SBI Bank Vehicle Auction 2026: Buy Cars & Food Vans at Low Prices via Baanknet

The State Bank of India (SBI) has announced an official e-auction of seized vehicles scheduled for 29 December 2025, offering buyers a golden opportunity to purchase cars and commercial food vans at below-market reserve prices. Conducted under the SARFAESI Act, 2002, this auction will be held online through the government-authorized portal Baanknet.com, ensuring transparency and legal safety for bidders.

This auction is especially attractive for used vehicle buyers, small business owners, tour operators, food van entrepreneurs, and dealers looking for affordable vehicles directly from a public sector bank.

SBI Vehicle E-Auction: Key Highlights

According to the official public notice issued by SBI SME Centre, Mumbai, the auction includes cars and food vans seized by the bank due to loan defaults. All vehicles are offered on an “As Is Where Is” and “As Is What Is” basis, meaning buyers should inspect the vehicles before bidding PAPER PUBLICATION AUCTION OF VE….

Auction Details at a Glance

• Auction Date: 29 December 2025

• Mode: Online E-Auction

• Platform: Baanknet.com

• Issuing Authority: State Bank of India – SME Centre, Mumbai

• Legal Framework: SARFAESI Act, 2002 (Rule 8(6))

• Inspection Period: From notice publication till 28 December 2025 (11:00 AM – 3:00 PM)

List of Vehicles Available in SBI Auction

The SBI notice lists two seized vehicles available for bidding, both priced competitively with clearly declared reserve prices.

1. Tata Ace Gold Petrol – Food Van / Small Commercial Vehicle

• Make & Model: Tata Ace Gold P CX CLB BSVI

• Registration No.: MH-01-EM-8263

• Reserve Price: ₹3,25,000

• RC Status: Copy of RC available

• Insurance Validity: 18-08-2025 to 21-08-2026

• Fuel Type: Petrol

• Usage: Ideal for food van, last-mile delivery, or small business logistics

This vehicle is well-suited for MSME owners, kirana suppliers, and mobile food business operators looking for a reliable commercial vehicle at a low acquisition cost.

2. Maruti Suzuki Tour S STD – Taxi / Tours & Travels Car

• Make & Model: Maruti Suzuki Tour S STD

• Registration No.: MH-01-EE-3035

• Reserve Price: ₹3,50,000

• RC Status: Papers not available

• Insurance Validity: Till 03-01-2026

• Fitness Validity: Till 16-01-2027

• Fuel Type: Petrol / CNG

This model is popular among cab operators and travel agencies due to its fuel efficiency and low maintenance costs.

Vehicle Inspection Location

Interested buyers can physically inspect both vehicles at the following location:

Mannat Enterprises
Opp. Shree Ganesh Transport,
Near Tulja Bhavani Mandir,
DP Road, Shilphata,
Thane – 400612

Inspection is allowed any day from 11:00 AM to 3:00 PM until 28 December 2025 PAPER PUBLICATION AUCTION OF VE….

How to Participate in SBI Vehicle Auction on Baanknet

To bid in this SBI e-auction, buyers must strictly follow the official procedure:

Step-by-Step Process

1. Register on Baanknet.com
   Create an account using valid KYC details.

2. Deposit Bid Amount (EMD)
   Transfer funds via NEFT / RTGS into the Baanknet E-Wallet.

3. Bid Timing
   E-wallet deposit must be completed on 29-12-2025 between 11:00 AM and 5:00 PM.

4. Online Bidding
   Bidders can increase bids after auction opens.

5. Final Payment
   Successful bidders must pay the remaining balance within 3 days, failing which the EMD will be forfeited PAPER PUBLICATION AUCTION OF VE….

Important Terms & Legal Conditions

• No bid below the reserve price will be accepted.

• SBI reserves the absolute right to accept, reject, postpone, or cancel the auction without assigning reasons.

• Sale is governed under SARFAESI Act, 2002, making it legally enforceable.

• Buyers are responsible for RC transfer, taxes, and local RTO formalities.

These conditions ensure that the auction remains transparent, lawful, and bank-authorized.

Why Buy Vehicles from SBI Bank Auctions?

Buying from a public sector bank auction has several advantages:

• ✅ Lower prices than open market

• ✅ No broker or middleman commission

• ✅ Transparent reserve pricing

• ✅ Legal backing under SARFAESI Act

• ✅ Ideal for resale, fleet use, or startups

For used vehicle dealers and commission agents, SBI auctions are a trusted source of inventory with high resale margins.

Who Should Consider This Auction?

• Used car & commercial vehicle dealers

• Taxi operators & travel agencies

• Food truck & mobile business startups

• MSME logistics operators

• Individual buyers seeking budget vehicles

Final Words

The SBI Vehicle E-Auction on 29 December 2025 is a rare opportunity to acquire bank-seized cars and food vans at competitive prices through a secure government platform. With proper inspection and timely bidding, buyers can secure excellent value deals directly from State Bank of India.

🔗 Direct Auction Link (Official Portal)

👉 Click here to view and bid on the property directly:
https://baanknet.com/view-property/268944/B9E0D6D877E1157159EFB922A47D323CED808A54DBCD4ED94B74235A15FD01A6