RLA auction: Few takers for fancy registration numbers on Day One

The vehicle numbers 0001 to 0100 were auctioned on Saturday. Of the 89 numbers which were auctioned only 11 of them were sold at the prices ranging from Rs 1 lakh to 5 lakh.

Written by Ifrah Mufti | Chandigarh | Published: August 2, 2015 4:26:05 am
chandigarh, chandigarh rla auction, chandigarh auction rla, chandigarh news, india news, indian express The auction in Sector 17, Chandigarh, on Saturday. (Express Photo by Sahil Walia)

The auction of numbers of the series CH-01-BD conducted by Registering and Licensing Authority (RLA), Chandigarh, witnessed lacklustre response on the first day, with the revenue collection being Rs 41.7 lakh. This is the lowest earning of RLA in an auction in the past one year. The auction will be held on Sunday, too.

The vehicle numbers 0001 to 0100 were auctioned on Saturday. The number CH-01-BD-0001 fetched Rs 5.10 lakh. The bidder Vijay Pal, a resident of Sector 8, bought this number for his new car- Jaguar XF which he bought for Rs 48.50 lakh. “This is the first time I bought a VIP number since I bought a luxury car. I think the fewer the digits, the easier it is to remember the number. There was no special reason to go for 0001 but then, luckily, I got it.”

The CH-01-BD-0004 and CH-01-BD-0009 were the numbers which got the second highest bid at Rs 1.80 lakh followed by CH-01-BD-0003 for Rs 1.75 lakh. A total of 89 numbers out of the first 100 were successfully bid on day one.

The number 0001 had fetched higher prices in the previous auctions. In the CH-01-BB series, the number 0001 was sold for Rs 8.75 lakh and the same number for CH-01-BC series had gone for Rs 8.01 lakh.

Of the 89 numbers which were auctioned on Saturday, only 11 of them were sold at the prices ranging from Rs 1 lakh to 5 lakh. Rest of the numbers including 0100, 0055, 0064, 0047, 0080, 0028, 0034 were sold at the prices below Rs 50,000.

During the auction of CH-01-BA series, in December 2014 RLA earned Rs 50.6 lakh on the first day, while, from CH-01-BB series, RLA had earned Rs 56.7 lakh and from CH-01-BC series, earnings worth Rs 59 lakh were made on the first day. Considering the previous series, auctioned in the past one year, RLA has managed to earn above Rs 50 lakh.

However, Registering and Licensing Officer Geeta Sarin said, “We do not consider it a poor response because it all depends on the choice of the bidders and this time, the numbers of bidders were less, thus the competition was not that tough. Secondly, the VIP numbers including 0001, 0007 and 0013 did not go at higher prices as compared to previous series.”

She added, “We are still left with 11 numbers which will be sold off on the second day of the auction and the average revenue will be the same.”

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