Why VIP Number Plates Are More Than Just Registration Tags in India

Did you know that around 1.55 crore (15.5 million) vehicles have been registered so far this year? That’s an average of about 42,466 new vehicles each day. In recent years, India has witnessed a growing interest in personalized and unique number plates like ooo7 number plate, reflecting the country’s increasing fascination with individual identity and prestige. Many times vehicle owners wish to add that unique touch to their vehicle in the form of styling, color, or even the number plate. VIP plates are more than just car tags—they symbolize status and exclusivity. In India, plates with numbers like ‘0001’, ‘9999’, and ‘0007’ are available at a certain cost.

For example, data from the Delhi government’s transport department reveals that the ‘0001’ plate had the highest bid in monthly auctions from January to June this year. The ‘0009’ plate sold for Rs 11 lakh in June, and the ‘0007’ plate fetched Rs 10.8 lakh in January 2024.

In this article, we will focus on the ‘0007’ number plate and the 0007 number plate price in detail. So, let’s get started. 

Also Read: Understanding the Types of Number Plates in India

VIP Number Plates in India

VIP number plates, also known as fancy or personalized number plates, are vehicle registration plates that feature unique and often highly sought-after numerical combinations. 

These plates are categorized into various classes based on their exclusivity and appeal. For instance, single-digit numbers like 0001 and 0007 are considered highly prestigious and fall under the super-elite category. 

Other popular combinations include repeating numbers such as 1111 or 4444 which are also in great demand. These figures do not require any customization but they fall under the standard serial order which makes them rare and desirable.

Obtaining a VIP number plate in India typically involves participating in an e-auction conducted by the Regional Transport Office (RTO). 

• Register on the Ministry of Road Transport and Highways (MoRTH) official website as a public user.
• Log in to your account after registration.
• Select your desired number from the available list of VIP numbers.
• Pay the required registration fees for the selected number plate.

In fact, through this auction, you can make a bid for your favorite number while also keeping an eye on other bids so that you can increase it when needed.

Once the auction concludes, you finalize the payment and print the allotment letter, which serves as an official reference for your allocated VIP number plate. This process ensures a fair and transparent allocation of these coveted numbers.

If you are interested in buying VIP numbers, there are various categories available across different states in India. For instance, the starting 0007 number plate price is around Rs. 3 lakh in most areas. Below is a table showing other VIP numbers and their prices.

Types of VIP Number Plates and Their Rarity in India

0007 Number Plate Price and Bidding Process

VIP number plates are rare, so they come with a higher price tag. The cost of a VIP number plate depends on the category of the fancy number you choose.

For example, the 0007 number plate price is highly sought after due to its association with the iconic James Bond character and its perceived status symbol. In recent auctions, the 0007 license plate has attracted high bids, with one of the top offers reaching Rs 10.8 lakh in January 2024. 

While the base price for these premium plates usually starts at Rs 3 lakh, the final price can vary a lot depending on how many people are interested and the level of competition.

Several factors influence the 0007 number plate price. For example:

• Rarity and Uniqueness: The 0007 number plate is rare and unique, making it highly desirable.
• Cultural Significance: Its association with the James Bond character adds to its appeal.
• Prestige and Status: Owning a VIP number plate like 0007 is seen as a status symbol.
• Demand and Competition: High demand and competitive bidding can drive up the price.
• Base Price: The initial base price set for the auction influences the final cost.
• Auction Dynamics: The strategies and behavior of other bidders during the auction can impact the final price.

Now, Let’s discuss some strategic advice on how to successfully bid for this number.

Also Read: How to get Fancy Number Plates for Cars

Bidding for 0007 VIP Number Plate

Here are some tips to increase your chances of getting a 0007 Number plate:

1. Register Early

Make sure to register on the Ministry of Road Transport and Highways (MoRTH) website as soon as the bidding window opens. This increases your chances of securing the 0007 number plate and allows you to familiarize yourself with the process, making you better prepared for the auction.

2. Set a Budget

Setting a budget is essential when bidding, as it helps you manage your finances and avoid overspending. As already mentioned the minimum bidding amount for 007 number plate is around Rs. 3 lakhs, so it’s important to determine how much you are willing to spend and stick to that limit. 

3. Monitor the Bidding Process

It’s important to keep a close eye on the bidding process since the e-auction window starts three days after you register. Being alert lets you place your bids on time and change your strategy based on the latest bid amounts. This careful approach keeps you competitive and boosts your chances of winning the 0007 number plate.

4. Bid Strategically

Placing bids strategically involves monitoring the auction closely and making your move at the right moment. Often, waiting until the end of the auction can provide an advantage, as it allows you to see the highest bids and make a more informed decision. This approach can help you outbid competitors and secure the desired number plate.

Also Read: How to find the Chassis Number, VIN, and Engine Number?

Legal and Regulatory Considerations

To apply for a VIP number plate like 0007 in India, you need to follow a specific process and provide certain documentation. The required documents typically include:

• Vehicle’s Registration Certificate (RC)
• Insurance certificate
• A Pollution Under Control (PUC) certificate
• Proof of address
• Proof of identity
• A passport-size photograph. 

The application process involves registering on the Ministry of Road Transport and Highways (MoRTH) website, selecting your desired number, and participating in an e-auction conducted by the Regional Transport Office (RTO). The registration fees and base price must be paid as caution money, which is refundable if the desired number is not allotted.

Owning a VIP number plate comes with certain implications. There are annual fees and renewal processes that need to be considered. The registration fees are non-refundable, and the remaining amount must be paid within a specified period if the desired number is allotted. 

Not doing so will result in the application being canceled. Additionally, the cost of a VIP number plate can vary significantly depending on the state and the specific number being auctioned. It’s important to stay informed about the renewal processes and any additional fees that may apply to maintain the VIP status of your number plate.

Conclusion

A “0007” number plate is more than just a unique registration—it’s a piece of cultural and automotive history. These plates are valuable due to their rarity, demand among collectors, and the famous connection to James Bond. If you are looking to buy a used vehicle, explore OLX India. We have a wide range of options at affordable rates to help you find the perfect match.