Ola Cruiser Price in Kolkata

To calculate the on-road price of a bike in India, you require the following:

• Ex-showroom Price
• Road Tax/ Registration Charges
• Insurance Cost

While the Ex-showroom price is easily available, the road tax and insurance costs require a bit of calculation. Let us take an example to understand how to obtain the road tax and insurance cost of a bike in India.

Calculation:

For reference, assume that the ex-showroom price of a bike is Rs 1,50,000. To make the calculation easier, let's assume that the road/registration tax is 10% of the ex-showroom price while the insurance is 5%.

• Road Tax/Registration: Assuming a 10% road/registration tax, the road/registration tax will amount to Rs 15,000. (1,50,000 X 10%)
• Insurance: Assuming a 5% charge for it, the insurance will amount to Rs 7,500. (1,50,000 X 5%)

On-road price= Rs 1,50,000 (ex-showroom) + Rs 15,000 (road/registration tax) + Rs 7,500 (insurance)

The on-road price is the sum of all the above-stated variables (state and company-dependent), and in this example, the total cost of the bike will come out to be Rs 1.69 lakh. Do note that this price does not include all the possible charges that are incurred when buying a bike. For further details, it's ideal to contact a showroom and insurance companies.