SML Isuzu Truck Auction: 2024 Samrat GS XT BS VI Truck – Reserve ₹12 Lakh (28 Oct 2026)
Verified Listing Auction Closed
Property ID: FB-50
Vehicle Description
Looking for a commercial vehicle deal below market rates? The SML Isuzu truck auction listed by Federal Bank deserves a close look. A nearly new 2024 SML Isuzu Samrat GS XT BS VI light commercial truck with Kerala (KL 74) registration is up for online auction. The online e-auction is scheduled for 28 October 2026 (11:00 AM to 1:00 PM), with a reserve price of ₹12,00,000.
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
SML Isuzu Truck Auction: Key Highlights
- Reserve price: ₹12,00,000
- EMD: ₹1,20,000
- Auction date: 28 October 2026, 11:00 AM to 1:00 PM
- Last date for EMD / bid: 27 October 2026
- Location: Thiruvananthapuram, Kerala, Kerala
SML Isuzu Truck Auction – Complete Details
| Asset | SML Isuzu Samrat GS XT 3335 BS VI (KL 74 D 6661) |
| Description | SML Isuzu Samrat light commercial truck, 2024 model, diesel, golden brown |
| Make / Model | SML Isuzu Samrat GS XT 3335 BS VI |
| Year | 2024 |
| Fuel | Diesel |
| Registration No. | KL 74 D 6661 |
| Reserve price | ₹12,00,000 |
| EMD (10%) | ₹1,20,000 |
| Bid increment | ₹10,000 |
General terms of the sale as stated in the notice:
| Bank | The Federal Bank Ltd. |
| Branch / Division | LCRD Thiruvananthapuram Division |
| Mode of sale | Online e-auction |
| E-auction portal | www.bankeauctions.com |
| Type of possession | Physical possession |
| Outstanding dues | ₹14,89,802 |
| Encumbrances | No prior encumbrance noted |
| Notice date | 18 September 2026 |
About the Location – Thiruvananthapuram, Kerala
The sale is handled by the Federal Bank LCRD Thiruvananthapuram Division at Statue in the capital city. KL 74 is the Kattakkada RTO code, so a Kerala buyer can complete the RC transfer without an NOC. The Samrat range is popular with Kerala’s fish, vegetable and building-material transporters because of its fuel efficiency and high payload on narrow roads.
Is the SML Isuzu Truck Auction Worth It?
A reserve of ₹12 lakh is well below the on-road price of a new Samrat, making this a good deal for small transport operators. The bank’s outstanding dues (₹14.9 Lakh) are about 1.2 times the reserve price, so the bank is clearly motivated to close this sale. Prices in recovery auctions are often attractive, but the real gain comes only after you factor in dues, taxes and transfer costs.
Important Dates for the SML Isuzu Truck Auction
- Sale notice date: 18 September 2026
- Inspection: 10:00 AM to 4:00 PM on working days with prior appointment
- Last date for EMD and bid submission: 27 October 2026
- E-auction: 28 October 2026, 11:00 AM to 1:00 PM
How to Bid in This Federal Bank Auction
- Register on www.bankeauctions.com 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 ₹1,20,000 by RTGS/NEFT and upload the bid form before 27 October 2026.
- Log in on 28 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 & Division Head |
| Office | Federal Bank LCRD, 4th Floor, Federal Towers, Statue, Thiruvananthapuram 695001 |
| Phone | 0471-2322229, 0471-2780625 |
| tvmlcrd@federalbank.co.in |
SML Isuzu Truck Auction: FAQs
What is the reserve price in the SML Isuzu truck auction?
The reserve price is ₹12,00,000. Bids below this amount are not accepted.
When is the SML Isuzu truck auction scheduled?
The auction is on 28 October 2026 from 11:00 AM to 1:00 PM. EMD and bids must reach the bank by 27 October 2026.
How much EMD is required?
The earnest money deposit is ₹1,20,000, 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 Kerala
- 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 | Kerala |
| Location | Kerala |
Location Map
Auction Timeline
- 18 Sep 2026Auction Notice Published
- 27 Oct 2026Last Date for EMD Submission
- 28 Oct 2026, 11:00 AM to 1:00 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.