Tata Nexon Auction: 2019 Nexon XM Petrol at ₹3.5 Lakh – Reserve ₹3.5 Lakh (27 Oct 2026)
Verified Listing Auction Closed
Property ID: FB-45
Vehicle Description
The Tata Nexon auction announced by Federal Bank is one of the notable car opportunities on the bank’s current sale-notice list. A 2019 Tata Nexon XM petrol in Vermont Red, registered at Alappuzha (KL-04), is being sold by sealed tender at a low reserve of ₹3.5 lakh. The sale by sealed tender is scheduled for 27 October 2026 (11:00 AM), with a reserve price of ₹3,50,000.
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
Tata Nexon Auction: Key Highlights
- Reserve price: ₹3,50,000
- EMD: ₹35,000
- Auction date: 27 October 2026, 11:00 AM
- Last date for EMD / bid: 26 October 2026, 5:00 PM
- Location: Elamakkara, Kochi, Kerala
Tata Nexon Auction – Complete Details
| Asset | Tata Nexon XM 1.2 Revotron 2019 (KL-04-AN-4189) |
| Description | Tata Nexon XM 1.2 petrol, BS IV, 2019 model, Vermont Red |
| Make / Model | Tata Nexon XM 1.2 Revotron |
| Year | 2019 |
| Fuel | Petrol |
| Registration No. | KL-04-AN-4189 |
| Reserve price | ₹3,50,000 |
| EMD (10%) | ₹35,000 |
| Bid increment | ₹5,000 |
General terms of the sale as stated in the notice:
| Bank | The Federal Bank Ltd. |
| Branch / Division | Ernakulam/Elamakkara |
| Mode of sale | Sealed tender cum auction |
| Type of possession | Physical possession |
| Outstanding dues | ₹7,39,113 as on 11 September 2026 |
| Encumbrances | None reported |
| Notice date | 11 September 2026 |
About the Location – Elamakkara, Kochi
The car is linked to the Federal Bank Elamakkara branch in Kochi, and tenders go to the LCRD Ernakulam office at Federal Towers, Marine Drive. With Kerala registration, a buyer in the state can transfer ownership without an NOC. The Nexon has a 5-star Global NCAP safety rating and remains one of the most sought-after compact SUVs in the used-car market.
Is the Tata Nexon Auction Worth It?
A reserve of ₹3.5 lakh is well below typical dealer prices for a 2019 Nexon XM, which leaves good room for savings after inspection. The bank’s outstanding dues (₹7.39 Lakh) are about 2.1 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 Tata Nexon Auction
- Sale notice date: 11 September 2026
- Inspection: 1:30 PM to 4:00 PM on working days until 26-10-2026 with prior approval
- Last date for EMD and tender submission: 26 October 2026 (5:00 PM)
- Tender opening / auction: 27 October 2026, 11:00 AM
How to Bid in This Federal Bank Auction
- Download the sale notice and tender form from the Federal Bank tender notices page.
- Inspect the vehicle during the permitted inspection window after informing the Authorised Officer.
- Remit the EMD by DD/RTGS/NEFT as specified in the notice before 26 October 2026.
- Submit the sealed tender with KYC (PAN, Aadhaar, address proof) and EMD proof at Federal Towers, Marine Drive, Ernakulam, Kerala 682031.
- Attend the tender opening; qualified bidders may be allowed to improve their offers in an inter-se bidding round.
The successful bidder must pay 25% (including EMD) 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 |
| Office | Federal Towers, Marine Drive, Ernakulam, Kerala 682031 |
| Phone | 0484-2385538, 0484-2201157, 0484-2201013 |
| ekmlcrd@federalbank.co.in |
Tata Nexon Auction: FAQs
What is the reserve price in the Tata Nexon auction?
The reserve price is ₹3,50,000. Bids below this amount are not accepted.
When is the Tata Nexon auction scheduled?
The auction is on 27 October 2026 from 11:00 AM. EMD and bids must reach the bank by 26 October 2026.
How much EMD is required?
The earnest money deposit is ₹35,000, 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 car 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 | Cars |
|---|---|
| Year of Manufacture | 2019 |
| Fuel Type | Petrol |
| Condition | Running |
| Registration State | Kerala |
| Location | Kerala |
Location Map
Auction Timeline
- 11 Sep 2026Auction Notice Published
- 26 Oct 2026Inspection Ends
- 26 Oct 2026Last Date for EMD Submission
- 27 Oct 2026, 11:00 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.