Madhya Pradesh road tax

When you're planning to buy a new car, it’s important to consider various factors like the car’s features, ex-showroom price, and most notably, the road tax. Road tax is a necessary payment that car owners must make to use public roads, and it is collected by the state government. While car prices can differ significantly, road tax is also variable across states, and it can have a substantial impact on your overall budget for purchasing a new vehicle.

For instance, in Madhya Pradesh, road tax is a crucial factor in determining the final cost of your vehicle. The higher the road tax, the more you’ll need to adjust your budget when planning your car purchase. But what if you could make this additional cost more manageable?

This is where Bajaj Finserv New Car Loans come into play. Our new car loans cover up to 100% of your car’s on-road price, including the road tax. Additionally, you might already be pre-approved for one of our car loans. Check your offer and take the first step toward owning your new car today.

Read on to discover more about how road tax in Madhya Pradesh affects your car price and how Bajaj Finserv's new car loans can assist you in managing these costs.

Madhya Pradesh road tax

In Madhya Pradesh, road tax is a mandatory fee that all vehicle owners must pay to legally use the state's public roads. The revenue generated from road tax is vital for the development and maintenance of the state’s road infrastructure. Road tax is calculated based on several factors such as the vehicle’s price, engine capacity, and type. These tax rates differ from state to state, and in Madhya Pradesh, the road tax can significantly contribute to the overall cost of your vehicle.

When purchasing a new car in Madhya Pradesh, it’s essential to factor in road tax in addition to the ex-showroom price. The road tax rate varies based on the fuel type—whether the car uses petrol, diesel, or CNG—and is an important consideration for your overall budget. Understanding how road tax is calculated can help you make more informed financial decisions when buying a car in Madhya Pradesh.

Madhya Pradesh road tax calculation

The calculation of road tax in Madhya Pradesh is influenced by various factors such as the vehicle’s weight, engine capacity, age, and its intended use (personal or commercial). Heavier vehicles generally incur higher tax rates, while older vehicles may attract different rates due to concerns about emissions and environmental impact. Commercial vehicles also typically face higher taxes than personal vehicles.

Other important factors include the vehicle’s seating capacity, engine size, and its overall dimensions, such as length and width. Larger vehicles, like SUVs, trucks, and other heavy cars, usually incur a higher road tax than smaller, lighter vehicles. Additionally, fuel type plays a significant role, with eco-friendly and low-emission vehicles often benefiting from lower road tax rates.

For example, if you purchase a new car with a 1000 cc engine capacity priced at ₹7 lakh, the road tax could range from 5-7% of the car's price. This means the road tax could vary from ₹35,000 to ₹49,000.

Does this seem like a significant addition to your overall car cost? While road tax can sometimes be a surprising additional expense, what if you could simplify the process by financing the road tax along with the other costs of your car?

With Bajaj Finserv New Car Loans, you can finance your entire car purchase, including the road tax, all within the same loan. Curious about how much you could borrow? You can check your new car loan eligibility in just a few clicks and take the first step toward owning your car in Madhya Pradesh.

Road Tax in Madhya Pradesh for new cars

When buying a new car in Madhya Pradesh, understanding the applicable road tax is crucial as it directly impacts the car’s final cost. Road tax is calculated based on the car’s price, engine capacity, and fuel type. Here's a breakdown of road tax for different categories of vehicles:

Cost of vehicle	Road tax
Up to Rs. 10 lakh	8%
Rs. 10 to 20 lakh	Petrol - 8%, Diesel - 9%
Above Rs. 20 lakh	16%

As you can see, the road tax increases as the car’s price and engine capacity go up. It’s important to factor this into your budget when planning to purchase a new car in Madhya Pradesh.

How to Pay Madhya Pradesh road tax online?

Paying road tax in Madhya Pradesh is now easier with online services. Here's how you can complete the payment online:

1. Visit the official e-Vahan website at https://parivahan.gov.in/ and input your vehicle details.
2. Navigate to the ‘Online Services’ section and select the option to ‘Pay Vehicle Tax’.
3. Enter your vehicle registration number and other required details.
4. The portal will display your vehicle’s information and any outstanding tax dues.
5. Proceed with the payment using a debit card, credit card, or net banking.
6. Once payment is successful, you will receive an electronic receipt for your records.

This online service makes the road tax payment process in Madhya Pradesh more convenient and saves you from having to visit the transport office in person.

Road tax is an essential consideration when budgeting for your new car. However, with Bajaj Finserv New Car Loans, you can finance the entire cost of the car, including road tax. With flexible repayment options and competitive interest rates, a Bajaj Finserv loan can make your car purchase more affordable.

Ready to make your car purchase? Check your pre-approved offer today and finance your new car, including the road tax, with Bajaj Finserv New Car Loans.