1 week ago
MSRTC Earns ₹56 Crore Through Centralised Scrap Bus Auctions
MSRTC sold 1,473 very old buses that were no longer useful.
These buses were more than 15 years old.
The sales brought in ₹56 crore for the transport corporation.
MSRTC used one central auction system instead of letting each division sell buses separately.
This attracted more buyers and increased competition.
Each bus sold for about ₹3.80 lakh on average.
MSRTC usually sends 2,000 to 2,500 buses for scrapping every year.
Officials believe the centralised system may help the corporation earn more money in future.
MSRTC earned ₹56 crore by selling 1,473 scrap buses in July.
The buses were more than 15 years old and sold through Registered Vehicle Scrapping Facilities.
Centralised auctions generated nearly ₹1 lakh more per bus than the earlier department-wise system.
The average sale value reached about ₹3.80 lakh per bus.
MSRTC operates 31 divisions and 251 depots with a fleet of around 14,500 buses.
- Who
- The Maharashtra State Road Transport Corporation (MSRTC) sold the buses.
- What
- It earned ₹56 crore from selling 1,473 scrap buses through centralised auctions.
- Where
- The sales involved MSRTC’s operations across Maharashtra through Registered Vehicle Scrapping Facilities.
- When
- The buses were sold in July; the article does not specify the year.
- Why
- The centralised process was used to attract more bidders, improve prices, and speed up disposal of old buses.
Key facts
- Total revenue
- ₹56 crore
- Buses sold
- 1,473
- Average realisation
- Around ₹3.80 lakh per bus
- Vehicle age
- More than 15 years
- Annual buses scrapped
- Nearly 2,000 to 2,500
- MSRTC divisions
- 31
- MSRTC fleet
- Around 14,500 buses
Sources
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