An improved saddle-ride type vehicle in which heat radiation of a body is improved while the exterior appearance of the body is enhanced, and an exhaust pipe and a muffler are free from interference from the outside while a hose, a cable and the like are designed to be easily retained in place in a simple structure. A saddle-ride type vehicle provides a side cover disposed on the side of a body frame, a foot board disposed below the side cover and an exhaust pipe extending in the forward and rearward direction of a vehicle body disposed inside the body frame. The exhaust pipe is disposed as viewed laterally so as to be exposed to the exterior through an opening surrounded by an upper slat frame, the side cover and the side plate of a foot board, and the guard member is disposed at the opening.