Mahindra Thar
A compelling contender in its category, the Mahindra Thar is a modern SUV priced at ₹11.25 - 16.31 Lakh, powered by a capable 1.5L turbocharged paired with Manual / Automatic transmission choices. Major strengths include unmatched off-road capability in segment, coupled with a commendable 4 Star crash test safety benchmark. Built for adventurous families and highway cruisers, it pairs rugged structural resilience with dependable high-ground-clearance all-road confidence.
Mahindra Thar price starts from ₹11.25 Lakh for the base model and goes up to ₹16.31 Lakh for the top model (avg. ex-showroom) as of October 2026.
Mahindra Thar Price Details:
- Base Variant (Base): ₹11.25 Lakh
- Top Variant (Top+ AT): ₹16.31 Lakh
- Estimated On-Road Price: ₹12.6 Lakh - ₹18.27 Lakh
Mahindra Thar Engine & Variant Options:
- Engine Options: 1.5L turbocharged
- Transmission: Manual / Automatic
- Variants: Available in 4 variants.
Mahindra Thar Insurance Quotes & EstimatesOctober Offers
Estimated annual premiums and coverage options for your new Mahindra Thar.
Comprehensive Cover
Recommended for complete protection including own-damage, theft, natural disasters, and third-party liabilities. Typically costs around 3-4% of the car's Insured Declared Value (IDV).
Third-Party Cover
Mandatory by law in India. Covers legal liabilities arising from damage to a third party's property or injury/death. Does not cover damages to your own Mahindra Thar. Rates are fixed by IRDAI based on engine capacity.
Tips on IDV Calculation
The Insured Declared Value (IDV) is the maximum sum assured fixed by the insurer. For a brand new Mahindra Thar, the IDV is typically calculated at 95% of the ex-showroom price. Over time, depreciation applies:
- Up to 6 months: 5% depreciation
- 6 months to 1 year: 15% depreciation
- 1 to 2 years: 20% depreciation
- 2 to 3 years: 30% depreciation
Tip: Always opt for 'Zero Depreciation' (Bumper-to-Bumper) add-on for the first 3-5 years to ensure you get full claim value without deductions for plastic, glass, or rubber parts.