SBI Bank Auction Car 2026: Kia Sonet HTK Plus Available at Low Price – Full Details Inside

If you are planning to buy a second-hand car at a discounted price, then bank auctions are one of the best opportunities. Recently, the State Bank of India (SBI) has listed a vehicle under its e-auction platform, offering a well-maintained Kia Sonet G1.2 HTK Plus (2023 model) at an attractive price.

In this article, we will cover complete details of the SBI car auction, vehicle specifications, condition report, valuation insights, and how you can participate in the auction.

🔎 Overview of SBI Vehicle Auction

Bank auctions happen when borrowers fail to repay loans, and the bank recovers dues by selling the asset. In this case, SBI is auctioning a nearly new Kia Sonet, making it a great deal for buyers.

This particular vehicle comes with low mileage, good condition, and recent manufacturing, which increases its resale and usability value.

🚘 Vehicle Details (As per Valuation Report)

According to the official valuation document submitted to SBI:

• Owner Name:

• Registration Number: KA-04-NC-8049

• Vehicle Type: Motor Car

• Manufacturer: Kia India Pvt Ltd

• Model: Sonet G1.2 5MT HTK Plus

• Body Type: Station Wagon

• Fuel Type: Petrol

• Engine Capacity: 1197 CC

• Seating Capacity: 5 Persons

• Manufacturing Year: August 2023

• Mileage (Inspection Time): 10,447 km

• Color: Intense Red

👉 These details are clearly mentioned in the valuation report (page 1)

📊 Vehicle Condition Report

One of the biggest concerns while buying used cars is condition. However, this vehicle has been inspected and reported as:

• Overall Condition: Good

• Engine Condition: Proper working (as per inspection)

• Interior Condition: Well maintained

• Exterior Condition: Minor wear (normal usage)

• Road Tax Status: Lifetime Tax (LTT)

• Fitness Validity: Up to October 2038

From the images on page 2, we can see:

• Clean dashboard and interior layout

• Proper engine compartment condition

• Exterior body intact with no major damage

• Original chassis and VIN details verified

This indicates the car is almost like-new condition, making it a valuable deal.

💰 Why This Auction is a Great Opportunity

1. Low Mileage Vehicle

With just around 10,447 km driven, the car is barely used.

2. Latest Model (2023)

Unlike many auctions with older cars, this is a recent model, which ensures better performance and resale value.

3. Trusted Source (SBI Auction)

Buying from SBI ensures:

• Legal ownership transfer

• Transparent process

• Verified documentation

4. Affordable Price

Auction vehicles are usually sold below market price, giving buyers huge savings.

🛠️ Kia Sonet HTK Plus Features

The Kia Sonet HTK Plus is one of the most popular compact SUVs in India. Key features include:

• Powerful 1.2L petrol engine

• Manual transmission (5-speed)

• Premium interiors

• Touchscreen infotainment system

• Reverse parking camera

• Good ground clearance

• Stylish compact SUV design

This makes it ideal for:

• Daily city driving

• Small family usage

• Business purposes

📍 Important Auction Details

You can check full auction details here:

👉 https://baanknet.com/eauction-psb/ang/view-auction-notice/289645/0/AE9E7B9EAF4F74F6E6DA1FA9D1E5BAEE45660B9AC9E3C3415F3EF239BC705582

Typically, SBI auctions include:

• Reserve price (minimum bid amount)

• Earnest Money Deposit (EMD)

• Auction date and time

• Inspection schedule

📝 How to Participate in SBI Car Auction

Follow these steps to bid:

Step 1: Register on e-Auction Portal

Visit the official bank auction website and create an account.

Step 2: Submit KYC Documents

Upload ID proof, address proof, and PAN card.

Step 3: Pay EMD (Earnest Money Deposit)

This is refundable if you don’t win the auction.

Step 4: Inspect the Vehicle

Always visit and inspect before bidding.

Step 5: Place Your Bid

Participate online during auction timing.

⚠️ Important Tips Before Bidding

• Always verify RC and legal documents

• Check for insurance validity

• Inspect vehicle physically

• Calculate additional costs (transfer, repairs)

• Avoid overbidding

📈 SEO Keywords for Ranking

This article is optimized for:

• SBI car auction 2026

• Bank auction cars India

• Kia Sonet auction price

• Used car auction SBI

• e-auction vehicles India

• Cheap second hand car auction

• Bank repossessed car India

🏁 Final Verdict

The SBI auction of Kia Sonet HTK Plus 2023 model is a rare opportunity to own a premium compact SUV at a reduced price. With low mileage, good condition, and reliable documentation, this deal is especially beneficial for:

• First-time car buyers

• Budget buyers

• Resellers and dealers

• Small business owners

If you are serious about buying a vehicle at a discounted rate, don’t miss this auction opportunity.

📌 Conclusion

Bank auctions are becoming increasingly popular in India, and this Kia Sonet listing is a perfect example of value-for-money investment. Make sure you follow the process carefully and inspect the vehicle before placing your bid.

👉 Check full auction details here:
https://baanknet.com/eauction-psb/ang/view-auction-notice/289645/0/AE9E7B9EAF4F74F6E6DA1FA9D1E5BAEE45660B9AC9E3C3415F3EF239BC705582