Home / News / India News / Article / Number craze makes RTO richer by Rs 5 cr in 6 months

Number craze makes RTO richer by Rs 5 cr in 6 months

RTO sees income from sale of choice numbers go up by more than 30 per cent annually over last three years; officials confident earnings from allotment of rare and coveted registrations will cross Rs 10 crore this financial year

Listen to this article :

MNS supporters have a penchant for the number ‘9’ while NCP supporters generally vie for ‘1010’ when it is time to register their new vehicles with the Regional Transport Office (RTO). The RTO has made Rs 5 crore in just the last six months by selling some choice numbers.u00a0Whatever the reason behind the number preferences, the demand for certain coveted numbers is helping the RTO get richer by the day and now its officials are looking forward to crossing the Rs 10 crore mark by the end of the financial year.



According to the Motor Vehicles Act, the price to be paid for a choice number for a two-wheeler starts from Rs 2,000 and goes up to Rs 25,000. In case of four-wheelers, the price for a preferred number can go up to Rs 3 lakh for rare combinations. u00a0In the last six months, a total of 7,286 vehicles, including two- and four-wheelers, were granted numbers of their owners’ choice. u00a0Statistical data provided by the RTO reveals that in the last three years, income from the sale of choice numbers has been increasing by 30 to 40 per cent every year.

How do you like the new new mid-day.com experience? Share your feedback and help us improve.

Read Next Story
PMPML structure needs total overhaul: Study

Trending Stories

Latest Photoscta-pos

Latest VideosView All

Latest Web StoriesView All

Mid-Day FastView All

Advertisement