A vehicle registration number, HR88B8888, was auctioned for an unprecedented Rs 1.17 crore, marking the highest price for a number plate in India.
A recent auction for fancy vehicle number plate saw a bidding of Rs 1.17 crore, becoming the costliest ever registration number ever auctioned in India.
The number plate in focus is HR88B8888, which is a Haryana number meant for premium vehicles, sold for a whopping Rs 1.17 crore.
Who Made Rs 1.17 Crore Bid For HR88B8888?
According to reports, a Haryana-based businessman identified as Sudhir Kumar turned to be the highest bidder for India’s most expensive number plate ever.
The Badhra sub-division in Charkhi Dadri district fetched the highest bid amount for vehicle registration number ‘HR-88-B-8888’, official sources on Wednesday said.
According to officials, the auction was made during an online bidding process on the designated portal, with Rs 1,000 as the participation fee and Rs 10,000 as the security deposit.
How ‘HR-88-B-8888’ Will Be Allotted To The Highest Bidder
Officials said that he (the bidder) has five days to deposit the bid money, after which the number will be allotted if the entire process is completed.
What Haryana Businessman Said on Bidding Rs 1.17 Crore Amount
Contacted over the phone on Wednesday evening, the businessman, who is in his late 30s and did not wish to be named, said he hails from a village in Bhiwani district and his family now lives in another Haryana district.
He said that the reserve price or base price for the fancy number was Rs 50,000 and he had not expected to go this far and make the highest bid of Rs 1.17 crore.
“I had not kept any specific amount in mind and liked the number and just went ahead,” he said, adding he has not yet decided the vehicle for which the number will be used.
Asked if he has purchased the vehicle, he said, “We are figuring that out.”
Responding to a question, he said, “I was not expecting that this bid would generate such a hype.”
“We are in the transport business. We also have a software company and we are into developing a transport-related mobile app for commercial transportation and this business is in its early phase,” he said.
