Demand drives up price of VIP registration plates
The Free Press Journal|September 03, 2024
NUMBERS GAME | Govt increases prices as vehicle owners seek exclusive numbers; '0001' will now cost ₹6L in Mumbai
Kamal Mishra
Demand drives up price of VIP registration plates

'VIP' plates will now cost a lot more. The government issued a notification on August 30 announcing a hike in the price of sought-after numbers.

The new rates apply to both personal and commercial vehicles, with different charges for two-wheelers, three-wheelers and other vehicle categories.

The in-demand '0001' registration number will now cost Rs6 lakh in Mumbai, Pune and other major cities.

As per the notification, the revised fees also mean that obtaining an out-of-series VIP number could now cost up to Rs18 lakh in major cities. This amount is comparable to the cost of several mid-segment cars, reflecting the growing demand and exclusivity associated with unique vehicle numbers.

According to the Transport Department notification, the price of '0001' number will increase to Rs5 lakh, from Rs3 lakh. For two- and three-wheelers, the fee will double to Rsl lakh. In high-demand regions such as Mumbai, Mumbai Suburban, Pune and Thane, the fee for '0001' will be Rs6 lakh, an increase from Rs4 lakh.

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