MSRTC Earns ₹56 Crore From Scrap Bus Sales As Centralised Auctions Boost Returns
Mumbai: The Maharashtra State Road Transport Corporation (MSRTC) has earned ₹56 crore from the sale of 1,473 scrap buses, with a shift to centralised auctions helping it secure nearly ₹1 lakh more per bus than the earlier system of selling vehicles department-wise. Average realisation reaches ₹3.80 lakh per bus The buses, each more than 15 years old, were sold in July through Registered Vehicle…
The Maharashtra State Road Transport Corporation (MSRTC) has reported earning ₹56 crore from the sale of 1,473 scrap buses in July, with the shift to centralised auctions boosting returns. The new system, which auctions buses through Registered Vehicle Scrapping Facilities (RVSFs), attracted more bidders and resulted in better competition and prices, with an average realisation of ₹3.80 lakh per bus.
This is an improvement from the earlier system of selling vehicles department-wise, which often failed to generate competitive prices. The centralised process is expected to continue as MSRTC looks for ways to improve its finances, with the additional revenue potentially encouraging the corporation to explore centralised disposal mechanisms for its scrap fleet in the future.
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