Fancy Numbers Fetch Hry more revenue | Chandigarh News

Chandigarh: Haryana Department of Transport’s decision to award fancy or preferred vehicle registration numbers through auction has increased its revenue collector. The Ministry has now decided to adopt electronic auctions in the near future to make the system faster.
From now on, these numbers are assigned through manual bidding in case there is more than one candidate. On Friday, RLA Ambala awarded HR01AW-0001 in an open auction for Rs 15 lakh. The reserved price for the same number was Rs 5 lakh only. With this, the department had earned Rs 10 lakh more.
Reportedly, in less than a period, the department made revenue of over Rs 1 crore from the auctioning of these fancy numbers.
In line with the process, the department has set an amount of Rs 5 lakh for the fancy number 0001 and Rs 1.5 lakh for 0002 and 0007. Similarly, different amounts have been set for other fancy numbers.
Sources said earlier that the most wanted 0001 number is assigned on a first-come, first-served basis. However, the department had decided to assign this number through manual bidding in case there was more than one candidate. After this practice, the department assigned this number for almost double its reserved price and sometimes even more than that. On Monday, RLA won Rs 15 lakh for such number, which was the highest prize on which such number was awarded.
The filing revealed that the department had set the reserve price of Rs 1.55 crore for the 0001 available from the various Registration and Licensing Authorities (RLAs) in the state. However, through the auction, the department earned around Rs Rs 2.58 crore with additional revenue of around Rs 1.03 crore in a short period of time.
Amitabh Dhillon, Haryana State Transport Commissioner, said the department had made good revenue beyond the reserve price from open auctions and would soon move to electronic auctions for the allocation of these numbers. fancy or preferential. This would not only increase participation but also help authorities earn more revenue from electronic auctions, Dhillon added.

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