Ashok Leyland CNG Truck Auction: 2024 Ashok Leyland 1915 CNG Truck – Reserve ₹9.22 Lakh (9 Oct 2026)
Verified Listing Auction Closed
Property ID: FB-11
Vehicle Description
The Ashok Leyland CNG truck auction announced by Federal Bank is one of the notable commercial vehicle opportunities on the bank’s current sale-notice list. This 2024 Ashok Leyland 1915 BS VI goods carrier runs on CNG, a fuel that keeps running costs low on city and inter-city routes. The online e-auction is scheduled for 9 October 2026 (11:30 AM to 1:30 PM), with a reserve price of ₹9,22,000.
The vehicle is being sold under the SARFAESI Act, 2002 on an “as is where is, as is what is and whatever there is” basis. Below you will find the complete details from the official notice – specifications, EMD, important dates, the bidding process and the contact details of the Authorised Officer.
Table of Contents
Table of Contents
Ashok Leyland CNG Truck Auction: Key Highlights
- Reserve price: ₹9,22,000
- EMD: ₹92,200
- Auction date: 9 October 2026, 11:30 AM to 1:30 PM
- Last date for EMD / bid: 8 October 2026, 3:00 PM
- Location: Nanded, Maharashtra, Maharashtra
Ashok Leyland CNG Truck Auction – Complete Details
| Asset | Ashok Leyland CA 1915/42H FBL G BS VI CNG truck (MH05 FJ 3671) |
| Description | Ashok Leyland 1915 CNG goods carrier, BS VI, 2024 model |
| Make / Model | Ashok Leyland CA 1915/42H FBL G BS VI |
| Year | 2024 |
| Fuel | CNG |
| Registration No. | MH05 FJ 3671 |
| Reserve price | ₹9,22,000 |
| EMD (10%) | ₹92,200 |
| Bid increment | ₹10,000 |
General terms of the sale as stated in the notice:
| Bank | The Federal Bank Ltd. |
| Branch / Division | Ambernath |
| Mode of sale | Online e-auction |
| E-auction portal | federalbank.auctiontiger.net |
| Type of possession | Physical possession |
| Outstanding dues | ₹20,98,409 as on 21 September 2026 |
| Encumbrances | No encumbrance to the bank’s knowledge |
| Notice date | 21 September 2026 |
About the Location – Nanded, Maharashtra
The truck is parked at Vasarni on the edge of Nanded city in the Marathwada region of Maharashtra. It is registered in Kalyan (MH05), so a buyer within Maharashtra can complete the RC transfer without an inter-state NOC. Nanded is linked by NH 61 and NH 161, and CNG stations along the Nanded–Latur and Mumbai corridors are expanding, which helps operators who want a greener and cheaper fuel option.
Is the Ashok Leyland CNG Truck Auction Worth It?
The reserve of ₹9.22 lakh is a small part of the price of a new 19-tonne CNG truck, making this a cost-saving pick for a growing fleet. The bank’s outstanding dues (₹20.98 Lakh) are about 2.3 times the reserve price, so the bank is clearly motivated to close this sale. Since the reserve price is fixed by a registered valuer and often sits below market rates, early research gives you a real edge in this auction.
Important Dates for the Ashok Leyland CNG Truck Auction
- Sale notice date: 21 September 2026
- Inspection: At a yard in Vasarni, Nanded, Maharashtra 431603 on 06-10-2026, 11:30 AM to 2:30 PM with prior appointment
- Last date for EMD and bid submission: 8 October 2026 (3:00 PM)
- E-auction: 9 October 2026, 11:30 AM to 1:30 PM
How to Bid in This Federal Bank Auction
- Register on federalbank.auctiontiger.net and complete KYC (PAN, Aadhaar, address proof).
- Obtain a digital signature certificate (DSC) if the service provider requires one.
- Inspect the vehicle within the inspection window after informing the Authorised Officer.
- Pay the EMD of ₹92,200 by RTGS/NEFT and upload the bid form before 8 October 2026.
- Log in on 9 October 2026 and bid in multiples of the bid increment; the auction has auto-extension of 5 minutes for late bids.
The successful bidder must pay 25% on acceptance, 75% within 15 days. Stamp duty, registration charges, GST/TDS where applicable and any statutory dues are borne by the buyer. If the balance is not paid in time, the deposited money is forfeited.
Due Diligence Checklist Before Bidding
- Verify RC details, chassis and engine numbers against the notice.
- Check pending challans, road tax and insurance status.
- Inspect body, tyres and engine condition personally or with a mechanic.
- Confirm NOC and RC transfer support from the bank after sale.
- Read our bank auction risks and how to avoid them before you bid.
Contact the Authorised Officer
| Authorised Officer | Assistant Vice President & Branch Head |
| Office | Federal Bank LCRD Mumbai Division, 134, 13th Floor, Jolly Maker Chamber II, Nariman Point, Mumbai 400021 |
| Phone | +91-8828226729 |
| mumlcrd@federal.bank.in |
Ashok Leyland CNG Truck Auction: FAQs
What is the reserve price in the Ashok Leyland CNG truck auction?
The reserve price is ₹9,22,000. Bids below this amount are not accepted.
When is the Ashok Leyland CNG truck auction scheduled?
The auction is on 9 October 2026 from 11:30 AM to 1:30 PM. EMD and bids must reach the bank by 8 October 2026.
How much EMD is required?
The earnest money deposit is ₹92,200, usually 10% of the reserve price. It is refunded to unsuccessful bidders without interest.
Can I get a bank loan to buy this vehicle?
Loans for auctioned vehicles are limited; most buyers use their own funds. Check with your bank before bidding.
Where can I see the official sale notice?
The notice is published on the Federal Bank tender and sale notices page. Always read the full notice before bidding.
More Federal Bank Auctions
- All Federal Bank auction listings
- More commercial vehicle auctions
- Bank auctions in Maharashtra
- Guide: bidding strategy above reserve price
Source: Official sale notice published on the Federal Bank Tenders & Sale Notices page. eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with the bank before bidding.
“The asset is being sold on “As is where is”, “As is what is” and “Whatever there is” basis through e-auction by Federal Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Vehicle Details
| Type | Commercial Vehicles |
|---|---|
| Year of Manufacture | 2024 |
| Fuel Type | CNG |
| Condition | Running |
| Registration State | Maharashtra |
| Location | Maharashtra |
Location Map
Auction Timeline
- 21 Sep 2026Auction Notice Published
- 6 Oct 2026Inspection Ends
- 8 Oct 2026Last Date for EMD Submission
- 9 Oct 2026, 11:30 AM to 1:30 PMe-Auction (Online Bidding)
- Post AuctionHighest Bidder Intimation
- Within Specified TimePayment & Documentation
Important Information
- The asset will be sold to the highest bidder subject to confirmation by the bank.
- Bidders must remit the EMD before the last date mentioned in the sale notice.
- The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance within 15 days, unless the bank specifies otherwise.
- For detailed terms and conditions, please refer to the official bank sale notice.
- This is a bank e-auction and not a private sale.
- eBankAuctions is a directory platform and does not conduct the auction. Please contact the respective bank for all auction-related queries.