Next

Chandigarh loves numbers game even at high cost

Just buying an expensive luxury car is not kick enough for the super rich in Chandigarh. Many now want to go the extra mile and make the deal even more expensive. The recent auction of a car registration number for a whopping Rs 26 lakh and more proves the point. Chandigarh-based builder-agriculturist Amarjit Singh picked up the number ‘0001’ for his luxury Mercedes S-class in the newest series ‘CH-01-AP’ launched in this union territory. 


Numero Uno: The auction price is many a times higher than the reserve cost of Rs 25,000 stipulated by the Registration and Licensing Authority. Representation Pic
 

The auction price was a shocking 104 times the reserve price of Rs 25,000 stipulated by the Registration and Licensing Authority (RLA), “I’m happy to have got this number,” Amarjit Singh said. There are others who have spent over Rs 10 lakh to get the ‘0001’ number in earlier car series. The previous highest auction was in June with the number ‘CH-01-AN-0001’ being bid for Rs 17 lakh. It was taken by agriculturist-businessman Jagjit Singh Chahal for his Rs 85 lakh Toyota Land Cruiser.

 

Chahal and his family have a penchant for the number 0001. “We have other vehicles in our fleet with the 0001 number. I have taken this number ever since my first Maruti car,” Chahal said. “For the price that these people pay for the VIP number, one could buy two or three luxury sedans,” said an RLA official.

“If this trend continues, we will soon have auctions for the ‘0001’ number touching the Rs 50 lakh mark. In a way the auction is good revenue for the government,” he added. In recent years, the auction of VIP and choice numbers in local registration series have been fetching the RLA anything from Rs 50 lakh to Rs 75 lakh per auction.

In the latest series, the RLA collected over Rs 69 lakh. Chandigarh gets a new series every three or four months. Chandigarh resident Narinder Singh Shergill became the first to break the Rs 10 lakh barrier to get the vehicle registration number of his choice — 0001. He got it in May 2010. Shergill picked up the number at almost half the cost of his Toyota Fortuner that he bought for around Rs 20 lakh. He picked up the number in the ‘CH01-AC’ series. In earlier auctions, ‘0001’ numbers for various series were taken for prices ranging from Rs 70,000 to nearly Rs 7.5 lakh.

You May Like

MORE FROM JAGRAN

0 Comments

    Leave a Reply