Calculate on-Road Price : How Does the on-road prices are calculated in india

Sure, here’s a general formula to calculate the on-road price of a car:

On-Road Price = Ex-Showroom Price + RTO Charges+ Insurance+ Road Tax+ TCS Charges+ Green Cess+ Handling/Logistics Charges

Let’s break down each component:

  1. Ex-Showroom Price: This is the price of the vehicle itself. You can get this from the car manufacturer’s website or the dealership.
  2. RTO Charges: These are the charges for the registration of the vehicle with the Regional Transport Office (RTO). The exact amount can vary based on the city and the cost of the vehicle, but it’s generally around 10% of the Ex-Showroom Price.
  3. Insurance: This is the premium for the first year of insurance for the vehicle. You can get a quote from an insurance company or use an average percentage of the Ex-Showroom Price, which is typically around 3%.
  4. Road Tax: This is a tax levied by the state government for the maintenance of roads. The percentage can vary by state, but it’s generally around 6% of the Ex-Showroom Price.
  5. TCS Charges: These are levied on cars with an ex-showroom price above Rs 10 lakhs. The rate is 1% of the Ex-Showroom Price.
  6. Green Cess: This is levied on cars above 2000cc. The rate can vary by state, but it’s generally around 1% of the Ex-Showroom Price.
  7. Handling/Logistics Charges: These are the costs associated with transporting the vehicle from the manufacturer to the dealer. These can vary by dealership, but they’re generally around 1% of the Ex-Showroom Price.

Please note that these percentages are approximate and can vary based on the specific circumstances and location. Always check with the dealership for the most accurate information.

Optional costs that can be included in the on-road price are zero depreciation insurance, extended warranty, annual maintenance package, standard accessories, and FASTag.

Remember, this is a general formula and the actual calculation may vary based on the specific circumstances and location. Always check with the dealership for the most accurate information.

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