Yamaha
Yamaha MT-15 V2 on-road price in Ernakulam
₹2.11 Lakh on-road for the base variant, against ₹1.68 Lakh ex-showroom.
On the road in Ernakulam the base MT-15 V2 comes to ₹2.11 Lakh: ₹1,68,900 ex-showroom, ₹26,835 in Kerala road tax and registration (15.9%), ₹15,154 for first-year insurance. Dealers add handling and accessory packs on top; both are negotiable.
That is ₹15,345 more than in Delhi (₹1,95,544), mostly because Kerala charges 15.9% in road tax and registration against Delhi's 8.9%.
Within Kerala the MT-15 V2 ranges from ₹1,95,200 to ₹2,10,889 on-road across the 9 RTO cities we track; the road-tax rule is the same statewide, so the gap is dealer ex-showroom and insurance pricing.
With petrol at about ₹105.50 in Ernakulam and a real-world 44 kmpl, fuel comes to about ₹2.40 per km, or ₹1,870 a month at 30 km a day.
All variants on-road in Ernakulam
| Variant | Ex-showroom | RTO | Insurance | On-road |
|---|---|---|---|---|
| Standard | ₹1,68,900 | ₹2,10,889 | ||
| Deluxeestimate | ₹1,72,000 | ₹2,14,760 |
Dealer quotes for Ernakulam 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 priceStandard variant, Ernakulam list price | ₹1,68,900 |
|---|---|
| Road tax and registration (Kerala RTO)15.9% of ex-showroom, paid once | ₹26,835 |
| Insurance, first yearOwn-damage cover plus the mandatory five-year third-party premium | ₹15,154 |
| On-road price | ₹2,10,889 |
Rivals on-road in Ernakulam
Base variants, same RTO, so the ranking is fair.
EMI in Ernakulam
EMI calculator
On an estimated on-road price of ₹2,10,889 for the MT-15 V2.
- Monthly EMI
- ₹6,080
- Loan amount
- ₹1,89,800
- Total interest
- ₹29,080
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 Kerala
Same Kerala 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 | 8.9% | ₹1,95,544 |
| ChandigarhChandigarh | 10.9% | ₹1,96,980 |
| AhmedabadGujarat | 6.9% | ₹1,93,045 |
| BengaluruKarnataka | 22.7% | ₹2,19,695 |
| MumbaiMaharashtra | 11.9% | ₹1,99,621 |
| Navi MumbaiMaharashtra | 11.9% | ₹1,99,361 |
| PuneMaharashtra | 11.8% | ₹2,03,170 |
| ChennaiTamil Nadu | 12.9% | ₹2,02,453 |
| HyderabadTelangana | 17.6% | ₹2,14,305 |
| KolkataWest Bengal | 21.4% | ₹2,23,008 |
Ernakulam is one of 189 RTO cities on the MT-15 V2 price page.
MT-15 V2 in Ernakulam: questions people ask
- What is the on-road price of the MT-15 V2 in Ernakulam?
- ₹2,10,889 for the base Standard and up to ₹2,14,760 for the Deluxe, including Kerala road tax, registration and first-year insurance. The figures come from Ernakulam 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 MT-15 V2 in Kerala?
- ₹26,835 on the base variant, which is 15.9% of the ex-showroom price. That covers road tax, registration and the number plate, and is paid once at registration.
- Is the MT-15 V2 cheaper in Ernakulam or Delhi?
- Delhi, by about ₹15,345, because Kerala road tax is higher. You must register where you live, so this is not a saving you can chase.
MT-15 V2 from
₹1.68 Lakh