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Yamaha Ray ZR 125 on-road price in Mumbai

₹96,600 estimated on-road for the base variant, against ₹81,820 ex-showroom.

By , founder and editor

Updated

Prices checked

Specs source: Yamaha

The Yamaha Ray ZR 125 costs an estimated ₹96,600 on the road in Mumbai for the base Drum variant. That is ₹14,780 over the ₹81,820 ex-showroom price, made up of ₹8,182 in Maharashtra road tax at 10%, ₹1,300 in registration charges and about ₹5,321 in first-year insurance.

That is ₹1,800 more than in Delhi, almost entirely because of the difference in state road tax.

With petrol at ₹103.50 in Mumbai and a real-world 48 kmpl, fuel comes to about ₹2.16 per km, or ₹1,682 a month at 30 km a day. Heavy traffic will push mileage to the lower end of the real-world band.

All variants on-road in Mumbai

VariantEx-showroomOn-road
Drum₹81,820₹96,600
Disc₹89,628₹1,05,400
Street Rally LCD₹95,469₹1,11,900
Street Rally TFT₹1,02,046₹1,20,300

Where the money goes

Estimated on-road price of the Ray ZR 125 Drum in Mumbai. Dealer handling and accessories not included.
Ex-showroom priceDrum variant, Delhi list price₹81,820
Road tax (Maharashtra)10% of ex-showroom, one-time₹8,182
Registration and RTO chargesSmart card, HSRP plate, fees₹1,300
Third-party insurance (5 years)Mandatory on a new two-wheeler₹3,851
Own-damage insurance (1 year)Optional but recommended; varies by insurer₹1,470
Estimated on-road price₹96,600

Rivals on-road in Mumbai

Base variants, same tax rules, so the ranking is fair.

EMI in Mumbai

EMI calculator

On an estimated on-road price of ₹96,600 for the Ray ZR 125.

Monthly EMI
₹2,780
Loan amount
₹86,940
Total interest
₹13,140

Indicative only. Lenders add a processing fee (usually 1–3%) and quote rates by credit score; banks are typically cheaper than dealer-tied NBFCs.

Other cities

Ray ZR 125 estimated on-road price by city, base variant.
CityRoad taxOn-road price
DelhiDelhi8%₹94,800
MumbaiMaharashtra10%₹96,600
BengaluruKarnataka12%₹98,200
HyderabadTelangana12%₹98,200
ChennaiTamil Nadu8%₹94,900
KolkataWest Bengal7.5%₹94,400
PuneMaharashtra10%₹96,600
AhmedabadGujarat6%₹93,200
JaipurRajasthan8%₹94,800
LucknowUttar Pradesh10%₹96,400

Ray ZR 125 in Mumbai: questions people ask

What is the on-road price of the Ray ZR 125 in Mumbai?
About ₹96,600 for the base variant and up to ₹1,20,300 for the top variant, including road tax, registration and insurance. Dealer quotes may add handling and accessories.
How much is road tax on the Ray ZR 125 in Maharashtra?
10% of the ex-showroom price, which is ₹8,182 on the base variant. It is paid once, at registration.
Is the Ray ZR 125 cheaper in Mumbai or Delhi?
Delhi, by about ₹1,800, because Maharashtra road tax is higher. You must register where you live, so this is not a saving you can chase.

Ray ZR 125 from

₹81,820