Dhanlaxmi Bank Car Auction in Kannur, Kannur

The property up for auction is a 2019 Tata Nexon XM 1.5 RTQ Diesel, a robust and popular compact SUV known for its safety features, comfortable ride, and impressive mileage. This particular model, registered under KL 78 8197 in Kerala, represents a sound investment for individuals seeking reliable transportation or a valuable asset. Located in Kannur, a significant commercial and cultural hub in Kerala, the vehicle benefits from its presence in a region with a thriving automotive market. The Nexon XM variant offers essential features suitable for daily commuting and family use. This bank auction, conducted by Dhanlaxmi Bank, provides a straightforward method to procure this vehicle, appealing to first-time buyers or those looking for a cost-effective acquisition of a modern car. Its model year signifies a relatively new vehicle with potentially lower mileage and modern specifications.

This auction presents a unique opportunity for prospective buyers to acquire a well-maintained 2019 Tata Nexon XM 1.5 RTQ Diesel, registered in Kerala (KL 78 8197). The vehicle is being auctioned by Dhanlaxmi Bank under the SARFAESI Act, offering a transparent and regulated acquisition process. The auction is scheduled to commence on July 31, 2025, at 11:00 AM and will conclude at 1:00 PM on the same day. The reserve price is set at ₹4,95,000, with an Earnest Money Deposit (EMD) of ₹49,500 required to participate. This event is managed by bankauctions.in, a reputable service provider in the online auction space. For further details and to review the sale notice, interested parties can refer to the provided URL. This is an excellent chance to own a popular and fuel-efficient SUV in the vibrant city of Kannur.