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More details on the Mahindra Thar auction

4 bidders put their top bids at over Rs. 1 crore for the Thar.

Last week, the first Mahindra Thar was sold at auction for Rs. 1.11 crore. The carmaker has now released more details of this auction.

The winning bid was placed by Mr. Aakash Minda from New Delhi. It was 4 times the reserve price of Rs. 25 lakh. Mahindra has contributed an additional 1.11 crore and the total proceed amount will be donated to the Swades Foundation for Covid-19 relief work.

Almost 5,500 people from 550 locations across India had registered for the auction. Bidders from New Delhi, Chikmaglur (Karnataka), Chennai (Tamil Nadu), Ernakulum (Kerala), Medinipur (West Bengal), Rajkot (Gujarat) Ballia (Uttar Pradesh), Pathanamthitta (Kerala), Jorhat (Assam), Tirunelveli (Tamil Nadu), Bhagalpur (Bihar), Bilaspur (Chattisgarh), Ganganagar (Rajasthan) and Kohima (Nagaland), amongst other cities took part in the auction.

There were 37 bidders who put their bid value at more than Rs. 50 lakh and 4 bidders put their top bids at over Rs. 1 crore. The total value of the unique top bids amounted to Rs. 35,70,75,000, while the value of all bids received was Rs. 105,09,00,000.

Here is a list of the top 5 bidders:

Akash Minda (New Delhi) - Rs. 1,11,00,000

Vishwanath (Chikmaglur) - Rs. 1,09,50,000

Arun (Chennai) - Rs. 1,09,25,000

Abhishek Datta (Medinipur) - Rs. 1,07,00,000

Divyarajsinh (Rajkot) - Rs. 98,25,000

 
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