Mercedes-Benz Eqs Auction Kochi: 2024 Mercedes-Benz EQS EQS 580 4MATIC Electric – Reserve ₹58 Lakh (16 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-367497
Vehicle Description
Here is a fresh bank e-auction worth tracking: the Mercedes-Benz Eqs auction Kochi, offered by Canara Bank at a reserve of ₹58 Lakh. On offer is a 2024 Mercedes-Benz EQS EQS 580 4MATIC Electric with registration number KL39V0444, showing about 76,000 km on the odometer. The online auction runs on 16 October 2026 (10:30 AM to 11:30 AM) with a reserve price of ₹58,00,000.
The vehicle is being sold under Hypothecation on an “as is where is, as is what is and whatever there is” basis. Below are the reserve price, EMD, key dates, location details, bidding steps and a due diligence checklist for this auction.
Table of Contents
Table of Contents
Mercedes-Benz Eqs Auction Kochi: Key Highlights
- Reserve price: ₹58,00,000 (₹58 Lakh)
- EMD: ₹5,80,000
- Bid increment: ₹50,000
- Auction: 16 October 2026, 10:30 AM to 11:30 AM
- Last date for EMD: 16 October 2026, 10:00 AM
- Location: Kochi, Ernakulam, Kerala
- Possession: Physical
Mercedes-Benz Eqs Auction Kochi – Complete Details
| Auction ID | 367497 |
| Asset ID | CNRB324313781BENZ2 |
| Bank | Canara Bank |
| Branch | Ernakulam Specialised Arm Branch |
| Make / Model | Mercedes-Benz EQS EQS 580 4MATIC |
| Vehicle type | Car / Sedan |
| Fuel | Electric |
| Registration No. | KL39V0444 |
| Registration year | 2024 |
| Odometer | 76,000 km |
| Yard / location | Ernakulam |
| City / District | Kochi, Ernakulam |
| State | Kerala |
| PIN code | 682016 |
| Type of possession | Physical |
| Type of action | Under Hypothecation |
| Reserve price | ₹58,00,000 |
| EMD | ₹5,80,000 |
| Bid increment | ₹50,000 |
| Auto-extension | 5 minutes per late bid |
About the Location – Kochi
This listing falls in Kochi, Ernakulam, Kerala, postal code 682016. Kerala’s property market is driven by NRI demand, tourism and the Kochi–Thiruvananthapuram growth belt, and land parcels with road access are always in short supply. The handling branch is Ernakulam Specialised Arm Branch, which is usually the best contact for site visits and local queries.
Is the Mercedes-Benz Eqs Auction Kochi Worth It?
The bank’s own valuation shows ₹72,00,000, so the reserve of ₹58,00,000 is about 19% lower. The EMD of ₹5,80,000 is 10% of the reserve price and is refunded to unsuccessful bidders. Bank e-auctions often close near the reserve price when there are few bidders, which is where well-prepared buyers find value. The bank holds physical possession, which usually makes handover after the sale smoother.
Important Dates for the Mercedes-Benz Eqs Auction Kochi
- EMD submission opens: 1 October 2026
- Last date for EMD: 16 October 2026, 10:00 AM
- E-auction: 16 October 2026, 10:30 AM to 11:30 AM
- Auto-extension: 5 minutes for every bid in the last minutes
How to Bid on BAANKNET
- Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
- Search for Auction ID 367497 and download the sale notice and terms.
- Inspect the vehicle during the inspection window by calling the branch contact on 8200330374.
- Pay the EMD of ₹5,80,000 through the BAANKNET wallet before 16 October 2026, 10:00 AM.
- Log in on 16 October 2026 and bid above the reserve in steps of ₹50,000; each late bid extends the auction by 5 minutes.
The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance 75% within 15 days, unless the bank states otherwise. Stamp duty, registration charges, GST/TDS where applicable and any statutory dues are borne by the buyer.
Due Diligence Checklist Before Bidding
- Match the registration, engine and chassis numbers with the RC.
- Check pending challans, road tax, insurance and fitness/permit validity.
- Inspect the body, tyres and engine at the yard, ideally with a mechanic.
- Confirm RC transfer support and NOC from the bank after the sale.
- Read our bank auction risks and how to avoid them before you bid.
Mercedes-Benz Eqs Auction Kochi: FAQs
What is the reserve price in the Mercedes-Benz Eqs auction Kochi?
The reserve price is ₹58,00,000. Bids below the reserve price are not accepted.
When is the Mercedes-Benz Eqs auction Kochi scheduled?
The e-auction is on 16 October 2026 from 10:30 AM to 11:30 AM. The last date for EMD is 16 October 2026, 10:00 AM.
How much EMD is required?
The earnest money deposit is ₹5,80,000. It is refunded to unsuccessful bidders.
Where is the vehicle located?
It is in Kochi, Ernakulam, Kerala – 682016.
Where can I see the official sale notice?
Search Auction ID 367497 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More Canara Bank and Kerala Auctions
- All Canara Bank auction listings
- More car auctions
- Bank auctions in Kerala
- Guide: bidding strategy above reserve price
Source: Auction ID 367497 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Canara 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 Canara Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Vehicle Details
| Type | Cars |
|---|---|
| Year of Manufacture | 2024 |
| Fuel Type | Electric |
| Condition | Running |
| Kilometres Driven | 76000 |
| Registration State | Kerala |
| Location | Kochi, Kerala |
Location Map
Auction Timeline
- 1 Oct 2026Auction Notice Published
- 16 Oct 2026Last Date for EMD Submission
- 16 Oct 2026, 10:30 AM to 11:30 AMe-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.