Automobile Sales Agreement Template for India

The Automobile Sales Agreement is a crucial legal document used in India for facilitating the sale and purchase of vehicles. It serves as a comprehensive contract that protects both the seller's and buyer's interests while ensuring compliance with Indian legal requirements, including the Motor Vehicles Act, 1988, Sale of Goods Act, 1930, and relevant state regulations. This agreement becomes necessary whenever a vehicle is sold, whether through a dealership, manufacturer, or private sale, and includes essential details such as vehicle specifications, pricing, payment terms, warranties, and registration requirements. The document also addresses important aspects like insurance obligations, transfer of ownership, and dispute resolution mechanisms, making it an indispensable tool for any vehicle transaction in India.

1. Parties: Identification of the seller (dealer/manufacturer) and buyer with complete details including registration/license numbers

2. Background: Context of the sale and brief description of the transaction

3. Definitions: Definitions of key terms used throughout the agreement

4. Vehicle Description: Detailed description of the vehicle including make, model, year, VIN, color, and specifications

5. Purchase Price: Total purchase price, payment terms, and breakdown of costs including taxes

6. Delivery: Terms and conditions of vehicle delivery, timing, and location

7. Title and Registration: Provisions regarding transfer of title and registration process

8. Warranties: Manufacturer's warranty terms and any additional warranties provided

9. Representations: Representations and warranties by both parties regarding the vehicle and transaction

10. Insurance: Requirements for insurance coverage and proof of insurance

11. Compliance: Compliance with applicable laws and regulations

12. Termination: Conditions and process for termination of the agreement

13. Dispute Resolution: Process for resolving disputes including jurisdiction and governing law

14. Notices: Method and addresses for serving notices between parties

15. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments