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Documents Required for New Two-Wheeler Purchase in India
- Author :
- TATA AIG Team
- ●
- Last Updated On :
- 11/08/2023
Buying a bike could be a dream come true for many. The absolute excitement of bringing home a beautiful bike is something that is totally unparalleled. Even for you, owning a two-wheeler could mean a lot. After all, you will be putting in your hard-earned money to buy something for yourself that will make your daily conveyance easy. You need to understand how to buy a bike and understand what documents are required for a new bike purchase.
Whether you have just passed out of your college and landed a job or you are looking for a two-wheeler for someone in your family (son or brother), it’s important to be able to choose the perfect one. And to make this journey of a two-wheeler purchase easier, you need to be well aware of every single aspect of the same. Here comes the knowledge regarding the necessary documents needed to buy a bike in India.
Before making your purchase, you need to be sure that you do not miss out on anything. This is important because only paying for the bike will not suffice to get it home. You will also have to register it under your location’s jurisdiction and should be up-to-date with all the documents related to your purchase. Also, if you are looking for a finance or bike loan option, there are certain additional documents that you need to have in place.
Now, before we get into the details of the necessary documents related to the purchase of a two-wheeler in the country, we also should tell you that robust insurance for a 2-wheeler is advisable. Even though a third-party bike insurance policy has been mandated by the Motor Vehicles Act in India, it’s better to go for comprehensive two-wheeler insurance to protect your vehicle from all sides!
With Tata AIG, you can compare two-wheeler insurance plans online. This will help you to learn about the policy exclusions and inclusions and, therefore, choose the right policy for your bike. You can also use the bike insurance premium calculator on the website to know the amount of premium that you need to pay.
Now let us get into the details of how to buy a bike.
What Documents are Required for New Bike Purchase in India?
Certain specific list of documents is needed while purchasing a bike in India. You will also need a few documents to register the vehicle in the name of the owner, and the ownership title of the two-wheeler needs to be registered as well.
Also, according to the Motor Vehicles Act, it’s compulsory to register the bike with the RTO (Regional Transport Office) in order to ensure the authenticity of the vehicle ownership. These documents are needed by the dealership to maintain a database of the vehicles along with their owners’ details for specific purposes.
Let us get into the details of the documents required for bike purchase.
Documents Required for Bike Purchase from a Dealership
Certain specific list of documents is needed while purchasing a bike in India. You will also need a few documents to register the vehicle in the name of the owner, and the ownership title of the two-wheeler needs to be registered as well.
Also, according to the Motor Vehicles Act, it’s compulsory to register the bike with the RTO (Regional Transport Office) in order to ensure the authenticity of the vehicle ownership. These documents are needed by the dealership to maintain a database of the vehicles along with their owners’ details for specific purposes.
Let us get into the details of the documents required for bike purchase.
- Documents Required for Bike Purchase from a Dealership
Once you have zeroed down on a bike, you need to visit the dealership to purchase the same. However, here are the documents that you need to carry along –
ID proof - To help the dealer confirm the identity of the person willing to purchase the bike. You can carry documents like your PAN card, Driving Licence, Aadhaar Card, etc.
Nationality Proof – Your passport or voter ID will be required to prove your nationality.
Address Proof – Your passport, a rental contract, electricity bill, water bill, etc., will be needed to confirm your residential address.
Documents Required to Buy a Bike Through a Bank Loan
While buying a bike, you may pay in full for the same or may opt for a bike loan and go for periodic instalments. Your eligibility for a two-wheeler loan will be based on your income, age limit, and so on. Here is a list of all the documents required to buy a bike on EMI by opting for a loan:
For Salaried Individuals
Identity Proof – PAN card, Aadhar card, passport, etc.
Address Proof – The electricity bill, water bill, passport, etc.
Income Proof – IT returns, salary slips, etc.
Passport Size Photographs
Bank Statements of past 1 year
For Self-employed Individuals
Identity Proof – PAN card, Aadhar card, passport, etc.
Address Proof – Electricity bill, water bill, passport, etc.
Bank Statement – statement of last three to six months to confirm your deductions and income.
IT Returns – To assess your annual income and deductions, you will be asked to submit the past 3 years’ IT return.
Passport Size Photographs
Thus, these are documents required to buy a bike on EMI, and you must ensure that you have all these with you.
- Documents Required for Bike Registration
Once you have purchased the bike, it will now have to travel on the road rather than sitting idle on the showroom floor. Isn’t it? And in order to do that, you will have to register your bike with the regional RTO office within 7 days of bringing your vehicle home by submitting all the documents required for bike registration. You also need to know the papers we must get from the dealer when we buy a bike. Here is the list of documents that you will need to submit at the RTO office to get your vehicle registered –
| Document List | Name |
|---|---|
| Sales Certificate | Form 21 |
| Application Form | Form 20 |
| Emission Control Certificate | PUC Certificate |
| Road Worthiness Certificate | Form 22 |
| Proof of Sale | Invoice from the Manufacturer and Dealer |
| Clearance Certificate for bikes that are imported | Customs Clearance Certificate |
| Address Proof for Bike Registration | Driving License, Aadhaar Card, Passport, etc. |
| ID Proof | Driving License, Aadhaar Card, Passport, PAN Card etc. |
| Temporary Registration Certificate | Copy of Insurance for 2-wheeler Policy Cover Note |
| Two-wheeler Insurance | Copy of the Bike Insurance Policy Cover Note |
| Affidavit | Non-Judicial Stamp Paper |
| Loan or Finance Copy | Form 34 (It has to be signed by the sponsor and the bike owner) |
Now that you know what documents are required for new bike purchase and the papers we must get from the dealer when we buy a bike, let us understand the importance of having a bike insurance policy.
Benefits of Two-wheeler Insurance
The feeling of seeing your all-new bike parked in front of your house is enthralling, to say the least! However, it is even more important to keep your bike safe from external forces. And in this case, we are talking about road accidents as well as natural calamities like hailstorms, earthquakes, and so on.
Even though a third-party bike insurance policy will keep your two-wheeler safe from any third-part related mishaps, it’s prudent to opt for a comprehensive plan as it will cover both third-party liabilities as well as own damages.
Conclusion
All said and done, as you are now already aware of the types of documents needed to buy a bike in India, make sure that you have all these documents in place before you head out to shop for your favourite bike.
Disclaimer / TnC
Your policy is subjected to terms and conditions & inclusions and exclusions mentioned in your policy wording. Please go through the documents carefully.
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