChennaiTamil Nadu | 10% | ₹1,96,400 |
| KolkataWest Bengal | 7.5% | ₹1,92,100 |
| PuneMaharashtra | 11% | ₹1,98,200 |
| AhmedabadGujarat | 6% | ₹1,89,600 |
| JaipurRajasthan | 10% | ₹1,96,300 |
| LucknowUttar Pradesh | 10% | ₹1,96,300 |
Each city page shows the full breakdown and running cost at local fuel prices. Why the numbers differ: on-road price explained.
EMI on the MT-15 V2
EMI calculator
On an estimated on-road price of ₹1,92,900 for the MT-15 V2.
- Monthly EMI
- ₹5,560
- Loan amount
- ₹1,73,610
- Total interest
- ₹26,550
Indicative only. Lenders add a processing fee (usually 1–3%) and quote rates by credit score; banks are typically cheaper than dealer-tied NBFCs.
Before signing at the dealer, read what two-wheeler loans really cost.
MT-15 V2 price: questions people ask
- What is the price of the Yamaha MT-15 V2?
- The MT-15 V2 costs between ₹1,68,000 and ₹1,72,000 ex-showroom Delhi across 2 variants, as of September 2026. On-road price adds road tax, registration and insurance and varies by state.
- What is the on-road price of the MT-15 V2 in Delhi?
- Roughly ₹1.93 Lakh for the base variant in Delhi: ₹1,68,000 ex-showroom plus ₹13,440 road tax, ₹1,100 registration and about ₹10,385 insurance. This is an estimate; dealer quotes include handling and accessories.
- What is the EMI for the MT-15 V2?
- With 10% down, a 36-month loan at 9.5% on the base variant comes to about ₹5,330 a month. A shorter tenure raises the EMI but cuts total interest; see the EMI calculator on the price page.
- Which bikes are cheaper than the MT-15 V2?
- Among the 75 sports bikes we have reviewed, the Pulsar 125 (₹93,507), the Pulsar NS 200 (₹1.39 Lakh), the Apache RTR 160 (₹1.11 Lakh) start lower.
MT-15 V2 from
₹1.68 Lakh