The most expensive bike in India
A bike that has been deemed one of the most expensive motorcycles in the world by many in the Indian city of Bengaluru is being auctioned on Tuesday.
The bike is a Suzuki R1 with a price tag of Rs. 1,300,000 ($1.4 million) on eBay.
It is the most valuable bike in the city and is believed to be worth at least one billion dollars ($1 billion).
The bike was purchased by the family of retired general secretary P.K. Chatterjee, who owns a motorcycle workshop and a restaurant in Bengaluru, for a mere Rs. 500,000, and then given to the family as a present to keep the family afloat.
The bike is believed by many to have been acquired from a friend who had it taken from him in a traffic accident and then sold to Chatterji, who has used it to travel around the country and also to his home town of Bengalur.
The auction will be held in a private room at the auction house on Monday evening, with the proceeds going to Chattalak Foundation, a charity that works to help people with disabilities, as well as Chatterjans family.
The foundation is expected to collect the proceeds from the sale, which is expected at least two to three times the original price of the bike.
It has been said that the family plans to keep their motorcycle for five years, which will be paid off with the purchase price.
The price tag is a far cry from the $2,000-plus price tag that was put on the R1 in India in 2013 by the Indian Motorcycle Manufacturers Association (IMMA), which is believed at the time to have bought the bike for around Rs. 200,000.IMMA is also expected to donate the proceeds of the sale to the foundation.
The foundation is also looking at selling the bike to the local community.
The Suzuki R-1 was a high-end model of the Suzuki GSX-R750 and was launched in 2003, and is a highly sought after and sought-after motorcycle in the country.
The price tag on the bike is likely to be far higher than the Rs. 2,000 crore ($1 trillion) that the motorcycle has sold for in India, which has led to a debate about its future value.