Ashok Leyland Truck Auction: 3 Ashok Leyland 2024 Trailer Trucks – Reserve from ₹12.2 Lakh (9 Oct 2026)
Verified Listing Auction Closed
Property ID: FB-8
Vehicle Description
The Ashok Leyland truck auction announced by Federal Bank is one of the notable commercial vehicle opportunities on the bank’s current sale-notice list. Three almost-new 2024 Ashok Leyland NA5525N/34 tractor-trailer trucks are offered as separate lots, so fleet owners can bid for one or all three. The online e-auction is scheduled for 9 October 2026 (11:30 AM to 1:30 PM), with a reserve price of from ₹12,20,000.
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 Truck Auction: Key Highlights
- Reserve price: Lot 1 – ₹12,20,000; Lot 2 – ₹12,20,000; Lot 3 – ₹12,20,000
- EMD: Lot 1 – ₹1,22,000; Lot 2 – ₹1,22,000; Lot 3 – ₹1,22,000
- Auction date: 9 October 2026, 11:30 AM to 1:30 PM
- Last date for EMD / bid: 8 October 2026, 4:00 PM
- Location: Palashbani, Jharkhand, Jharkhand
Ashok Leyland Truck Auction – Complete Details
Lot 1: Ashok Leyland NA5525N/34 TT CC (NL01 AH 5731)
| Description | Ashok Leyland tractor-trailer cab chassis, 2024 model, diesel, white |
| Make / Model | Ashok Leyland NA5525N/34 TT CC |
| Year | 2024 |
| Fuel | Diesel |
| Registration No. | NL01 AH 5731 |
| Reserve price | ₹12,20,000 |
| EMD (10%) | ₹1,22,000 |
| Bid increment | ₹10,000 |
Lot 2: Ashok Leyland NA5525N/34 TT CC (NL01 AH 5734)
| Description | Ashok Leyland tractor-trailer cab chassis, 2024 model, diesel, white |
| Make / Model | Ashok Leyland NA5525N/34 TT CC |
| Year | 2024 |
| Fuel | Diesel |
| Registration No. | NL01 AH 5734 |
| Reserve price | ₹12,20,000 |
| EMD (10%) | ₹1,22,000 |
| Bid increment | ₹10,000 |
Lot 3: Ashok Leyland NA5525N/34 TT CC (NL01 AH 5730)
| Description | Ashok Leyland tractor-trailer cab chassis, 2024 model, diesel, white |
| Make / Model | Ashok Leyland NA5525N/34 TT CC |
| Year | 2024 |
| Fuel | Diesel |
| Registration No. | NL01 AH 5730 |
| Reserve price | ₹12,20,000 |
| EMD (10%) | ₹1,22,000 |
| Bid increment | ₹10,000 |
General terms of the sale as stated in the notice:
| Bank | The Federal Bank Ltd. |
| Branch / Division | Dombivli |
| Mode of sale | Online e-auction |
| E-auction portal | federalbank.auctiontiger.net |
| Type of possession | Physical possession |
| Outstanding dues | ₹1,24,16,642 as on 21 September 2026 |
| Notice date | 21 September 2026 |
About the Location – Palashbani, Jharkhand
The trucks are parked at a yard near Palashbani on the outskirts of Jamshedpur in Jharkhand, an industrial hub served by NH 33 and NH 18. The vehicles carry Nagaland (NL01) registration, so the buyer must plan for a re-registration or NOC process if the trucks will run in another state. Being heavy haulage units, they suit logistics operators moving steel, cement or containers in the eastern industrial corridor.
Is the Ashok Leyland Truck Auction Worth It?
At ₹12.2 lakh each, the reserve is a fraction of the ex-showroom price of a new tractor-trailer, which makes these lots attractive for fleet expansion. The bank’s outstanding dues (₹1.24 Cr) are about 3.4 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 Truck Auction
- Sale notice date: 21 September 2026
- Inspection: At Ganapati Yard, near Palashbani, Jharkhand 831012 on 06-10-2026, 11:30 AM to 2:30 PM with prior appointment
- Last date for EMD and bid submission: 8 October 2026 (4:00 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 ₹1,22,000 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% of bid amount immediately on acceptance; balance 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 Truck Auction: FAQs
What is the reserve price in the Ashok Leyland truck auction?
Lot-wise reserve prices are: Lot 1 – ₹12,20,000, Lot 2 – ₹12,20,000, Lot 3 – ₹12,20,000.
When is the Ashok Leyland 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 ₹1,22,000 for Lot 1 (see the table above for other lots), 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
- 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 | Diesel |
| Condition | Running |
| Registration State | Jharkhand |
| Location | Jharkhand |
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.