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Report Highlights High Costs and Delays in Vehicle Transfers
Sentiment: NeutralHigh Priority
What Happened?
A report reveals that vehicle transfer costs can reach up to 10 times statutory fees, with significant delays in states like Uttar Pradesh and Bihar. The Ease of Vehicle Ownership Index 2026 ranks these states among the worst for vehicle ownership.
Key points
- Vehicle transfer costs can reach Rs 13,000-14,000 in Bihar and Rs 7,000-8,000 in Tamil Nadu.
- The report was prepared by Consumer Voice and IndiaTech based on interviews and state transport policies.
- Andhra Pradesh has the lowest transfer costs, ranging from Rs 500-2,400.
- The time for transfer completion varies, taking as little as a week in Andhra Pradesh but over a month in Uttar Pradesh.
- The report indicates that 39% of respondents faced delays in receiving registration certificates.
Key insights
- Reducing hidden transaction costs may improve accessibility to vehicle ownership.
- The report suggests that procedural inefficiencies continue to inflate costs.
- States with high costs may see slower growth in the pre-owned vehicle market.
Why it matters
The findings could impact consumers looking to transfer vehicle ownership, highlighting the need for regulatory reforms.
Source
Times of India
