AUCTION: Disposal of 24 Salvage and Company Maintained Vehicles (Adamjee Insurance, Lahore)

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Adamjee Insurance Co. Ltd. invites sealed bids for the auction of 24 salvage and company maintained vehicles on an as is where is basis. The auction will be conducted at 1-A Gulberg, Lahore, and interested parties may inspect the vehicles between 9:00 am and 5:00 pm prior to the bid submission deadline of 17 August 2026. This is a significant opportunity for buyers seeking used vehicles from a reputable insurance company in Lahore. Items being auctioned: - Haval GWMH6 Turbo (2 vehicles) - Hyundai Elantra (1 vehicle) - Changan Oshan X7 Future Sense (1 vehicle) - Suzuki Swift (2 vehicles) - Suzuki Wagon R (1 vehicle) - Suzuki Cultus (2 vehicles) - KIA Picanto (1 vehicle) - Toyota Yaris (1 vehicle) - Toyota Hilux (1 vehicle) - Honda CG-125 (1 vehicle) - Suzuki Every (1 vehicle) - Toyota Corolla (5 vehicles) - Suzuki Ravi (1 vehicle) - Peugeot (1 vehicle) - Suzuki Alto (3 vehicles) All vehicles are being sold in their current condition. Participants must deposit a token money of PKR 40,000 per vehicle, which is refundable only if the bid is unsuccessful. Successful bidders will have their token money adjusted in the sale price, but failure to pay the balance by the stipulated date will result in forfeiture of the token money. All participants are advised to thoroughly examine the vehicle files and documents before submitting their bids, as any overwriting or cutting will lead to rejection. Payment must be made via pay order, and transfer of ownership will only occur after full payment and completion of documentation. All government taxes, transfer charges, and duties are the responsibility of the buyer. Withholding tax at 10 percent for filers and 20 percent for non-filers will be charged on the offered price, and Capital Value Tax (CVT) at 1 percent applies to vehicles above 1300cc. Bidders should ensure all documents are in order and clarify any queries before submitting their offers. A practical tip: visit the inspection site early to thoroughly check the vehicles and their documentation, as this can help you avoid surprises and strengthen your bid.