The Yamaha MT‑15 V2 has quickly become a popular choice for young riders across India. With its aggressive styling, sporty performance, and reliable engineering, it’s easy to see why. But when you’re told the Yamaha MT-15 V2 on-road price is around ₹2.2 lakh, what exactly are you paying for? Here’s a detailed, easy-to-understand breakdown.
Ex-Showroom Price: The Base Figure
The base cost of the Yamaha MT-15 V2 typically hovers around ₹1.68 lakh (ex-showroom), depending on the city. This figure includes the cost of the motorcycle itself, but it doesn’t include any additional charges or taxes.
This price gets you:
- A 155cc liquid-cooled engine with VVA (Variable Valve Actuation)
- LED projector headlamp
- Updated USD front forks and rear mono-shock
- Dual-channel ABS (in some versions)
- Bluetooth-enabled LCD cluster in certain variants
But that’s just the start.
RTO Registration Charges
Every two-wheeler in India must be registered with the Regional Transport Office (RTO). This charge typically falls between ₹14,000 to ₹18,000, depending on the state. This fee ensures your bike is legally recognized and road-worthy.
Insurance: Your Safety Net
Insurance is mandatory. A standard one-year comprehensive policy (including third-party and own-damage cover) costs roughly ₹10,000 to ₹12,000. Depending on the insurer, you might also get personal accident cover and other add-ons.
Without insurance, you won’t be allowed to ride on public roads — and financially, it’s a risk not worth taking.
Road Tax and Handling Charges
States apply road tax as a percentage of the ex-showroom price. This can range from 8% to 12%, which means around ₹13,000 to ₹20,000 added to the final bill. Dealers may also charge a logistics or handling fee, which could be between ₹2,000 to ₹4,000.
Optional Add-Ons & Accessories
If you choose dealer-installed accessories like:
- Tank pads
- Seat covers
- Frame sliders
- Mobile holders
Expect to pay another ₹2,000 to ₹5,000, depending on your selections.
Some dealers also offer extended warranty packages and service plans — helpful, but optional.
Final On-Road Price: What ₹2.2 Lakh Really Means
Putting it all together:
- Ex-showroom: ₹1.68 lakh
- RTO registration: ₹16,000
- Insurance: ₹11,000
- Road tax + Handling: ₹16,000
- Accessories (optional): ₹4,000
Total On-Road Price: ₹2.15 – ₹2.2 Lakh
This estimate varies slightly by location, but it’s a realistic snapshot of what buyers are currently paying.
Is It Worth the Price?
The Yamaha MT-15 V2 offers a blend of streetfighter looks, fuel efficiency (approx. 45–50 km/l), and agile performance. When compared to its competitors like the KTM Duke 125 or the Bajaj Pulsar NS200, it sits right in the sweet spot for style-conscious commuters and new riders alike.
Conclusion
Understanding the Yamaha MT-15 V2 on-road price helps buyers make better decisions and avoid dealership surprises. While ₹2.2 lakh might sound steep for a 155cc bike, the overall package — performance, tech, and brand — makes it a solid investment for urban and weekend riders.
Before buying, always request a full cost sheet from your dealer. A clear price breakdown means no hidden charges — and total peace of mind.